Hoegh LNG Partners LP (NASDAQ:HMLP) announced a quarterly dividend on Friday, October 20th, Wall Street Journal reports. Shareholders of record on Thursday, November 2nd will be paid a dividend of 0.43 per share by the shipping company on Tuesday, November 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 9.01%. The ex-dividend date of this dividend is Wednesday, November 1st.
Shares of Hoegh LNG Partners (NASDAQ:HMLP) opened at 19.10 on Tuesday. Hoegh LNG Partners has a one year low of $17.05 and a one year high of $20.65. The firm has a market cap of $628.77 million and a P/E ratio of 9.38. The firm has a 50 day moving average price of $18.86 and a 200-day moving average price of $19.05.
Hoegh LNG Partners (NASDAQ:HMLP) last released its quarterly earnings results on Thursday, August 24th. The shipping company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The firm had revenue of $35.02 million for the quarter, compared to analysts’ expectations of $31.94 million. Hoegh LNG Partners had a net margin of 34.87% and a return on equity of 13.48%. Analysts forecast that Hoegh LNG Partners will post $1.45 earnings per share for the current year.
A number of research firms have recently commented on HMLP. TheStreet upgraded shares of Hoegh LNG Partners from a “d” rating to a “c+” rating in a research report on Monday, August 7th. Zacks Investment Research upgraded shares of Hoegh LNG Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. BidaskClub lowered shares of Hoegh LNG Partners from a “sell” rating to a “strong sell” rating in a research report on Friday, October 6th. ValuEngine upgraded shares of Hoegh LNG Partners from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Barclays PLC upgraded shares of Hoegh LNG Partners from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $21.00 to $22.00 in a research report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $21.63.
About Hoegh LNG Partners
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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