Hoegh LNG Partners LP (HMLP) Downgraded by BidaskClub

BidaskClub downgraded shares of Hoegh LNG Partners LP (NASDAQ:HMLP) from a sell rating to a strong sell rating in a research report released on Friday morning.

Several other research analysts have also issued reports on the company. ValuEngine upgraded Hoegh LNG Partners from a hold rating to a buy rating in a research report on Monday, October 2nd. Zacks Investment Research lowered Hoegh LNG Partners from a hold rating to a strong sell rating in a research report on Tuesday, August 29th. Citigroup Inc. raised their price target on 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 Hoegh LNG Partners from a d rating to a c+ rating in a research report on Monday, August 7th. Finally, Barclays PLC upgraded Hoegh LNG Partners from an equal weight rating to an overweight rating and raised their price target for the stock from $21.00 to $22.00 in a research report on Tuesday, July 18th. Two analysts have rated the stock with a sell rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $21.63.

Shares of Hoegh LNG Partners (NASDAQ:HMLP) opened at 19.00 on Friday. Hoegh LNG Partners has a one year low of $17.05 and a one year high of $20.65. The stock has a 50 day moving average price of $18.60 and a 200 day moving average price of $19.11. The firm has a market cap of $625.48 million and a price-to-earnings ratio of 9.33.

Hoegh LNG Partners (NASDAQ:HMLP) last released its earnings results on Thursday, August 24th. The shipping company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.08). The firm had revenue of $35.02 million during the quarter, compared to analyst estimates of $31.94 million. Hoegh LNG Partners had a net margin of 34.87% and a return on equity of 13.48%. On average, equities research analysts forecast that Hoegh LNG Partners will post $1.46 EPS for the current year.

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Several large investors have recently bought and sold shares of the company. Stifel Financial Corp boosted its position in shares of Hoegh LNG Partners by 3.3% in 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. FMR LLC boosted its position in shares of Hoegh LNG Partners by 2.5% in the 2nd quarter. FMR LLC now owns 1,448,061 shares of the shipping company’s stock worth $27,730,000 after purchasing an additional 35,806 shares during the last quarter. Acrospire Investment Management LLC boosted its position in shares of Hoegh LNG Partners by 341.5% in 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. Bard Associates Inc. bought a new position in shares of Hoegh LNG Partners in the 2nd quarter worth $321,000. Finally, Kayne Anderson Capital Advisors LP boosted its position in shares of Hoegh LNG Partners

Several other research analysts have also issued reports on the company. ValuEngine upgraded Hoegh LNG Partners from a hold rating to a buy rating in a research report on Monday, October 2nd. Zacks Investment Research lowered Hoegh LNG Partners from a hold rating to a strong sell rating in a research report on Tuesday, August 29th. Citigroup Inc. raised their price target on 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 Hoegh LNG Partners from a d rating to a c+ rating in a research report on Monday, August 7th. Finally, Barclays PLC upgraded Hoegh LNG Partners from an equal weight rating to an overweight rating and raised their price target for the stock from $21.00 to $22.00 in a research report on Tuesday, July 18th. Two analysts have rated the stock with a sell rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $21.63.

Shares of Hoegh LNG Partners (NASDAQ:HMLP) opened at 19.00 on Friday. Hoegh LNG Partners has a one year low of $17.05 and a one year high of $20.65. The stock has a 50 day moving average price of $18.60 and a 200 day moving average price of $19.11. The firm has a market cap of $625.48 million and a price-to-earnings ratio of 9.33.

Hoegh LNG Partners (NASDAQ:HMLP) last released its earnings results on Thursday, August 24th. The shipping company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.08). The firm had revenue of $35.02 million during the quarter, compared to analyst estimates of $31.94 million. Hoegh LNG Partners had a net margin of 34.87% and a return on equity of 13.48%. On average, equities research analysts forecast that Hoegh LNG Partners will post $1.46 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another domain, it was illegally copied and reposted in violation of US & international copyright law. The legal version of this story can be read at https://ledgergazette.com/2017/10/10/hoegh-lng-partners-lp-hmlp-downgraded-by-bidaskclub.html.

Several large investors have recently bought and sold shares of the company. Stifel Financial Corp boosted its position in shares of Hoegh LNG Partners by 3.3% in 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. FMR LLC boosted its position in shares of Hoegh LNG Partners by 2.5% in the 2nd quarter. FMR LLC now owns 1,448,061 shares of the shipping company’s stock worth $27,730,000 after purchasing an additional 35,806 shares during the last quarter. Acrospire Investment Management LLC boosted its position in shares of Hoegh LNG Partners by 341.5% in 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. Bard Associates Inc. bought a new position in shares of Hoegh LNG Partners in the 2nd quarter worth $321,000. Finally, Kayne Anderson Capital Advisors LP boosted its position in shares of Hoegh LNG Partners by 1.9% in the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 2,297,453 shares of the shipping company’s stock worth $43,988,000 after purchasing an additional 43,400 shares during the last quarter.

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.

Analyst Recommendations for Hoegh LNG Partners (NASDAQ:HMLP)

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