Hoegh LNG Partners (NASDAQ:HMLP) will release its Q316 earnings data on Thursday, November 17th. Analysts expect Hoegh LNG Partners to post earnings of $0.36 per share and revenue of $23.11 million for the quarter.

Hoegh LNG Partners (NASDAQ:HMLP) last announced its quarterly earnings results on Thursday, August 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.26. The business earned $22.80 million during the quarter, compared to analyst estimates of $23.47 million. On average, analysts expect Hoegh LNG Partners to post $1.15 EPS for the current fiscal year and $1.95 EPS for the next fiscal year.

Hoegh LNG Partners (NASDAQ:HMLP) opened at 18.75 on Wednesday. The company has a market cap of $493.54 million and a price-to-earnings ratio of 19.51. The firm has a 50-day moving average price of $18.12 and a 200 day moving average price of $18.16. Hoegh LNG Partners has a one year low of $11.50 and a one year high of $19.56.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Friday, November 4th were issued a dividend of $0.4125 per share. The ex-dividend date was Wednesday, November 2nd. This represents a $1.65 dividend on an annualized basis and a yield of 8.80%.

An institutional investor recently raised its position in Hoegh LNG Partners stock. Morgan Stanley boosted its position in Hoegh LNG Partners (NASDAQ:HMLP) by 7.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,644 shares of the company’s stock after buying an additional 1,954 shares during the period. Morgan Stanley owned approximately 0.11% of Hoegh LNG Partners worth $539,000 at the end of the most recent quarter.

HMLP has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Hoegh LNG Partners from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Tuesday, October 25th. Barclays PLC restated an “equal weight” rating and set a $20.00 price target (up previously from $19.00) on shares of Hoegh LNG Partners in a report on Tuesday, August 30th. Morgan Stanley upgraded Hoegh LNG Partners from an “equal weight” rating to an “overweight” rating in a report on Wednesday, November 2nd. Finally, Citigroup Inc. restated a “buy” rating and set a $21.00 price target (up previously from $18.50) on shares of Hoegh LNG Partners in a report on Friday, August 26th.

Hoegh LNG Partners Company Profile

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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