Hoegh LNG Partners LP (HMLP) Receives $19.80 Average Target Price from Analysts

Shares of Hoegh LNG Partners LP (NYSE:HMLP) have earned an average rating of “Hold” from the nine analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $19.80.

HMLP has been the subject of a number of recent analyst reports. DNB Markets downgraded Hoegh LNG Partners from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. ValuEngine downgraded Hoegh LNG Partners from a “hold” rating to a “sell” rating in a report on Wednesday, November 21st. Zacks Investment Research upgraded Hoegh LNG Partners from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Wednesday, October 10th. B. Riley began coverage on Hoegh LNG Partners in a report on Wednesday, September 5th. They set a “buy” rating and a $21.00 price target for the company. Finally, Berenberg Bank began coverage on shares of Hoegh LNG Partners in a research report on Thursday, September 6th. They set a “hold” rating and a $19.00 price objective on the stock.

Several hedge funds have recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Hoegh LNG Partners by 1.8% during the 2nd quarter. FMR LLC now owns 1,975,906 shares of the shipping company’s stock worth $35,468,000 after purchasing an additional 34,900 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Hoegh LNG Partners by 15.1% during the 3rd quarter. Renaissance Technologies LLC now owns 548,400 shares of the shipping company’s stock worth $10,063,000 after purchasing an additional 71,900 shares in the last quarter. Green Square Capital LLC boosted its position in shares of Hoegh LNG Partners by 42.3% during the 2nd quarter. Green Square Capital LLC now owns 144,309 shares of the shipping company’s stock worth $2,590,000 after purchasing an additional 42,876 shares in the last quarter. Bramshill Investments LLC boosted its position in shares of Hoegh LNG Partners by 32.9% during the 3rd quarter. Bramshill Investments LLC now owns 63,903 shares of the shipping company’s stock worth $1,173,000 after purchasing an additional 15,816 shares in the last quarter. Finally, Citadel Advisors LLC lifted its position in Hoegh LNG Partners by 213.6% in the 3rd quarter. Citadel Advisors LLC now owns 32,136 shares of the shipping company’s stock valued at $590,000 after acquiring an additional 21,887 shares in the last quarter. 26.56% of the stock is currently owned by institutional investors.

Hoegh LNG Partners stock traded up $0.03 during trading hours on Monday, reaching $15.85. 94,020 shares of the company’s stock were exchanged, compared to its average volume of 127,453. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 1.10. Hoegh LNG Partners has a twelve month low of $15.32 and a twelve month high of $19.85. The company has a market cap of $523.39 million, a P/E ratio of 11.65, a PEG ratio of 0.64 and a beta of 0.81.

Hoegh LNG Partners (NYSE:HMLP) last issued its quarterly earnings results on Thursday, August 23rd. The shipping company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.13. Hoegh LNG Partners had a return on equity of 14.66% and a net margin of 46.62%. The firm had revenue of $36.61 million during the quarter, compared to the consensus estimate of $36.19 million. During the same period last year, the business posted $0.30 EPS. The business’s revenue was up 4.5% compared to the same quarter last year. Equities research analysts forecast that Hoegh LNG Partners will post 1.68 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 14th. Stockholders of record on Thursday, November 1st were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Wednesday, October 31st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 11.10%. Hoegh LNG Partners’s dividend payout ratio (DPR) is presently 129.41%.

About Hoegh LNG Partners

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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