Hoegh LNG Partners (NASDAQ:HMLP) Given $19.67 Consensus Target Price by Analysts
Shares of Hoegh LNG Partners (NASDAQ:HMLP) have been given a consensus broker rating score of 2.33 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Analysts have set a one year consensus target price of $19.67 for the company and are forecasting that the company will post $0.34 EPS for the current quarter, according to Zacks. Zacks has also given Hoegh LNG Partners an industry rank of 227 out of 265 based on the ratings given to related companies.
Several equities analysts recently weighed in on HMLP shares. Zacks Investment Research lowered shares of Hoegh LNG Partners from a “hold” rating to a “sell” rating in a research report on Thursday, June 2nd. Citigroup Inc. reaffirmed a “buy” rating and set a $21.00 price objective (up previously from $18.50) on shares of Hoegh LNG Partners in a research report on Friday, August 26th. Morgan Stanley reaffirmed a “hold” rating on shares of Hoegh LNG Partners in a research report on Friday, August 26th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $20.00 price objective (up previously from $19.00) on shares of Hoegh LNG Partners in a research report on Tuesday, August 30th.
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Hoegh LNG Partners (NASDAQ:HMLP) traded down 0.74% on Tuesday, reaching $17.53. 196 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $18.67 and a 200 day moving average of $17.92. The stock has a market capitalization of $461.42 million and a PE ratio of 18.24. Hoegh LNG Partners has a 12 month low of $11.50 and a 12 month high of $19.56.
Hoegh LNG Partners (NASDAQ:HMLP) last issued its quarterly earnings data on Thursday, August 25th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.42 by $0.26. The company had revenue of $22.80 million for the quarter, compared to analysts’ expectations of $23.47 million. Equities analysts predict that Hoegh LNG Partners will post $1.24 earnings per share for the current fiscal year.
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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