Hoegh LNG Partners LP (HMLP) Receives Average Recommendation of “Buy” from Brokerages

Hoegh LNG Partners LP (NYSE:HMLP) has earned a consensus recommendation of “Buy” from the seven research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $21.50.

A number of brokerages have weighed in on HMLP. ValuEngine raised Hoegh LNG Partners from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research raised Hoegh LNG Partners from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 7th. Finally, BidaskClub raised Hoegh LNG Partners from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th.

Shares of Hoegh LNG Partners (NYSE:HMLP) opened at $19.50 on Tuesday. The stock has a market capitalization of $641.96, a price-to-earnings ratio of 10.16, a P/E/G ratio of 0.70 and a beta of 0.93. Hoegh LNG Partners has a 12-month low of $16.90 and a 12-month high of $20.65. The company has a current ratio of 0.64, a quick ratio of 0.63 and a debt-to-equity ratio of 1.01.

Hoegh LNG Partners (NYSE:HMLP) last released its quarterly earnings data on Thursday, November 16th. The shipping company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.28). Hoegh LNG Partners had a net margin of 38.90% and a return on equity of 7.77%. equities analysts forecast that Hoegh LNG Partners will post 1.16 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Thursday, February 1st will be given a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.82%. Hoegh LNG Partners’s dividend payout ratio is currently 89.58%.

An institutional investor recently raised its position in Hoegh LNG Partners stock. Stifel Financial Corp grew its stake in Hoegh LNG Partners LP (NYSE:HMLP) by 3.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,398 shares of the shipping company’s stock after buying an additional 591 shares during the period. Stifel Financial Corp owned approximately 0.06% of Hoegh LNG Partners worth $351,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 64.13% of the company’s stock.

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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.

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