Analysts expect Hoegh LNG Partners LP (NYSE:HMLP) to announce sales of $37.36 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Hoegh LNG Partners’ earnings. The lowest sales estimate is $36.71 million and the highest is $38.00 million. Hoegh LNG Partners reported sales of $37.76 million during the same quarter last year, which indicates a negative year-over-year growth rate of 1.1%. The firm is scheduled to issue its next earnings results on Wednesday, February 26th.

According to Zacks, analysts expect that Hoegh LNG Partners will report full year sales of $143.80 million for the current fiscal year, with estimates ranging from $143.60 million to $144.00 million. For the next financial year, analysts forecast that the business will post sales of $143.99 million, with estimates ranging from $139.97 million to $148.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Hoegh LNG Partners.

Hoegh LNG Partners (NYSE:HMLP) last posted its earnings results on Thursday, November 21st. The shipping company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.22. The firm had revenue of $36.98 million for the quarter, compared to the consensus estimate of $36.93 million. Hoegh LNG Partners had a return on equity of 17.30% and a net margin of 34.64%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.51 earnings per share.

Several research firms have issued reports on HMLP. ValuEngine upgraded Hoegh LNG Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. DNB Markets upgraded Hoegh LNG Partners from a “sell” rating to a “hold” rating in a research report on Friday, November 22nd. Zacks Investment Research upgraded Hoegh LNG Partners from a “sell” rating to a “hold” rating in a research report on Friday, November 22nd. Finally, Citigroup downgraded Hoegh LNG Partners from a “buy” rating to a “sell” rating and lowered their price objective for the stock from $16.00 to $14.00 in a research report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Hoegh LNG Partners has a consensus rating of “Hold” and an average price target of $17.33.

Shares of NYSE:HMLP traded down $0.01 during trading on Friday, hitting $12.70. 119,719 shares of the company were exchanged, compared to its average volume of 179,991. The company has a market cap of $425.14 million, a PE ratio of 9.20, a P/E/G ratio of 7.06 and a beta of 1.15. The stock has a 50 day moving average of $15.24 and a 200 day moving average of $15.57. Hoegh LNG Partners has a 52-week low of $11.91 and a 52-week high of $19.98. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.92 and a quick ratio of 0.91.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be given a $0.44 dividend. The ex-dividend date is Wednesday, January 29th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 13.86%. Hoegh LNG Partners’s dividend payout ratio (DPR) is presently 96.70%.

Several hedge funds have recently modified their holdings of HMLP. Morgan Stanley lifted its holdings in Hoegh LNG Partners by 8.6% during the 2nd quarter. Morgan Stanley now owns 411,930 shares of the shipping company’s stock worth $7,127,000 after buying an additional 32,623 shares during the period. Trustcore Financial Services LLC lifted its holdings in Hoegh LNG Partners by 42.9% during the 3rd quarter. Trustcore Financial Services LLC now owns 10,000 shares of the shipping company’s stock worth $155,000 after buying an additional 3,000 shares during the period. Commonwealth Equity Services LLC lifted its holdings in Hoegh LNG Partners by 17.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 33,286 shares of the shipping company’s stock worth $514,000 after buying an additional 5,005 shares during the period. Sigma Planning Corp lifted its holdings in Hoegh LNG Partners by 13.6% during the 3rd quarter. Sigma Planning Corp now owns 33,090 shares of the shipping company’s stock worth $512,000 after buying an additional 3,961 shares during the period. Finally, Taylor Frigon Capital Management LLC lifted its holdings in Hoegh LNG Partners by 3.1% during the 3rd quarter. Taylor Frigon Capital Management LLC now owns 52,171 shares of the shipping company’s stock worth $807,000 after buying an additional 1,592 shares during the period. Institutional investors own 21.67% of the company’s stock.

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.

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