22 Sep

What Analysts Think about Hoegh LNG Partners

WRITTEN BY Sue Goodridge

2Q17 earnings

In August 2017, Hoegh LNG Partners (HMLP), which provides floating LNG services under long-term contracts, released its second quarter earnings. The company reported revenue of $35 million in 2Q17, up from $22.8 million in 2Q16. It earned an operating income and net income of $23.1 million and $12.2 million, respectively. Hoegh LNG Partners paid a dividend of $0.43 per share, which is equivalent to $1.72 per share on an annualized basis. HMLP’s total distributions amounted to $14.4 million, and its distributable cash flow was $15.2 million. Thus, it has a dividend payout ratio of more than one, which is considered healthy.

What Analysts Think about Hoegh LNG Partners

Consensus rating

The consensus rating on Hoegh LNG Partners is 1.4, which means a “strong buy.” The consensus ratings for other LNG (UNG) carrier companies are as follows:

  • Dynagas LNG Partners (DLNG): 2.1 (buy)
  • Teekay LNG Partners (TGP): 2.3 (buy)
  • Gaslog Partners (GLOP): 1.8 (buy)
  • Golar LNG Partners (GMLP): 2.4 (buy)

Analyst recommendations

Nine analysts cover Hoegh LNG Partners (HMLP). All the analysts are bullish on the stock. Five analysts recommend a “strong buy,” and four analysts recommend a “buy” for HMLP. None of the analysts gave a “hold,” “sell,” or “strong sell” rating to the stock. In 2017, only one analyst revised their recommendation for HMLP. Barclays upgraded the stock to “overweight” in July.

The consensus 12-month target price on HMLP is $21.96. Compared to the current market price of $18.4 on September 18, the target price implies a potential upside of 19%.

In the next part of the series, we’ll look at analyst recommendations for Gaslog and Gaslog Partners.

Latest articles

20 Jun

Will Refiners’ Earnings Plunge in 2019?

WRITTEN BY Maitali Ramkumar

Wall Street analysts expect refining firms' earnings to fall in 2019. Delek US Holdings (DK) and Valero Energy’s (VLO) earnings are estimated to fall less than 10% in 2019. However, the EPS of Marathon Petroleum (MPC), HollyFrontier (HFC), and Phillips 66 (PSX) are expected to fall 20%–40% this year.

After remaining tepid for the first four months of the year, gold prices have taken off in a big way. The initial impetus was provided by a tweet made by President Donald Trump on May 5, which revived trade tensions in a big way.

20 Jun

How Are Charter’s Revenues Trending in 2019?

WRITTEN BY Ambrish Shah

In the first quarter, Charter Communications (CHTR) reported total revenues of $11.2 billion—a rise of 5.2% year-over-year and $7 million ahead of the consensus estimate.

This morning before the market opened, Tesla (TSLA) was trading on a negative note despite a sharp rise in index futures. As of 9:10 AM ET, Tesla stock had fallen 1.2% in the pre-market session to $234.74 after Goldman Sachs cut the target price on the company by about 21%.

The US-China trade war has already given a scare to Apple’s (AAPL) investors vis-à-vis the possibility of a 25% tariff on Apple goods being imported from its Chinese facilities. As a result, Apple might be considering shifting its plants out of China.

Yesterday, Greenlane Holdings (GNLN) fell a whopping 17.1%. The stock has now fallen 28% this month, and it hit its all-time low yesterday. Greenlane Holdings listed in April and priced its IPO at $17 per share. However, since the stock surged more than 25% after its listing, it has been a sorry story for Greenlane Holdings investors.

172.31.59.107