Hoegh LNG Partners LP (HMLP) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Hoegh LNG Partners LP (NYSE:HMLP) have been assigned an average recommendation of “Hold” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $19.75.

HMLP has been the topic of several analyst reports. Bank of America reaffirmed a “buy” rating and issued a $20.00 target price on shares of Hoegh LNG Partners in a report on Thursday, November 29th. ValuEngine raised shares of Hoegh LNG Partners from a “sell” rating to a “hold” rating in a report on Friday, November 30th. Zacks Investment Research raised shares of Hoegh LNG Partners from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Wednesday, January 16th. Nordea Equity Research cut shares of Hoegh LNG Partners from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. Finally, TheStreet raised shares of Hoegh LNG Partners from a “c+” rating to a “b-” rating in a report on Wednesday.

Shares of NYSE:HMLP opened at $18.92 on Friday. The company has a market capitalization of $625.87 million, a P/E ratio of 10.40, a PEG ratio of 0.91 and a beta of 0.98. Hoegh LNG Partners has a fifty-two week low of $14.50 and a fifty-two week high of $19.38. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.81 and a current ratio of 0.82.

Hoegh LNG Partners (NYSE:HMLP) last issued its earnings results on Wednesday, February 27th. The shipping company reported $0.44 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. The firm had revenue of $37.76 million for the quarter, compared to analysts’ expectations of $34.86 million. Hoegh LNG Partners had a net margin of 52.96% and a return on equity of 18.94%. As a group, analysts predict that Hoegh LNG Partners will post 1.77 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Taylor Frigon Capital Management LLC increased its stake in Hoegh LNG Partners by 1.3% in the fourth quarter. Taylor Frigon Capital Management LLC now owns 53,391 shares of the shipping company’s stock valued at $820,000 after purchasing an additional 700 shares during the last quarter. Citadel Advisors LLC increased its stake in Hoegh LNG Partners by 213.6% in the third quarter. Citadel Advisors LLC now owns 32,136 shares of the shipping company’s stock valued at $590,000 after purchasing an additional 21,887 shares during the last quarter. Bramshill Investments LLC increased its stake in Hoegh LNG Partners by 32.9% in the third quarter. Bramshill Investments LLC now owns 63,903 shares of the shipping company’s stock valued at $1,173,000 after purchasing an additional 15,816 shares during the last quarter. Nwam LLC increased its stake in Hoegh LNG Partners by 10.9% in the fourth quarter. Nwam LLC now owns 64,989 shares of the shipping company’s stock valued at $998,000 after purchasing an additional 6,372 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Hoegh LNG Partners by 15.1% in the third quarter. Renaissance Technologies LLC now owns 548,400 shares of the shipping company’s stock valued at $10,063,000 after purchasing an additional 71,900 shares during the last quarter. Institutional investors own 23.96% of the company’s stock.

Hoegh LNG Partners Company Profile

Höegh LNG Partners LP focuses on owning, operating, and acquiring floating storage and regasification units (FSRUs), liquefied natural gas (LNG) carriers, and other LNG infrastructure assets under long-term charters. The company also offers ship management services. As of March 31, 2018, it had a fleet of five FSRUs.

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Analyst Recommendations for Hoegh LNG Partners (NYSE:HMLP)

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