Hoegh LNG Partners (NYSE:HMLP) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

A number of other research firms have also weighed in on HMLP. DNB Markets lowered shares of Hoegh LNG Partners from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. Zacks Investment Research raised shares of Hoegh LNG Partners from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Wednesday, October 10th. B. Riley began coverage on shares of Hoegh LNG Partners in a report on Wednesday, September 5th. They issued a “buy” rating and a $21.00 price target on the stock. Berenberg Bank began coverage on shares of Hoegh LNG Partners in a report on Thursday, September 6th. They issued a “hold” rating and a $19.00 price target on the stock. Finally, Barclays lowered shares of Hoegh LNG Partners from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $20.00 to $19.00 in a report on Friday, October 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $19.83.

Shares of HMLP stock traded down $0.34 during trading on Wednesday, reaching $16.25. 260,200 shares of the company’s stock traded hands, compared to its average volume of 127,821. The stock has a market capitalization of $562.10 million, a P/E ratio of 11.95, a PEG ratio of 0.69 and a beta of 0.81. 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 1 year low of $15.32 and a 1 year high of $19.85.

Hoegh LNG Partners (NYSE:HMLP) last posted its 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. The business had revenue of $36.61 million for the quarter, compared to analyst estimates of $36.19 million. Hoegh LNG Partners had a net margin of 46.62% and a return on equity of 14.66%. Hoegh LNG Partners’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 EPS. On average, equities analysts predict that Hoegh LNG Partners will post 1.68 EPS for the current year.

Several large investors have recently modified their holdings of HMLP. Renaissance Technologies LLC increased its holdings in shares of Hoegh LNG Partners by 44.6% in the 2nd quarter. Renaissance Technologies LLC now owns 476,500 shares of the shipping company’s stock worth $8,553,000 after buying an additional 147,000 shares during the last quarter. Green Square Capital LLC increased its holdings in shares of Hoegh LNG Partners by 42.3% in the 2nd quarter. Green Square Capital LLC now owns 144,309 shares of the shipping company’s stock worth $2,590,000 after buying an additional 42,876 shares during the last quarter. FMR LLC increased its holdings in shares of Hoegh LNG Partners by 1.8% in the 2nd quarter. FMR LLC now owns 1,975,906 shares of the shipping company’s stock worth $35,468,000 after buying an additional 34,900 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Hoegh LNG Partners in the 3rd quarter worth $456,000. Finally, Citadel Advisors LLC increased its holdings in shares of Hoegh LNG Partners by 213.6% in the 3rd quarter. Citadel Advisors LLC now owns 32,136 shares of the shipping company’s stock worth $590,000 after buying an additional 21,887 shares during the last quarter. 26.56% of the stock is currently owned by hedge funds and other institutional investors.

Hoegh LNG Partners Company Profile

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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