Shares of Hoegh LNG Partners LP (NYSE:HMLP) have received an average rating of “Buy” from the nine research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $20.83.
Several equities research analysts have recently weighed in on HMLP shares. ValuEngine raised shares of Hoegh LNG Partners from a “sell” rating to a “hold” rating in a research note on Thursday, June 21st. Bank of America reduced their target price on shares of 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. B. Riley started coverage on shares of Hoegh LNG Partners in a research note on Thursday, May 17th. They issued a “buy” rating and a $21.00 target price on the stock. Finally, Zacks Investment Research raised shares of Hoegh LNG Partners from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Tuesday, June 5th.
Shares of HMLP traded down $0.15 during midday trading on Friday, hitting $18.05. The stock had a trading volume of 88,500 shares, compared to its average volume of 131,053. Hoegh LNG Partners has a 1 year low of $15.32 and a 1 year high of $20.00. The company has a market cap of $598.82 million, a P/E ratio of 13.27, a P/E/G ratio of 0.75 and a beta of 0.91. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.14.
Hoegh LNG Partners (NYSE:HMLP) last announced its earnings results on Thursday, May 31st. The shipping company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.02. Hoegh LNG Partners had a net margin of 39.78% and a return on equity of 11.64%. The business had revenue of $34.89 million for the quarter, compared to the consensus estimate of $35.08 million. analysts predict that Hoegh LNG Partners will post 1.68 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC bought a new position in shares of Hoegh LNG Partners in the first quarter worth about $194,000. Engineers Gate Manager LP bought a new position in shares of Hoegh LNG Partners in the first quarter worth about $320,000. Trexquant Investment LP grew its holdings in shares of Hoegh LNG Partners by 91.2% in the first quarter. Trexquant Investment LP now owns 20,713 shares of the shipping company’s stock worth $336,000 after purchasing an additional 9,882 shares during the last quarter. Bard Associates Inc. grew its holdings in shares of Hoegh LNG Partners by 30.3% in the first quarter. Bard Associates Inc. now owns 22,363 shares of the shipping company’s stock worth $362,000 after purchasing an additional 5,200 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Hoegh LNG Partners in the first quarter worth about $539,000. Hedge funds and other institutional investors own 30.79% 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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