Hoegh LNG Partners LP (NYSE:HMLP) has received an average rating of “Hold” from the six research firms that are presently covering the stock. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $19.50.
HMLP has been the subject of a number of analyst reports. Citigroup Inc. lifted their price objective on shares of Hoegh LNG Partners from $18.50 to $21.00 and gave the company a “buy” rating in a research report on Friday, August 26th. Barclays PLC lifted their price objective on shares of Hoegh LNG Partners from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 30th.
Shares of Hoegh LNG Partners (NYSE:HMLP) traded up 0.66% during midday trading on Friday, reaching $18.26. 45,551 shares of the company were exchanged. The company has a market capitalization of $480.64 million, a P/E ratio of 19.00 and a beta of 0.95. Hoegh LNG Partners has a 52-week low of $11.50 and a 52-week high of $19.56. The stock has a 50-day moving average price of $18.23 and a 200 day moving average price of $18.00.
Hoegh LNG Partners Company Profile
Hoegh LNG Partners LP is a Bermuda-based limited partnership formed by Hoegh LNG Holdings Ltd. (HLNG), a floating LNG (liquefied natural gas) service provider. The Company owns and operates floating storage and regasification units (FSRUs) under long-term charters. The Company operates through two segments: Majority Held FSRUs and Joint Venture FSRUs.
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