Zacks Investment Research lowered shares of Hoegh LNG Partners LP (NASDAQ:HMLP) from a hold rating to a strong sell rating in a research note published on Tuesday.

According to Zacks, “Hoegh LNG Partners LP is a provider of floating LNG services under long-term contracts. The Company owns and operates floating storage and regasification units (FSRUs) which act as floating LNG import terminals, and LNG carriers which transport the LNG to its markets. Hoegh LNG Partners LP is based in Hamilton, Bermuda. “

A number of other research analysts also recently weighed in on HMLP. TheStreet raised Hoegh LNG Partners from a d rating to a c+ rating in a research note on Monday, August 7th. Citigroup Inc. raised their price objective on Hoegh LNG Partners from $21.00 to $22.00 and gave the company a buy rating in a research note on Friday, August 25th. BidaskClub downgraded Hoegh LNG Partners from a hold rating to a sell rating in a research note on Saturday, August 5th. ValuEngine downgraded Hoegh LNG Partners from a buy rating to a hold rating in a research note on Friday, June 2nd. Finally, Barclays PLC raised Hoegh LNG Partners from an equal weight rating to an overweight rating and raised their price objective for the company from $21.00 to $22.00 in a research note on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of $21.30.

Shares of Hoegh LNG Partners (NASDAQ HMLP) opened at 18.55 on Tuesday. The firm has a 50-day moving average of $18.92 and a 200 day moving average of $19.28. The firm has a market cap of $610.67 million and a P/E ratio of 9.11. Hoegh LNG Partners has a 12 month low of $17.05 and a 12 month high of $20.65.

Hoegh LNG Partners (NASDAQ:HMLP) last issued its quarterly earnings data on Thursday, August 24th. The shipping company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.08. Hoegh LNG Partners had a net margin of 106.97% and a return on equity of 33.57%. The company had revenue of $35.02 million during the quarter, compared to the consensus estimate of $31.94 million. On average, equities research analysts anticipate that Hoegh LNG Partners will post $1.49 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Thursday, August 3rd were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 9.27%. The ex-dividend date was Tuesday, August 1st.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Kayne Anderson Capital Advisors LP increased its position in shares of Hoegh LNG Partners by 25.7% in the first quarter. Kayne Anderson Capital Advisors LP now owns 2,254,053 shares of the shipping company’s stock valued at $44,283,000 after buying an additional 460,400 shares in the last quarter. Van ECK Associates Corp acquired a new position in shares of Hoegh LNG Partners during the first quarter valued at approximately $2,835,000. Bank of America Corp DE increased its position in shares of Hoegh LNG Partners by 179.6% in the first quarter. Bank of America Corp DE now owns 108,659 shares of the shipping company’s stock valued at $2,135,000 after buying an additional 69,793 shares in the last quarter. Green Square Capital LLC increased its position in shares of Hoegh LNG Partners by 204.6% in the first quarter. Green Square Capital LLC now owns 74,413 shares of the shipping company’s stock valued at $1,462,000 after buying an additional 49,983 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Hoegh LNG Partners by 70.0% in the first quarter. Renaissance Technologies LLC now owns 112,097 shares of the shipping company’s stock valued at $2,203,000 after buying an additional 46,140 shares in the last quarter.

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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