Will stock surge before Earnings results? Hoegh LNG Partners Stock Forecast, Price & News (NYSE:HMLP)

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Earnings results for Hoegh LNG Partners Stock Forecast, Price & News (NYSE:HMLP)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at 0.35 and remained the same over the past month at 0.35. none raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at 1.51 and remained the same over the past month at 1.51 . none raised and none lowered their forecast.

Hoegh LNG Partners last posted its quarterly earnings data on May 28th, 2020. The shipping company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by $0.31. The firm earned $36.69 million during the quarter, compared to the consensus estimate of $36.70 million. Hoegh LNG Partners has generated $2.09 earnings per share over the last year and currently has a price-to-earnings ratio of 8.4. Hoegh LNG Partners has confirmed that its next quarterly earnings report will be published on Thursday, August 20th, 2020.

Analyst Opinion on Hoegh LNG Partners Stock Forecast, Price & News (NYSE:HMLP)

6 Wall Street analysts have issued ratings and price targets for Hoegh LNG Partners in the last 12 months. Their average twelve-month price target is $13.25, predicting that the stock has a possible upside of 31.06%. The high price target for HMLP is $17.00 and the low price target for HMLP is $10.00. There are currently 2 sell ratings, 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Hoegh LNG Partners has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on 2 buy ratings, 2 hold ratings, and 2 sell ratings. According to analysts’ consensus price target of $13.25, Hoegh LNG Partners has a forecasted upside of 31.1% from its current price of $10.11. Hoegh LNG Partners has only been the subject of 3 research reports in the past 90 days.

Dividend Strength: Hoegh LNG Partners Stock Forecast, Price & News (NYSE:HMLP)

Hoegh LNG Partners is a leading dividend payer. It pays a dividend yield of 17.41%, putting its dividend yield in the top 25% of dividend-paying stocks. Hoegh LNG Partners has only been increasing its dividend for 1 years. The dividend payout ratio of Hoegh LNG Partners is 84.21%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Hoegh LNG Partners will have a dividend payout ratio of 123.94% in the coming year. This indicates that Hoegh LNG Partners may not be able to sustain their current dividend.

Insiders buying/selling: Hoegh LNG Partners Stock Forecast, Price & News (NYSE:HMLP)

In the past three months, Hoegh LNG Partners insiders have not sold or bought any company stock. Only 20.01% of the stock of Hoegh LNG Partners is held by institutions.

Earnings and Valuation of Hoegh LNG Partners Stock Forecast, Price & News (NYSE:HMLP

Earnings for Hoegh LNG Partners are expected to decrease by -5.96% in the coming year, from $1.51 to $1.42 per share. The P/E ratio of Hoegh LNG Partners is 8.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 17.39. The P/E ratio of Hoegh LNG Partners is 8.36, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 18.94. Hoegh LNG Partners has a PEG Ratio of 1.85. PEG Ratios above 1 indicate that a company could be overvalued. Hoegh LNG Partners has a P/B Ratio of 1.00. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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