Positive Press Coverage Likely to Impact Hoegh LNG Partners (HMLP) Stock Price
Press coverage about Hoegh LNG Partners (NASDAQ:HMLP) has trended positive on Friday, Alpha One Sentiment Analysis reports. The research group, a unit of Accern, scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Alpha One 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 news impact score of 0.47 on Alpha One’s scale. Alpha One also gave headlines about the shipping company an impact score of 66 out of 100, indicating that recent press coverage is likely to have an effect on the company’s share price in the near future.
A number of analysts have recently issued reports on the stock. Barclays PLC set a $21.00 price objective on shares of Hoegh LNG Partners and gave the stock a “hold” rating in a research note on Monday, March 13th. Zacks Investment Research raised shares of Hoegh LNG Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, February 13th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $21.20.
Hoegh LNG Partners (NASDAQ:HMLP) opened at 19.40 on Friday. The stock has a market capitalization of $638.47 million and a PE ratio of 12.54. The company’s 50-day moving average is $19.82 and its 200 day moving average is $19.09. Hoegh LNG Partners has a 1-year low of $16.67 and a 1-year high of $20.65.
Hoegh LNG Partners (NASDAQ:HMLP) last released its earnings results on Tuesday, February 28th. The shipping company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.06. The firm had revenue of $23.31 million for the quarter, compared to analyst estimates of $21.54 million. Equities analysts predict that Hoegh LNG Partners will post $1.77 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Thursday, May 4th will be issued a dividend of $0.43 per share. This is a positive change from Hoegh LNG Partners’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Tuesday, May 2nd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.87%.
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.