Hoegh LNG Partners LP (NASDAQ:HMLP) has been assigned a consensus rating of “Hold” from the eight research firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $21.38.

HMLP has been the subject of a number of recent research reports. ValuEngine downgraded Hoegh LNG Partners from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Morgan Stanley restated an “overweight” rating and issued a $20.50 target price (down previously from $22.00) on shares of Hoegh LNG Partners in a research report on Tuesday, June 13th. BidaskClub upgraded Hoegh LNG Partners from a “sell” rating to a “hold” rating in a research report on Saturday, July 8th. Barclays PLC upgraded Hoegh LNG Partners from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $21.00 to $22.00 in a research report on Tuesday, July 18th. Finally, Zacks Investment Research downgraded Hoegh LNG Partners from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 25th.

A number of institutional investors have recently made changes to their positions in HMLP. Kayne Anderson Capital Advisors LP boosted its position in shares of Hoegh LNG Partners by 25.7% in the first quarter. Kayne Anderson Capital Advisors LP now owns 2,254,053 shares of the shipping company’s stock worth $44,283,000 after buying an additional 460,400 shares during the period. Van ECK Associates Corp bought a new position in shares of Hoegh LNG Partners during the first quarter worth approximately $2,835,000. Renaissance Technologies LLC boosted its position in shares of Hoegh LNG Partners by 70.0% in the first quarter. Renaissance Technologies LLC now owns 112,097 shares of the shipping company’s stock worth $2,203,000 after buying an additional 46,140 shares during the period. Bank of America Corp DE boosted its position in shares of Hoegh LNG Partners by 179.6% in the first quarter. Bank of America Corp DE now owns 108,659 shares of the shipping company’s stock worth $2,135,000 after buying an additional 69,793 shares during the period. Finally, Green Square Capital LLC boosted its position in shares of Hoegh LNG Partners by 204.6% in the first quarter. Green Square Capital LLC now owns 74,413 shares of the shipping company’s stock worth $1,462,000 after buying an additional 49,983 shares during the period.

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Hoegh LNG Partners (NASDAQ:HMLP) remained flat at $18.75 on Tuesday. 20,276 shares of the company traded hands. Hoegh LNG Partners has a 52-week low of $17.05 and a 52-week high of $20.65. The company has a 50-day moving average of $19.15 and a 200-day moving average of $19.41. The company has a market cap of $617.08 million and a PE ratio of 9.53.

Hoegh LNG Partners (NASDAQ:HMLP) last released its earnings results on Wednesday, May 24th. The shipping company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.04. The company had revenue of $35.08 million during the quarter, compared to the consensus estimate of $30.17 million. Hoegh LNG Partners had a return on equity of 33.57% and a net margin of 106.97%. On average, analysts anticipate that Hoegh LNG Partners will post $1.64 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Thursday, August 3rd will be paid a $0.43 dividend. The ex-dividend date is Tuesday, August 1st. This represents a $1.72 dividend on an annualized basis and a yield of 9.17%.

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.

Analyst Recommendations for Hoegh LNG Partners (NASDAQ:HMLP)

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