Höegh LNG Partners LP (NYSE:HMLP – Get Rating) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totalling 65,400 shares, a decline of 45.1% from the April 30th total of 119,200 shares. Based on an average trading volume of 232,800 shares, the short-interest ratio is presently 0.3 days. Currently, 0.4% of the shares of the company are sold short.
HMLP stock traded up $0.02 during trading on Friday, reaching $9.03. 1,473,309 shares of the company were exchanged, compared to its average volume of 248,704. The company has a market cap of $301.36 million, a P/E ratio of 6.74 and a beta of 1.59. Höegh LNG Partners has a 52-week low of $3.77 and a 52-week high of $18.17. The stock’s 50 day moving average price is $6.72 and its 200 day moving average price is $5.21. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.94 and a current ratio of 0.94.
Höegh LNG Partners (NYSE:HMLP – Get Rating) last released its quarterly earnings data on Wednesday, May 25th. The shipping company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.12. Höegh LNG Partners had a net margin of 42.47% and a return on equity of 14.22%. During the same quarter in the prior year, the company earned $0.38 EPS. As a group, equities research analysts forecast that Höegh LNG Partners will post 1.65 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in HMLP. UBS Group AG raised its position in Höegh LNG Partners by 65.0% during the third quarter. UBS Group AG now owns 8,813 shares of the shipping company’s stock worth $44,000 after acquiring an additional 3,472 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Höegh LNG Partners in the fourth quarter valued at approximately $61,000. Cubist Systematic Strategies LLC acquired a new position in shares of Höegh LNG Partners in the third quarter valued at approximately $65,000. Creative Planning acquired a new position in shares of Höegh LNG Partners in the third quarter valued at approximately $79,000. Finally, Autus Asset Management LLC acquired a new position in shares of Höegh LNG Partners in the fourth quarter valued at approximately $91,000. Institutional investors own 17.69% of the company’s stock.
Several brokerages have recently weighed in on HMLP. Citigroup raised shares of Höegh LNG Partners from a “sell” rating to a “neutral” rating and lifted their target price for the company from $4.25 to $9.25 in a report on Wednesday. Zacks Investment Research raised shares of Höegh LNG Partners from a “hold” rating to a “buy” rating and set a $8.75 target price on the stock 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 report on Thursday, May 12th. Finally, Stifel Nicolaus downgraded shares of Höegh LNG Partners from a “buy” rating to a “hold” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $9.46.
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.
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