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Higher Earnings Estimated for Hoegh LNG Partners in 2016 and 2017

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Jan. 30 2017, Updated 7:36 a.m. ET

Consensus recommendations

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.

Hoegh LNG Partners’ peers such as Golar LNG Partners (GMLP), Teekay LNG Partners (TGP), GasLog Partners (GLOP), and Golar LNG (GLNG) also don’t have any “sell” or “strong sell” recommendations.

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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.

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