Hoegh LNG Partners LP (NASDAQ:HMLP) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Thursday.

Other equities research analysts also recently issued research reports about the stock. Citigroup Inc. increased their target price on shares of Hoegh LNG Partners from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, August 25th. TheStreet upgraded shares of Hoegh LNG Partners from a “d” rating to a “c+” rating in a research report on Monday, August 7th. Zacks Investment Research upgraded shares of Hoegh LNG Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. ValuEngine downgraded shares of Hoegh LNG Partners from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Barclays PLC upgraded shares of Hoegh LNG Partners from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $21.00 to $22.00 in a research report on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. Hoegh LNG Partners has an average rating of “Hold” and an average target price of $21.30.

Shares of Hoegh LNG Partners (NASDAQ:HMLP) traded up 0.27% during mid-day trading on Thursday, hitting $18.50. 19,944 shares of the stock traded hands. Hoegh LNG Partners has a 52 week low of $17.05 and a 52 week high of $20.65. The stock has a 50-day moving average of $18.71 and a 200-day moving average of $19.22. The company has a market cap of $609.02 million and a price-to-earnings ratio of 9.09.

Hoegh LNG Partners (NASDAQ:HMLP) last released its earnings results on Thursday, August 24th. The shipping company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). Hoegh LNG Partners had a return on equity of 13.48% and a net margin of 34.87%. The company had revenue of $35.02 million during the quarter, compared to analysts’ expectations of $31.94 million. Analysts anticipate that Hoegh LNG Partners will post $1.49 EPS for the current year.

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Several institutional investors and hedge funds have recently made changes to their positions in HMLP. Acrospire Investment Management LLC increased its stake in shares of Hoegh LNG Partners by 341.5% during the 2nd quarter. Acrospire Investment Management LLC now owns 5,219 shares of the shipping company’s stock worth $100,000 after purchasing an additional 4,037 shares during the last quarter. UBS Group AG increased its stake in shares of Hoegh LNG Partners by 27.1% during the 1st quarter. UBS Group AG now owns 9,268 shares of the shipping company’s stock worth $182,000 after purchasing an additional 1,978 shares during the last quarter. BB&T Corp acquired a new position in shares of Hoegh LNG Partners during the 2nd quarter worth $192,000. Bard Associates Inc. acquired a new position in shares of Hoegh LNG Partners during the 2nd quarter worth $321,000. Finally, Stifel Financial Corp increased its stake in shares of Hoegh LNG Partners by 3.3% during the 2nd quarter. Stifel Financial Corp now owns 18,398 shares of the shipping company’s stock worth $351,000 after purchasing an additional 591 shares during the last quarter.

About Hoegh LNG Partners

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.

Analyst Recommendations for Hoegh LNG Partners (NASDAQ:HMLP)

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