Analysts Expect Hoegh LNG Partners (NASDAQ:HMLP) to Post $0.34 Earnings Per Share
Hoegh LNG Partners (NASDAQ:HMLP) has been assigned an average broker rating score of 2.33 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokers have set a 1-year consensus target price of $19.67 for the company and are predicting that the company will post $0.34 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Hoegh LNG Partners an industry rank of 227 out of 265 based on the ratings given to its competitors.
HMLP has been the topic of a number of recent analyst reports. Barclays PLC reissued an “equal weight” rating and issued a $20.00 price objective (up from $19.00) on shares of Hoegh LNG Partners in a research note on Tuesday, August 30th. Zacks Investment Research cut shares of Hoegh LNG Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, August 30th. Citigroup Inc. reissued a “buy” rating and issued a $21.00 price objective (up from $18.50) on shares of Hoegh LNG Partners in a research note on Friday, August 26th. Finally, Morgan Stanley reissued a “hold” rating on shares of Hoegh LNG Partners in a research note on Friday, August 26th.
Hoegh LNG Partners (NASDAQ:HMLP) opened at 17.56 on Tuesday. The firm has a market cap of $462.21 million and a P/E ratio of 18.27. The stock has a 50 day moving average price of $18.53 and a 200-day moving average price of $17.92. Hoegh LNG Partners has a 1-year low of $11.50 and a 1-year high of $19.56.
Hoegh LNG Partners (NASDAQ:HMLP) last announced its quarterly earnings data on Thursday, August 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by $0.26. The company had revenue of $22.80 million for the quarter, compared to analyst estimates of $23.47 million. Equities research analysts forecast that Hoegh LNG Partners will post $1.24 EPS for the current year.
About Hoegh LNG Partners
Hoegh LNG Partners LP owns, operates and acquires floating storage and regasification units (FSRUs), liquefied natural gas (LNG) carriers and other LNG infrastructure assets under long-term charters. The Company’s segments include Majority held FSRUs, Joint venture FSRUs and other. The Majority held FSRUs segment includes the direct financing lease related to the PT Perusahaan Gas Negara (Persero) Tbk (PGN) FSRU Lampung and the operating lease related to the Hoegh Gallant.
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