Shares of Hoegh LNG Partners LP (NYSE:HMLP) have received an average recommendation of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $19.75.

Several equities analysts recently issued reports on HMLP shares. Zacks Investment Research upgraded Hoegh LNG Partners from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Wednesday, January 16th. Nordea Equity Research cut Hoegh LNG Partners from a “buy” rating to a “hold” rating in a research report on Thursday, February 28th. Finally, TheStreet upgraded Hoegh LNG Partners from a “c+” rating to a “b-” rating in a research report on Wednesday, March 20th.

HMLP stock traded up $0.11 during midday trading on Monday, hitting $18.79. 737 shares of the company’s stock were exchanged, compared to its average volume of 85,992. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.06. The stock has a market cap of $626.94 million, a price-to-earnings ratio of 10.30, a price-to-earnings-growth ratio of 0.87 and a beta of 0.98. Hoegh LNG Partners has a 1-year low of $14.50 and a 1-year high of $19.98.

Hoegh LNG Partners (NYSE:HMLP) last posted its earnings results on Wednesday, February 27th. The shipping company reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. The company had revenue of $37.76 million during the quarter, compared to analysts’ expectations of $34.86 million. Hoegh LNG Partners had a return on equity of 18.94% and a net margin of 52.96%. As a group, sell-side analysts anticipate that Hoegh LNG Partners will post 1.77 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, May 9th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 9.37%. The ex-dividend date was Wednesday, May 8th. Hoegh LNG Partners’s payout ratio is 96.70%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. lifted its stake in shares of Hoegh LNG Partners by 29.9% during the 1st quarter. Advisor Group Inc. now owns 2,339 shares of the shipping company’s stock worth $46,000 after purchasing an additional 539 shares during the period. Taylor Frigon Capital Management LLC boosted its position in Hoegh LNG Partners by 1.3% in the fourth quarter. Taylor Frigon Capital Management LLC now owns 53,391 shares of the shipping company’s stock valued at $820,000 after buying an additional 700 shares in the last quarter. Nwam LLC boosted its position in Hoegh LNG Partners by 2.5% in the first quarter. Nwam LLC now owns 66,609 shares of the shipping company’s stock valued at $1,302,000 after buying an additional 1,620 shares in the last quarter. Wells Fargo & Company MN boosted its position in Hoegh LNG Partners by 58.3% in the first quarter. Wells Fargo & Company MN now owns 5,457 shares of the shipping company’s stock valued at $106,000 after buying an additional 2,009 shares in the last quarter. Finally, Trustcore Financial Services LLC boosted its position in Hoegh LNG Partners by 52.5% in the first quarter. Trustcore Financial Services LLC now owns 6,100 shares of the shipping company’s stock valued at $119,000 after buying an additional 2,100 shares in the last quarter. Institutional investors own 23.62% of the company’s stock.

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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