Analysts Set Hoegh LNG Partners LP (NYSE:HMLP) Target Price at $19.50
Shares of Hoegh LNG Partners LP (NYSE:HMLP) have received a consensus recommendation of “Hold” from the six brokerages that are covering the firm. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $19.50.
Several brokerages have commented on HMLP. Barclays PLC increased their target price on Hoegh LNG Partners from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 30th. Citigroup Inc. increased their target price on Hoegh LNG Partners from $18.50 to $21.00 and gave the company a “buy” rating in a research note on Friday, August 26th.
Hoegh LNG Partners (NYSE:HMLP) opened at 18.46 on Friday. Hoegh LNG Partners has a 12 month low of $11.50 and a 12 month high of $19.56. The stock has a 50 day moving average price of $18.22 and a 200 day moving average price of $18.01. The stock has a market capitalization of $485.90 million, a PE ratio of 19.21 and a beta of 0.95.
Hoegh LNG Partners Company Profile
Hoegh LNG Partners LP is a Bermuda-based limited partnership formed by Hoegh LNG Holdings Ltd. (HLNG), a floating LNG (liquefied natural gas) service provider. The Company owns and operates floating storage and regasification units (FSRUs) under long-term charters. The Company operates through two segments: Majority Held FSRUs and Joint Venture FSRUs.
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