Press coverage about Hoegh LNG Partners (NASDAQ:HMLP) has trended somewhat positive on Monday, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hoegh LNG Partners earned a daily sentiment score of 0.05 on Accern’s scale. Accern also assigned news headlines about the shipping company an impact score of 47.9620664076902 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several equities analysts recently issued reports on HMLP shares. Citigroup Inc. upped their price objective on shares of Hoegh LNG Partners from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, August 25th. TheStreet raised shares of Hoegh LNG Partners from a “d” rating to a “c+” rating in a research note on Monday, August 7th. ValuEngine downgraded shares of Hoegh LNG Partners from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research raised shares of Hoegh LNG Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Finally, BidaskClub raised shares of Hoegh LNG Partners from a “sell” rating to a “hold” rating in a research note on Saturday, July 22nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $21.30.
Hoegh LNG Partners (NASDAQ:HMLP) remained flat at $18.45 during trading on Monday. The company had a trading volume of 11,729 shares. Hoegh LNG Partners has a 52 week low of $17.05 and a 52 week high of $20.65. The company has a 50 day moving average of $18.59 and a 200 day moving average of $19.21. The firm has a market cap of $607.37 million and a PE ratio of 9.06.
Hoegh LNG Partners (NASDAQ:HMLP) last announced its quarterly earnings data on Thursday, August 24th. The shipping company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.08). Hoegh LNG Partners had a net margin of 34.87% and a return on equity of 13.48%. The company had revenue of $35.02 million for the quarter, compared to analysts’ expectations of $31.94 million. On average, equities research analysts forecast that Hoegh LNG Partners will post $1.49 earnings per share for the current fiscal 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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