Hoegh LNG Partners LP (NASDAQ:HMLP) was upgraded by investment analysts at TheStreet from a “d” rating to a “c+” rating in a report released on Monday.

HMLP has been the subject of several other research reports. ValuEngine downgraded Hoegh LNG Partners from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub upgraded Hoegh LNG Partners from a “sell” rating to a “hold” rating in a research report on Saturday, July 8th. Morgan Stanley restated an “overweight” rating and set a $20.50 target price (down previously from $22.00) on shares of Hoegh LNG Partners in a research report on Tuesday, June 13th. Zacks Investment Research downgraded Hoegh LNG Partners from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Finally, Barclays PLC upgraded Hoegh LNG Partners from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $21.00 to $22.00 in a research report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Hoegh LNG Partners has an average rating of “Hold” and a consensus target price of $21.10.

Shares of Hoegh LNG Partners (NASDAQ HMLP) opened at 18.60 on Monday. Hoegh LNG Partners has a 52-week low of $17.05 and a 52-week high of $20.65. The company’s 50 day moving average price is $19.17 and its 200 day moving average price is $19.40. The firm has a market capitalization of $612.14 million and a price-to-earnings ratio of 9.46.

Hoegh LNG Partners (NASDAQ:HMLP) last posted its earnings results on Wednesday, May 24th. The shipping company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.04. The business 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%. Analysts forecast that Hoegh LNG Partners will post $1.64 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Hoegh LNG Partners LP (NASDAQ:HMLP) Upgraded at TheStreet” was reported by Daily Political and is the property of of Daily Political. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.dailypolitical.com/2017/08/09/hoegh-lng-partners-lp-nasdaqhmlp-upgraded-at-thestreet.html.

Institutional investors have recently bought and sold shares of the company. Kayne Anderson Capital Advisors LP increased 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 valued at $44,283,000 after buying an additional 460,400 shares during the last quarter. Van ECK Associates Corp acquired a new position in shares of Hoegh LNG Partners during the first quarter valued at about $2,835,000. Stifel Financial Corp acquired a new position in shares of Hoegh LNG Partners during the first quarter valued at about $354,000. Green Square Capital LLC increased 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 valued at $1,462,000 after buying an additional 49,983 shares during the last quarter. Finally, UBS Group AG increased its position in shares of Hoegh LNG Partners by 27.1% in the first quarter. UBS Group AG now owns 9,268 shares of the shipping company’s stock valued at $182,000 after buying an additional 1,978 shares during the last quarter.

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)

Receive News & Ratings for Hoegh LNG Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hoegh LNG Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.