Analysts Set Hoegh LNG Partners LP (NYSE:HMLP) Target Price at $19.50
Hoegh LNG Partners LP (NYSE:HMLP) has been assigned a consensus rating of “Hold” from the six analysts that are covering the firm. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $19.50.
HMLP has been the topic of a number of recent analyst reports. Barclays PLC lifted their price target on Hoegh LNG Partners from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 30th. Citigroup Inc. lifted their price target on Hoegh LNG Partners from $18.50 to $21.00 and gave the stock a “buy” rating in a report on Friday, August 26th.
Shares of Hoegh LNG Partners (NYSE:HMLP) opened at 18.46 on Friday. The company has a market capitalization of $485.90 million, a P/E ratio of 19.21 and a beta of 0.95. Hoegh LNG Partners has a 12 month low of $11.50 and a 12 month high of $19.56. The company’s 50 day moving average price is $18.22 and its 200 day moving average price is $18.01.
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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