Hoegh LNG Partners LP (NASDAQ:HMLP) had its price objective hoisted by analysts at Citigroup Inc. from $21.00 to $22.00 in a report released on Friday. The brokerage presently has a “buy” rating on the shipping company’s stock. Citigroup Inc.’s price objective would indicate a potential upside of 17.33% from the stock’s current price.

Several other equities analysts have also issued reports on HMLP. TheStreet raised Hoegh LNG Partners from a “d” rating to a “c+” rating in a report on Monday, August 7th. Zacks Investment Research raised Hoegh LNG Partners from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. BidaskClub lowered Hoegh LNG Partners from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. ValuEngine lowered Hoegh LNG Partners from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Barclays PLC raised Hoegh LNG Partners from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $21.00 to $22.00 in a report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $21.30.

Hoegh LNG Partners (NASDAQ:HMLP) opened at 18.75 on Friday. The stock’s 50 day moving average price is $18.99 and its 200-day moving average price is $19.31. The company has a market capitalization of $617.25 million and a P/E ratio of 9.21. Hoegh LNG Partners has a one year low of $17.05 and a one year high of $20.65.

Hoegh LNG Partners (NASDAQ:HMLP) last issued its quarterly earnings data on Thursday, August 24th. The shipping company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.08. The firm had revenue of $35.02 million for the quarter, compared to analysts’ expectations of $31.94 million. Hoegh LNG Partners had a return on equity of 33.57% and a net margin of 106.97%. Equities analysts forecast that Hoegh LNG Partners will post $1.58 EPS for the current year.

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Large investors have recently made changes to their positions in the company. Kayne Anderson Capital Advisors LP increased its stake in shares of Hoegh LNG Partners by 1.9% in the second quarter. Kayne Anderson Capital Advisors LP now owns 2,297,453 shares of the shipping company’s stock valued at $43,988,000 after buying an additional 43,400 shares during the period. FMR LLC increased its stake in shares of Hoegh LNG Partners by 2.5% in the second quarter. FMR LLC now owns 1,448,061 shares of the shipping company’s stock valued at $27,730,000 after buying an additional 35,806 shares during the period. Van ECK Associates Corp acquired a new stake in shares of Hoegh LNG Partners during the first quarter valued at $2,835,000. Renaissance Technologies LLC increased its stake 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 valued at $2,203,000 after buying an additional 46,140 shares during the period. Finally, Bank of America Corp DE increased its stake 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 valued at $2,135,000 after buying an additional 69,793 shares during the period.

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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