B.Riley FBR Now Covering Hoegh LNG Partners (NYSE:HMLP) With $21.0000 Target

May 18, 2018 - By Vivian Park

Why Has B.Riley FBR Given Hoegh LNG Partners (NYSE:HMLP) a $21.0000 Price Target

B.Riley FBR published in a report that it started coverage on Hoegh LNG Partners (NYSE:HMLP) stock, with “Buy” rating and a $21.0000 TP.

Höegh LNG Partners LP (NYSE:HMLP) Ratings Coverage

Among 2 analysts covering Hoegh LNG Partners (NYSE:HMLP), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Hoegh LNG Partners has $20 highest and $20 lowest target. $20’s average target is 12.68% above currents $17.75 stock price. Hoegh LNG Partners had 2 analyst reports since February 12, 2018 according to SRatingsIntel. On Friday, March 2 the stock rating was maintained by Bank of America with “Buy”. As per Monday, February 12, the company rating was maintained by Morgan Stanley.

The stock increased 1.43% or $0.25 during the last trading session, reaching $17.75. About 85,225 shares traded. Höegh LNG Partners LP (NYSE:HMLP) has declined 17.88% since May 18, 2017 and is downtrending. It has underperformed by 29.43% the S&P500.

Analysts await Höegh LNG Partners LP (NYSE:HMLP) to report earnings on May, 31 before the open. They expect $0.35 earnings per share, down 14.63 % or $0.06 from last year’s $0.41 per share. HMLP’s profit will be $11.52 million for 12.68 P/E if the $0.35 EPS becomes a reality. After $0.57 actual earnings per share reported by Höegh LNG Partners LP for the previous quarter, Wall Street now forecasts -38.60 % negative EPS growth.

Höegh LNG Partners LP focuses on owning, operating, and acquiring floating storage and regasification units , liquefied natural gas (LNG) carriers, and other LNG infrastructure assets under long-term charters. The company has market cap of $584.35 million. The firm also offers ship management services. It has a 12.62 P/E ratio. As of March 31, 2017, it had a fleet of five FSRUs.

More news for Höegh LNG Partners LP (NYSE:HMLP) were recently published by: Streetinsider.com, which released: “B.Riley/FBR Starts Hoegh LNG Partners LP (HMLP) at Buy” on May 18, 2018. Prnewswire.com‘s article titled: “Höegh LNG Partners LP Cash Distributions for the First Quarter 2018” and published on April 19, 2018 is yet another important article.

Höegh LNG Partners LP (NYSE:HMLP) Ratings Chart

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