In December 2016, Stifel initiated coverage of Hoegh LNG Partners (HMLP). Nine analysts are now giving recommendations for HMLP. Of those nine analysts, six have recommended a “strong buy,” two have recommended a “buy,” and only one has suggested a “hold.” None of the analysts have given the company a “sell” or “strong sell” rating.
Revenue and earnings estimate
Wall Street analysts expect Hoegh LNG Partners’ 4Q16 revenue to be $23.0 million, which is similar to its 3Q16 revenues. For the first quarter of 2017, analysts expect a 38.0% year-over year rise in revenues to $30.0 million.
HMLP’s revenues for 2016 are expected to be $91.0 million, which is 59.0% higher than $57.0 million in 2015. A further rise is expected in 2017. Estimated revenue for 2017 stands at $139.0 million.
Hoegh LNG Partners’ revenues as well as EBITDA (earnings before interest, tax, depreciation, and amortization) are expected to rise. Analysts have estimated 2016 EBITDA to be $90.0 million, a rise of 61.0% from $56.0 million in 2015. Going forward in 2017, EBITDA is estimated to be $138.0 million.