Hoegh LNG Partners (NYSE:HMLP) Announces Earnings Results

Hoegh LNG Partners (NYSE:HMLP) issued its quarterly earnings results on Thursday. The shipping company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.27), Briefing.com reports. The firm had revenue of $33.78 million for the quarter, compared to the consensus estimate of $35.27 million. Hoegh LNG Partners had a net margin of 38.82% and a return on equity of 17.42%. The business’s revenue was down 7.7% compared to the same quarter last year. During the same period last year, the company posted $0.53 EPS.

HMLP stock opened at $14.75 on Friday. The stock has a market capitalization of $496.59 million, a PE ratio of 9.44, a price-to-earnings-growth ratio of 8.12 and a beta of 0.98. The company’s 50-day moving average is $17.29 and its 200-day moving average is $18.11. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.99 and a quick ratio of 0.98. Hoegh LNG Partners has a 1 year low of $14.05 and a 1 year high of $19.98.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Thursday, August 1st were given a dividend of $0.44 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 11.93%. Hoegh LNG Partners’s dividend payout ratio (DPR) is presently 96.70%.

Several hedge funds have recently added to or reduced their stakes in HMLP. Trustcore Financial Services LLC boosted its position in shares of Hoegh LNG Partners by 52.5% during the 1st quarter. Trustcore Financial Services LLC now owns 6,100 shares of the shipping company’s stock worth $119,000 after purchasing an additional 2,100 shares in the last quarter. Osborn Williams & Donohoe LLC bought a new position in shares of Hoegh LNG Partners during the 1st quarter worth about $163,000. Virtu Financial LLC bought a new position in shares of Hoegh LNG Partners during the 1st quarter worth about $219,000. Concorde Asset Management LLC bought a new position in shares of Hoegh LNG Partners during the 1st quarter worth about $279,000. Finally, Marshall Wace LLP bought a new position in shares of Hoegh LNG Partners during the 2nd quarter worth about $299,000. 23.65% of the stock is currently owned by institutional investors.

A number of analysts have commented on the stock. TheStreet cut shares of Hoegh LNG Partners from a “b-” rating to a “c+” rating in a research report on Thursday, August 8th. Zacks Investment Research raised shares of Hoegh LNG Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, ValuEngine cut shares of Hoegh LNG Partners from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.80.

Hoegh LNG Partners Company Profile

Höegh LNG Partners LP focuses on owning, operating, and acquiring floating storage and regasification units (FSRUs), liquefied natural gas (LNG) carriers, and other LNG infrastructure assets under long-term charters. The company also offers ship management services. As of March 31, 2018, it had a fleet of five FSRUs.

Featured Story: Return on Equity (ROE)

Earnings History for Hoegh LNG Partners (NYSE:HMLP)

Receive News & Ratings for Hoegh LNG Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hoegh LNG Partners and related companies with MarketBeat.com's FREE daily email newsletter.