|Over a week ago|
Hoegh LNG Partners upgraded to Overweight from Equal Weight at Barclays » 04:4207/1607/16/20
Barclays analyst Theresa…
Barclays analyst Theresa Chen upgraded Hoegh LNG Partners to Overweight from Equal Weight with a $12 price target.
|Over a month ago|
Hoegh LNG Partners reports Q1 EPS 4c, consensus 37c » 06:3505/2805/28/20
Reports Q1 revenue…
Reports Q1 revenue $36.7M, consensus $36.56M. Steffen Foreid, CEO and CFO stated: "We have implemented measures to mitigate the risks from the COVID-19 pandemic and ensure the health and safety of our crews and staff, whose wellbeing are our highest priority. All our crew and staff have continued to work hard to deliver what is required in these unprecedented circumstances caused by the COVID-19 pandemic. As a result, Hoegh LNG Partners delivered consistent operational excellence and achieved 100% availability of our FRSUs, ensuring strong distribution coverage from our long-term, fixed-rate contracts. With the execution of our 5-year option for the Hoegh Gallant during the quarter, we have further ensured the long-term stability of the partnership's cash flows. With more than 9 years of average remaining contracted duration, Hoegh LNG Partners is well positioned to continue providing our unitholders with predictable distributions."
Hoegh LNG Partners downgraded to Sell from Buy at Danske Bank » 05:0705/2605/26/20
Danske Bank analyst…
Danske Bank analyst Anders Karlsen double downgraded Hoegh LNG Partners to Sell from Buy.
|Over a quarter ago|
Hoegh LNG Partners provided an update on the challenges posed by COVID-19 » 16:2003/2403/24/20
In light of the ongoing…
In light of the ongoing Covid-19 virus situation, Hoegh LNG Partners LP's sponsor, Hoegh LNG Holdings provided an update on how the Hoegh LNG Group is dealing with the associated challenges: operations and customers. The Hoegh LNG Group has implemented a number of mitigating measures to secure the health and safety of its employees and ensuring safe and continued operations for its customers. The list of measures includes, but is not limited to: the establishment of a Covid-19 task force monitoring the situation and performing relevant risk assessment on a continuous basis; the implementation of a work from home policy for all onshore employees on a worldwide basis; a "Lock down" on all vessels with no crew rotation and no visitors allowed onboard until further notice; the activation of the Hoegh LNG Group's crisis management plan. As of today, there are no known cases of coronavirus infection for any employees in the Hoegh LNG Group's offices or on any of its assets.
Hoegh LNG trading resumes 10:3303/1803/18/20
Hoegh LNG trading halted, volatility trading pause 10:2503/1803/18/20
Hoegh LNG trading resumes 10:0503/0903/09/20
Hoegh LNG trading halted, volatility trading pause 09:5803/0903/09/20
Hoegh LNG Partners reports preliminary Q4 EPS 44c, consensus 39c » 06:3602/2702/27/20
Reports preliminary Q4…
Reports preliminary Q4 revenue $38.54M, consensus $37.03M. Steffen Foreid, CEO and CFO stated: "Hoegh LNG Partner's assets performed according to contract during the fourth quarter, resulting in a robust coverage ratio despite historical property taxes weighting on the result. More broadly, global trade in LNG continues to increase year-on-year, which together with competitive LNG pricing is having a positive impact on the demand for regasification services. With an established platform of long-term contracts, Hoegh LNG Partners is in a strong position to maintain its leadership position in the FSRU sector and to grow as acquisition opportunities crystalize."
Hoegh LNG Partners upgraded to Hold from Sell at DNB Markets » 09:3311/2211/22/19
DNB Markets analyst Mats…
DNB Markets analyst Mats Bye upgraded Hoegh LNG Partners to Hold from Sell.