Höegh LNG Partners LP (NYSE:HMLP) Receives $11.31 Average PT from Brokerages

Shares of Höegh LNG Partners LP (NYSE:HMLP) have been given an average recommendation of “Hold” by the seven ratings firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $11.31.

A number of equities research analysts have weighed in on the company. B. Riley lowered their price objective on Höegh LNG Partners from $5.00 to $4.25 and set a “neutral” rating for the company in a research note on Thursday, December 9th. Zacks Investment Research lowered Höegh LNG Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, January 5th.

HMLP stock opened at $4.48 on Wednesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.91 and a current ratio of 0.91. Höegh LNG Partners has a 1 year low of $3.77 and a 1 year high of $18.17. The firm has a market cap of $149.23 million, a P/E ratio of 3.13 and a beta of 1.58. The stock has a 50-day simple moving average of $4.42 and a 200-day simple moving average of $6.58.

Höegh LNG Partners (NYSE:HMLP) last posted its earnings results on Thursday, November 18th. The shipping company reported $0.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.40. Höegh LNG Partners had a return on equity of 15.83% and a net margin of 44.18%. The business had revenue of $35.60 million during the quarter, compared to analyst estimates of $35.38 million. During the same quarter last year, the firm earned $0.42 earnings per share. On average, equities research analysts predict that Höegh LNG Partners will post 1.33 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 15th. Shareholders of record on Thursday, January 27th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Wednesday, January 26th. Höegh LNG Partners’s dividend payout ratio is presently 2.80%.

Large investors have recently added to or reduced their stakes in the business. UBS Group AG lifted its holdings in Höegh LNG Partners by 65.0% during the 3rd quarter. UBS Group AG now owns 8,813 shares of the shipping company’s stock worth $44,000 after buying an additional 3,472 shares during the last quarter. Virtu Financial LLC bought a new position in Höegh LNG Partners during the 2nd quarter worth approximately $184,000. Cubist Systematic Strategies LLC bought a new stake in shares of Höegh LNG Partners in the 3rd quarter worth approximately $65,000. Creative Planning bought a new stake in shares of Höegh LNG Partners in the 3rd quarter worth approximately $79,000. Finally, LPL Financial LLC bought a new stake in shares of Höegh LNG Partners in the 2nd quarter worth approximately $303,000. 17.69% of the stock is currently owned by institutional investors.

Höegh LNG Partners Company Profile

Höegh LNG Partners LP engages in undertaking of floating storage and re-gasification units (FSRUs). It operates through the Majority Held FSRUs, and Joint Venture FSRUs segments. The Majority Held FSRUs segment includes the direct financing lease related to the PGN FSRU Lampung and the operating leases related to the Hoegh Gallant and the Hoegh Grace.

Further Reading: Are sell-side analysts objective?

Analyst Recommendations for Höegh LNG Partners (NYSE:HMLP)

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