News stories about Hoegh LNG Partners (NYSE:HMLP) have trended somewhat negative on Sunday, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than twenty 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 news sentiment score of -0.03 on Accern’s scale. Accern also assigned press coverage about the shipping company an impact score of 44.7947783309161 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several equities research analysts recently issued reports on HMLP shares. Zacks Investment Research downgraded Hoegh LNG Partners from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. ValuEngine downgraded Hoegh LNG Partners from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. BTIG Research started coverage on Hoegh LNG Partners in a report on Wednesday, July 18th. They issued a “neutral” rating on the stock. B. Riley set a $21.00 price objective on Hoegh LNG Partners and gave the company a “buy” rating in a report on Saturday, June 9th. Finally, DNB Markets downgraded Hoegh LNG Partners from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $20.60.
Hoegh LNG Partners traded up $0.10, hitting $17.90, on Friday, according to Marketbeat. 71,855 shares of the company were exchanged, compared to its average volume of 149,628. Hoegh LNG Partners has a twelve month low of $15.32 and a twelve month high of $19.85. The stock has a market capitalization of $588.90 million, a price-to-earnings ratio of 13.16, a PEG ratio of 0.69 and a beta of 0.90. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.86 and a quick ratio of 0.85.
Hoegh LNG Partners (NYSE:HMLP) last released its earnings results on Thursday, May 31st. The shipping company reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.02. Hoegh LNG Partners had a return on equity of 11.64% and a net margin of 39.78%. The firm had revenue of $34.89 million during the quarter, compared to analysts’ expectations of $35.08 million. research analysts anticipate that Hoegh LNG Partners will post 1.8 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 14th. Investors of record on Thursday, August 2nd will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Wednesday, August 1st. This represents a $1.76 annualized dividend and a yield of 9.83%. Hoegh LNG Partners’s payout ratio is 129.41%.
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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