Stock analysts at B. Riley began coverage on shares of Hoegh LNG Partners (NYSE:HMLP) in a research report issued to clients and investors on Wednesday. The firm set a “buy” rating and a $21.00 price target on the shipping company’s stock. B. Riley’s price objective would indicate a potential upside of 11.70% from the company’s current price.

A number of other equities research analysts also recently issued reports on HMLP. Zacks Investment Research raised shares of Hoegh LNG Partners from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Tuesday, June 5th. ValuEngine downgraded shares of Hoegh LNG Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, June 13th. BTIG Research started coverage on shares of Hoegh LNG Partners in a research report on Wednesday, July 18th. They issued a “neutral” rating for the company. Finally, DNB Markets downgraded shares of Hoegh LNG Partners from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Hoegh LNG Partners presently has a consensus rating of “Hold” and a consensus price target of $20.25.

Shares of HMLP stock opened at $18.80 on Wednesday. Hoegh LNG Partners has a 52-week low of $15.32 and a 52-week high of $19.85. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $626.94 million, a price-to-earnings ratio of 13.82, a PEG ratio of 0.80 and a beta of 0.92.

Hoegh LNG Partners (NYSE:HMLP) last issued its quarterly earnings data on Thursday, August 23rd. The shipping company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.13. Hoegh LNG Partners had a net margin of 46.62% and a return on equity of 14.66%. The business had revenue of $36.61 million during the quarter, compared to the consensus estimate of $36.19 million. During the same period in the prior year, the firm posted $0.30 EPS. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. equities analysts expect that Hoegh LNG Partners will post 1.67 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Bridgeworth LLC bought a new position in shares of Hoegh LNG Partners during the 2nd quarter valued at approximately $148,000. Commonwealth Equity Services LLC bought a new position in shares of Hoegh LNG Partners during the 1st quarter valued at approximately $194,000. Engineers Gate Manager LP bought a new position in shares of Hoegh LNG Partners during the 1st quarter valued at approximately $320,000. Trexquant Investment LP grew its position in shares of Hoegh LNG Partners by 91.2% during the 1st quarter. Trexquant Investment LP now owns 20,713 shares of the shipping company’s stock valued at $336,000 after acquiring an additional 9,882 shares during the period. Finally, Bard Associates Inc. grew its position in shares of Hoegh LNG Partners by 30.3% during the 1st quarter. Bard Associates Inc. now owns 22,363 shares of the shipping company’s stock valued at $362,000 after acquiring an additional 5,200 shares during the period. 27.08% of the stock is owned by hedge funds and other institutional investors.

About Hoegh LNG Partners

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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