Headlines about Hoegh LNG Partners (NASDAQ:HMLP) have trended somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hoegh LNG Partners earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the shipping company an impact score of 45.7560976606761 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Hoegh LNG Partners (NASDAQ:HMLP) traded down 0.82% during trading on Friday, hitting $18.15. 43,655 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $19.13 and its 200 day moving average price is $19.38. The firm has a market cap of $597.33 million and a price-to-earnings ratio of 9.23. Hoegh LNG Partners has a 12-month low of $17.05 and a 12-month high of $20.65.
Hoegh LNG Partners (NASDAQ:HMLP) last posted its quarterly earnings data on Wednesday, May 24th. The shipping company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. The firm had revenue of $35.08 million during the quarter, compared to analysts’ expectations of $30.17 million. Hoegh LNG Partners had a return on equity of 33.57% and a net margin of 106.97%. Equities analysts forecast that Hoegh LNG Partners will post $1.64 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Thursday, August 3rd will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 9.48%. The ex-dividend date is Tuesday, August 1st.
Several equities research analysts recently commented on the stock. BidaskClub raised shares of Hoegh LNG Partners from a “sell” rating to a “hold” rating in a research note on Saturday, July 22nd. Zacks Investment Research lowered shares of Hoegh LNG Partners from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Barclays PLC upgraded shares of Hoegh LNG Partners from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $21.00 to $22.00 in a research note on Tuesday, July 18th. ValuEngine downgraded shares of Hoegh LNG Partners from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Morgan Stanley reissued an “overweight” rating and set a $20.50 price objective (down from $22.00) on shares of Hoegh LNG Partners in a report on Tuesday, June 13th. 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 company. The company has an average rating of “Hold” and a consensus price target of $21.10.
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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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