Hoegh LNG Partners LP (NYSE:HMLP) has been given an average rating of “Hold” by the eight research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $20.60.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Hoegh LNG Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. ValuEngine cut shares of Hoegh LNG Partners from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Morgan Stanley dropped their price target on shares of 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. Finally, Bank of America dropped their price target 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.
Institutional investors have recently added to or reduced their stakes in the stock. FNY Partners Fund LP acquired a new stake in Hoegh LNG Partners in the 4th quarter valued at $214,000. SeaCrest Wealth Management LLC acquired a new stake in Hoegh LNG Partners during the 4th quarter worth $475,000. CNA Financial Corp boosted 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 worth $578,000 after purchasing an additional 5,318 shares during the last quarter. Raymond James & Associates boosted 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 worth $683,000 after purchasing an additional 4,810 shares during the last quarter. Finally, M&T Bank Corp acquired a new stake in Hoegh LNG Partners during the 4th quarter worth $812,000. 60.71% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Hoegh LNG Partners (NYSE:HMLP) traded down $0.50 during midday trading on Wednesday, hitting $16.10. 293,020 shares of the stock were exchanged, compared to its average volume of 120,861. The firm has a market cap of $328.23, a PE ratio of 11.03, a price-to-earnings-growth ratio of 0.84 and a beta of 0.89. Hoegh LNG Partners has a twelve month low of $16.10 and a twelve month high of $20.65. The company has a quick ratio of 0.72, a current ratio of 0.73 and a debt-to-equity ratio of 1.20.
Hoegh LNG Partners (NYSE:HMLP) last issued its quarterly earnings data on Wednesday, February 28th. The shipping company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 33.99% and a return on equity of 10.71%. The business’s revenue was up 61.4% compared to the same quarter last year. equities analysts forecast that Hoegh LNG Partners will post 1.48 EPS for the current year.
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Hoegh LNG Partners Company Profile
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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