ValuEngine upgraded shares of Hoegh LNG Partners (NYSE:HMLP) from a sell rating to a hold rating in a research note published on Wednesday, ValuEngine reports.

A number of other analysts also recently commented on the stock. Zacks Investment Research raised shares of Hoegh LNG Partners from a sell rating to a hold rating in a report on Wednesday, August 7th. TheStreet downgraded shares of Hoegh LNG Partners from a b- rating to a c+ rating in a report on Thursday, August 8th. Citigroup decreased their price objective on shares of Hoegh LNG Partners from $19.50 to $16.00 and set a buy rating on the stock in a report on Monday, August 26th. Barclays decreased their price objective on shares of Hoegh LNG Partners from $20.00 to $18.00 and set an equal weight rating on the stock in a report on Friday, August 30th. Finally, B. Riley set a $21.00 price objective on shares of Hoegh LNG Partners and gave the stock a buy rating in a report on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $19.00.

HMLP stock opened at $15.73 on Wednesday. The company has a market cap of $522.93 million, a P/E ratio of 8.64, a P/E/G ratio of 9.05 and a beta of 1.01. Hoegh LNG Partners has a 52 week low of $14.05 and a 52 week high of $19.98. The company’s 50-day moving average price is $15.32 and its 200 day moving average price is $17.46. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.13.

Hoegh LNG Partners (NYSE:HMLP) last released its quarterly earnings data on Thursday, August 22nd. The shipping company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.27). The company had revenue of $33.78 million for the quarter, compared to analysts’ expectations of $35.27 million. Hoegh LNG Partners had a return on equity of 17.76% and a net margin of 38.82%. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 EPS. On average, equities research analysts expect that Hoegh LNG Partners will post 1.45 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC lifted its holdings in shares of Hoegh LNG Partners by 81.8% in the second quarter. Commonwealth Equity Services LLC now owns 28,281 shares of the shipping company’s stock valued at $489,000 after purchasing an additional 12,726 shares in the last quarter. Invesco Ltd. purchased a new stake in shares of Hoegh LNG Partners in the second quarter valued at about $8,376,000. Renaissance Technologies LLC lifted its holdings in shares of Hoegh LNG Partners by 9.7% in the second quarter. Renaissance Technologies LLC now owns 681,400 shares of the shipping company’s stock valued at $11,788,000 after purchasing an additional 60,500 shares in the last quarter. Arrow Investment Advisors LLC purchased a new stake in shares of Hoegh LNG Partners in the second quarter valued at about $360,000. Finally, Marshall Wace LLP purchased a new stake in shares of Hoegh LNG Partners in the second quarter valued at about $299,000. 22.90% of the stock is currently owned by 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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