Shares of Hoegh LNG Partners LP (NYSE:HMLP) have received a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $20.60.
Several research analysts have recently commented on HMLP shares. Zacks Investment Research raised Hoegh LNG Partners from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 7th. ValuEngine downgraded Hoegh LNG Partners from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Bank of America decreased their price objective on Hoegh LNG Partners from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, March 2nd. Finally, Morgan Stanley decreased their price objective on Hoegh LNG Partners from $20.50 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, February 12th.
Shares of Hoegh LNG Partners (NYSE HMLP) traded down $0.10 during trading hours on Wednesday, reaching $16.60. The company’s stock had a trading volume of 251,838 shares, compared to its average volume of 139,718. The stock has a market capitalization of $330.21, a PE ratio of 11.37, a price-to-earnings-growth ratio of 0.84 and a beta of 0.89. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.73 and a quick ratio of 0.72. Hoegh LNG Partners has a fifty-two week low of $16.42 and a fifty-two week high of $20.65.
Hoegh LNG Partners (NYSE:HMLP) last announced its earnings results on Wednesday, February 28th. The shipping company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.23. The business had revenue of $37.60 million for the quarter, compared to analysts’ expectations of $36.21 million. Hoegh LNG Partners had a return on equity of 10.71% and a net margin of 33.99%. Hoegh LNG Partners’s revenue was up 61.4% compared to the same quarter last year. equities analysts forecast that Hoegh LNG Partners will post 1.48 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the stock. FNY Partners Fund LP bought a new stake in Hoegh LNG Partners during the 4th quarter valued at approximately $214,000. SeaCrest Wealth Management LLC bought a new stake in Hoegh LNG Partners during the 4th quarter valued at approximately $475,000. CNA Financial Corp raised its stake in Hoegh LNG Partners by 20.7% during the 4th quarter. CNA Financial Corp now owns 30,967 shares of the shipping company’s stock valued at $578,000 after purchasing an additional 5,318 shares during the period. Raymond James & Associates raised its stake in Hoegh LNG Partners by 15.1% during the 4th quarter. Raymond James & Associates now owns 36,610 shares of the shipping company’s stock valued at $683,000 after purchasing an additional 4,810 shares during the period. Finally, M&T Bank Corp bought a new stake in Hoegh LNG Partners during the 4th quarter valued at approximately $812,000. 60.71% of the stock is currently owned by institutional investors.
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About Hoegh LNG Partners
Hoegh LNG Partners LP owns, operates and acquires floating storage and regasification units (FSRUs), liquefied natural gas (LNG) carriers and other LNG infrastructure assets under long-term charters. The Company’s segments include Majority held FSRUs, Joint venture FSRUs and other. The Majority held FSRUs segment includes the direct financing lease related to the PT Perusahaan Gas Negara (Persero) Tbk (PGN) FSRU Lampung and the operating lease related to the Hoegh Gallant.
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