Hoegh LNG Partners (NASDAQ:HMLP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The firm presently has a $21.00 target price on the stock. Zacks Investment Research’s target price points to a potential upside of 12.30% from the stock’s current price.

According to Zacks, “Hoegh LNG Partners LP is a provider of floating LNG services under long-term contracts. The Company owns and operates floating storage and regasification units (FSRUs) which act as floating LNG import terminals, and LNG carriers which transport the LNG to its markets. Hoegh LNG Partners LP is based in Hamilton, Bermuda. “

HMLP has been the topic of several other reports. Barclays PLC reiterated an “equal weight” rating and set a $20.00 target price (up from $19.00) on shares of Hoegh LNG Partners in a report on Tuesday, August 30th. Morgan Stanley reiterated a “hold” rating on shares of Hoegh LNG Partners in a report on Friday, August 26th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $21.00 target price (up from $18.50) on shares of Hoegh LNG Partners in a report on Friday, August 26th.

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Hoegh LNG Partners (NASDAQ:HMLP) remained flat at $18.70 during midday trading on Tuesday. 4,619 shares of the company traded hands. The company has a market capitalization of $492.22 million and a P/E ratio of 19.46. The company has a 50-day moving average price of $18.20 and a 200-day moving average price of $18.11. Hoegh LNG Partners has a 52-week low of $11.50 and a 52-week high of $19.56.

Hoegh LNG Partners (NASDAQ:HMLP) last released 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 firm earned $22.80 million during the quarter, compared to analyst estimates of $23.47 million. On average, equities analysts predict that Hoegh LNG Partners will post $1.17 EPS 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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