Hoegh LNG Partners LP (HMLP) Receives $21.00 Average Price Target from Analysts
Hoegh LNG Partners LP (NYSE:HMLP) has earned an average recommendation of “Buy” from the six brokerages that are currently covering the stock. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $21.00.
HMLP has been the topic of a number of research reports. Morgan Stanley raised shares of Hoegh LNG Partners from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, November 2nd. Citigroup Inc. raised their target price 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. Finally, Barclays PLC raised their target price 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.
Hoegh LNG Partners (NYSE:HMLP) opened at 18.60 on Friday. Hoegh LNG Partners has a 1-year low of $11.50 and a 1-year high of $19.56. The company has a 50-day moving average price of $18.04 and a 200 day moving average price of $18.15. The stock has a market cap of $489.59 million, a P/E ratio of 19.35 and a beta of 0.97.
About Hoegh LNG Partners
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.
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