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. As of March 31, 2022, it had a fleet of five FSRUs. Höegh LNG GP LLC is the general partner of the company. The company was incorporated in 2014 and is headquartered in Hamilton, Bermuda.
Höegh LNG Partners Stock Up 0.4 %
Shares of NYSE:HMLP traded up $0.04 during trading on Tuesday, reaching $9.17. 2,844 shares of the stock were exchanged, compared to its average volume of 68,817. The business's 50-day moving average price is $9.06 and its 200 day moving average price is $6.89. Höegh LNG Partners has a twelve month low of $3.77 and a twelve month high of $9.20. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $306.00 million, a price-to-earnings ratio of 7.48 and a beta of 1.42.
Höegh LNG Partners (NYSE:HMLP - Get Rating) last posted its earnings results on Wednesday, May 25th. The shipping company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.05). Höegh LNG Partners had a return on equity of 13.49% and a net margin of 39.72%. The firm had revenue of $35.31 million for the quarter, compared to analyst estimates of $34.74 million. During the same period in the previous year, the firm posted $0.38 earnings per share. As a group, equities analysts forecast that Höegh LNG Partners will post 1.5 EPS for the current fiscal year.
Höegh LNG Partners Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Monday, August 1st will be issued a $0.01 dividend. The ex-dividend date is Friday, July 29th. This represents a $0.04 annualized dividend and a yield of 0.44%. Höegh LNG Partners's dividend payout ratio is presently 3.28%.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. Stifel Nicolaus downgraded shares of Höegh LNG Partners from a "buy" rating to a "hold" rating in a research note on Wednesday, May 25th. Citigroup upgraded shares of Höegh LNG Partners from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $4.25 to $9.25 in a research note on Wednesday, May 25th. Finally, StockNews.com raised shares of Höegh LNG Partners from a "hold" rating to a "buy" rating in a research report on Monday, June 6th.