Kepler Capital Markets restated their buy rating on shares of Höegh LNG Partners (NYSE:HMLP) in a research note published on Sunday, AnalystRatings.com reports.
A number of other brokerages also recently weighed in on HMLP. Barclays raised their target price on shares of Höegh LNG Partners from $14.00 to $16.00 and gave the company an overweight rating in a research note on Friday, November 20th. BidaskClub raised shares of Höegh LNG Partners from a buy rating to a strong-buy rating in a research note on Thursday, January 7th. Finally, Zacks Investment Research raised shares of Höegh LNG Partners from a hold rating to a buy rating and set a $16.00 target price for the company in a research note on Wednesday, November 25th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $14.75.
Shares of HMLP opened at $16.30 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.75 and a quick ratio of 0.75. Höegh LNG Partners has a one year low of $4.67 and a one year high of $16.84. The company has a 50-day simple moving average of $14.49 and a two-hundred day simple moving average of $11.90. The firm has a market capitalization of $542.24 million, a PE ratio of 10.65, a price-to-earnings-growth ratio of 1.55 and a beta of 1.87.
Höegh LNG Partners (NYSE:HMLP) last issued its quarterly earnings data on Wednesday, November 18th. The shipping company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.09. Höegh LNG Partners had a net margin of 43.54% and a return on equity of 20.74%. The business had revenue of $35.91 million during the quarter, compared to analyst estimates of $35.69 million. Analysts expect that Höegh LNG Partners will post 1.82 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC bought a new stake in shares of Höegh LNG Partners during the third quarter valued at approximately $167,000. Stifel Financial Corp grew its position in Höegh LNG Partners by 6.4% in the 2nd quarter. Stifel Financial Corp now owns 64,251 shares of the shipping company’s stock worth $625,000 after purchasing an additional 3,875 shares during the period. California Public Employees Retirement System grew its position in Höegh LNG Partners by 36.9% in the 2nd quarter. California Public Employees Retirement System now owns 38,989 shares of the shipping company’s stock worth $379,000 after purchasing an additional 10,500 shares during the period. Morgan Stanley grew its position in Höegh LNG Partners by 42.5% in the 1st quarter. Morgan Stanley now owns 476,506 shares of the shipping company’s stock worth $3,493,000 after purchasing an additional 142,220 shares during the period. Finally, Bank of America Corp DE grew its position in Höegh LNG Partners by 16.4% in the 2nd quarter. Bank of America Corp DE now owns 59,408 shares of the shipping company’s stock worth $578,000 after purchasing an additional 8,391 shares during the period. 20.81% of the stock is owned by institutional investors.
About Höegh LNG Partners
HÃ¶egh 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, 2019, it had a fleet of five FSRUs.
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