Hoegh LNG Partners is a floating liquefied natural gas (LNG) service provider. Co. owns, operates and acquires floating storage and regasification units (FSRUs), LNG carriers and other LNG infrastructure assets under long-term charters. Co. has two operating segments: Majority Held FSRUs and Joint Venture FSRUs. Co.'s Majority Held FSRUs segment includes the financing lease related to the PGN FSRU Lampung and the operating leases related to the Hoegh Gallant and the Hoegh Grace. Co.'s Joint Venture FSRUs segment includes FSRUs, the Neptune and the Cape Ann, that operate under long term time charters with one charterer. We show 1 historical shares outstanding datapoints in our HMLP shares outstanding history coverage, used to compute HMLP market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing HMLP market cap history over the course of time is important for investors
interested in comparing HMLP's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of HMLP versus a peer is one thing; comparing
HMLP market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like HMLP can fluctuate over the course of history.
With this page we aim to empower investors researching HMLP by allowing them to research the HMLP market cap history. |
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Video: The Importance of Market Cap
