Hoegh LNG Partners (NYSE:HMLP) Posts Quarterly Earnings Results, Beats Expectations By $0.22 EPS

Hoegh LNG Partners (NYSE:HMLP) issued its quarterly earnings data on Thursday. The shipping company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.22, Briefing.com reports. Hoegh LNG Partners had a net margin of 34.64% and a return on equity of 17.02%. The company had revenue of $36.98 million during the quarter, compared to the consensus estimate of $36.93 million. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The firm’s revenue was down .9% compared to the same quarter last year.

Hoegh LNG Partners stock opened at $15.84 on Friday. The company has a market cap of $505.00 million, a P/E ratio of 8.54, a price-to-earnings-growth ratio of 10.35 and a beta of 1.02. Hoegh LNG Partners has a 1-year low of $14.01 and a 1-year high of $19.98. The company has a fifty day simple moving average of $15.56 and a 200 day simple moving average of $16.65. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.13.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 31st were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 11.11%. The ex-dividend date was Wednesday, October 30th. Hoegh LNG Partners’s dividend payout ratio (DPR) is currently 96.70%.

HMLP has been the subject of several research reports. Citigroup downgraded shares of 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. Zacks Investment Research raised shares of Hoegh LNG Partners from a “sell” rating to a “hold” rating in a research report on Friday. TheStreet downgraded shares of Hoegh LNG Partners from a “b-” rating to a “c+” rating in a research report on Thursday, August 8th. Barclays set a $17.00 price objective on shares of Hoegh LNG Partners and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Finally, DNB Markets raised shares of Hoegh LNG Partners from a “sell” rating to a “hold” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $18.40.

About Hoegh LNG Partners

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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Earnings History for Hoegh LNG Partners (NYSE:HMLP)

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