Hoegh LNG Partners LP (HMLP) Given $21.60 Consensus Price Target by Brokerages
Shares of Hoegh LNG Partners LP (NASDAQ:HMLP) have received an average broker rating score of 1.50 (Buy) from the five brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating, one has assigned a buy rating and three have issued a strong buy rating on the company. Hoegh LNG Partners’ rating score has improved by 18% from 90 days ago as a result of a number of analysts’ ratings changes.
Analysts have set a one year consensus price objective of $21.60 for the company and are predicting that the company will post $0.31 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Hoegh LNG Partners an industry rank of 166 out of 265 based on the ratings given to related companies.
Several brokerages have weighed in on HMLP. Zacks Investment Research downgraded Hoegh LNG Partners from a “buy” rating to a “hold” rating in a research report on Thursday, October 27th. Stifel Nicolaus began coverage on Hoegh LNG Partners in a research report on Monday, December 12th. They issued a “buy” rating and a $22.00 price objective for the company. Finally, Morgan Stanley upgraded Hoegh LNG Partners from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, November 2nd.
A number of hedge funds have recently made changes to their positions in the stock. Nwam LLC increased its stake in shares of Hoegh LNG Partners by 3.0% in the third quarter. Nwam LLC now owns 50,487 shares of the company’s stock valued at $950,000 after buying an additional 1,488 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Hoegh LNG Partners by 148.0% in the fourth quarter. Renaissance Technologies LLC now owns 65,957 shares of the company’s stock worth $1,253,000 after buying an additional 39,357 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in shares of Hoegh LNG Partners during the fourth quarter worth approximately $4,300,000. Advisory Research Inc. acquired a new position in shares of Hoegh LNG Partners during the fourth quarter worth approximately $4,318,000. Finally, FMR LLC increased its position in shares of Hoegh LNG Partners by 32.5% in the fourth quarter. FMR LLC now owns 1,417,855 shares of the company’s stock worth $26,940,000 after buying an additional 348,000 shares in the last quarter.
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Shares of Hoegh LNG Partners (NASDAQ:HMLP) opened at 19.55 on Friday. The firm has a market cap of $514.60 million and a P/E ratio of 15.35. The company has a 50-day moving average of $19.21 and a 200 day moving average of $18.56. Hoegh LNG Partners has a 52-week low of $13.94 and a 52-week high of $20.00.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 14th. Shareholders of record on Thursday, February 2nd were given a $0.4125 dividend. The ex-dividend date of this dividend was Tuesday, January 31st. This represents a $1.65 annualized dividend and a yield of 8.44%.
Hoegh LNG Partners Company Profile
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.
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