Höegh LNG Partners (NYSE:HMLP) Stock Rating Lowered by Stifel Nicolaus

Höegh LNG Partners (NYSE:HMLPGet Rating) was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report issued on Wednesday, The Fly reports.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Höegh LNG Partners from a “hold” rating to a “buy” rating and set a $8.75 target price for the company in a report on Thursday, March 31st. StockNews.com downgraded shares of Höegh LNG Partners from a “buy” rating to a “hold” rating in a research report on Thursday, May 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Höegh LNG Partners currently has an average rating of “Hold” and a consensus price target of $9.50.

Shares of HMLP stock traded up $2.14 during trading hours on Wednesday, reaching $8.99. The stock had a trading volume of 219,632 shares, compared to its average volume of 187,132. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.94 and a quick ratio of 0.94. Höegh LNG Partners has a twelve month low of $3.77 and a twelve month high of $18.17. The firm has a 50-day simple moving average of $6.45 and a 200-day simple moving average of $5.12. The firm has a market capitalization of $300.02 million, a PE ratio of 6.71 and a beta of 1.59.

Höegh LNG Partners (NYSE:HMLPGet Rating) last released its earnings results on Wednesday, February 23rd. The shipping company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.13). The company had revenue of $36.19 million for the quarter, compared to analyst estimates of $35.48 million. Höegh LNG Partners had a net margin of 42.47% and a return on equity of 14.22%. During the same period in the previous year, the business posted $0.46 EPS. On average, equities analysts anticipate that Höegh LNG Partners will post 1.65 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new position in Höegh LNG Partners during the 4th quarter valued at $2,282,000. Citigroup Inc. increased its holdings in Höegh LNG Partners by 18,563.2% in the 4th quarter. Citigroup Inc. now owns 186,632 shares of the shipping company’s stock valued at $806,000 after buying an additional 185,632 shares during the period. Prescott Group Capital Management L.L.C. increased its holdings in Höegh LNG Partners by 60.8% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 427,020 shares of the shipping company’s stock valued at $1,845,000 after buying an additional 161,461 shares during the period. Marshall Wace LLP bought a new stake in shares of Höegh LNG Partners in the 4th quarter worth about $617,000. Finally, Millennium Management LLC bought a new stake in shares of Höegh LNG Partners in the 3rd quarter worth about $345,000. Institutional investors and hedge funds own 17.69% of the company’s stock.

Höegh LNG Partners Company Profile (Get Rating)

Höegh LNG Partners LP focuses on owning, operating, and acquiring floating storage and regasification units (FSRUs), liquefied natural gas (LNG) carriers, and other LNG infrastructure assets under long-term charters. As of March 31, 2022, it had a fleet of five FSRUs. Höegh LNG GP LLC is the general partner of the company.

See Also

The Fly logo

Receive News & Ratings for Höegh LNG Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Höegh LNG Partners and related companies with MarketBeat.com's FREE daily email newsletter.