Hoegh LNG Partners LP (NYSE:HMLP) has earned a consensus recommendation of “Buy” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $20.60.

Several research analysts recently issued reports on HMLP shares. B. Riley started coverage on shares of Hoegh LNG Partners in a research note on Thursday, May 17th. They set a “buy” rating and a $21.00 target price on the stock. Zacks Investment Research raised shares of Hoegh LNG Partners from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Tuesday, June 5th. ValuEngine lowered shares of Hoegh LNG Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, June 13th. Finally, BTIG Research began coverage on shares of Hoegh LNG Partners in a research note on Wednesday. They set a “neutral” rating on the stock.

Several institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC raised its holdings in shares of Hoegh LNG Partners by 565.4% in the first quarter. Millennium Management LLC now owns 324,726 shares of the shipping company’s stock valued at $5,261,000 after purchasing an additional 275,921 shares during the last quarter. Green Square Capital LLC raised its holdings in shares of Hoegh LNG Partners by 36.3% in the first quarter. Green Square Capital LLC now owns 101,433 shares of the shipping company’s stock valued at $1,643,000 after purchasing an additional 27,020 shares during the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of Hoegh LNG Partners in the first quarter valued at about $194,000. Bard Associates Inc. increased its holdings in Hoegh LNG Partners by 30.3% during the first quarter. Bard Associates Inc. now owns 22,363 shares of the shipping company’s stock worth $362,000 after buying an additional 5,200 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in Hoegh LNG Partners during the first quarter worth about $539,000. 30.79% of the stock is currently owned by hedge funds and other institutional investors.

NYSE HMLP traded up $0.05 on Tuesday, hitting $17.95. 120,806 shares of the company were exchanged, compared to its average volume of 82,331. The firm has a market cap of $593.86 million, a PE ratio of 13.20, a P/E/G ratio of 0.75 and a beta of 0.90. Hoegh LNG Partners has a 12 month low of $15.32 and a 12 month high of $20.00. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.14.

Hoegh LNG Partners (NYSE:HMLP) last issued its earnings results on Thursday, May 31st. The shipping company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.02. The business had revenue of $34.89 million for the quarter, compared to analyst estimates of $35.08 million. Hoegh LNG Partners had a net margin of 39.78% and a return on equity of 11.64%. equities analysts predict that Hoegh LNG Partners will post 1.68 earnings per share for the current year.

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.

Read More: Price to Earnings Ratio (PE)

Analyst Recommendations for Hoegh LNG Partners (NYSE:HMLP)

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