Höegh LNG Partners LP (NYSE:HMLP) Receives $11.31 Consensus Target Price from Brokerages

Höegh LNG Partners LP (NYSE:HMLP) has been given a consensus rating of “Hold” by the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $11.31.

Several equities research analysts recently weighed in on the company. B. Riley decreased their target price on Höegh LNG Partners from $5.00 to $4.25 and set a “neutral” rating for the company in a research note on Thursday, December 9th. Zacks Investment Research cut Höegh LNG Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, January 5th.

HMLP stock opened at $4.48 on Wednesday. The business has a 50 day moving average price of $4.42 and a 200 day moving average price of $6.58. The stock has a market cap of $149.23 million, a price-to-earnings ratio of 3.13 and a beta of 1.58. Höegh LNG Partners has a fifty-two week low of $3.77 and a fifty-two week high of $18.17. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.01.

Höegh LNG Partners (NYSE:HMLP) last posted its earnings results on Thursday, November 18th. The shipping company reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. The firm had revenue of $35.60 million during the quarter, compared to analysts’ expectations of $35.38 million. Höegh LNG Partners had a return on equity of 15.83% and a net margin of 44.18%. During the same quarter in the previous year, the business earned $0.42 earnings per share. As a group, sell-side analysts anticipate that Höegh LNG Partners will post 1.33 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 15th. Shareholders of record on Thursday, January 27th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Wednesday, January 26th. Höegh LNG Partners’s dividend payout ratio is currently 2.80%.

Large investors have recently added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC acquired a new position in shares of Höegh LNG Partners in the second quarter valued at approximately $335,000. First Trust Advisors LP acquired a new position in shares of Höegh LNG Partners in the second quarter valued at approximately $4,850,000. LPL Financial LLC acquired a new position in shares of Höegh LNG Partners in the second quarter valued at approximately $303,000. GSA Capital Partners LLP increased its holdings in shares of Höegh LNG Partners by 117.9% in the third quarter. GSA Capital Partners LLP now owns 117,527 shares of the shipping company’s stock valued at $577,000 after purchasing an additional 63,588 shares during the period. Finally, Jump Financial LLC acquired a new position in shares of Höegh LNG Partners in the third quarter valued at approximately $116,000. 17.69% of the stock is currently owned by institutional investors and hedge funds.

Höegh LNG Partners Company Profile

Höegh LNG Partners LP engages in undertaking of floating storage and re-gasification units (FSRUs). It operates through the Majority Held FSRUs, and Joint Venture FSRUs segments. The Majority Held FSRUs segment includes the direct financing lease related to the PGN FSRU Lampung and the operating leases related to the Hoegh Gallant and the Hoegh Grace.

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Analyst Recommendations for Höegh LNG Partners (NYSE:HMLP)

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