Hoegh LNG Partners (HMLP) Gets a Buy Rating from Kepler Capital

In a report issued on March 5, Petter Haugen from Kepler Capital maintained a Buy rating on Hoegh LNG Partners (HMLPResearch Report), with a price target of NOK25.00. The company’s shares closed last Friday at $15.90, close to its 52-week high of $17.25.

According to TipRanks.com, Haugen is a 4-star analyst with an average return of 12.7% and a 71.9% success rate. Haugen covers the Industrial Goods sector, focusing on stocks such as Deutsche Post, Stolt-Nielsen, and DHT Holdings.

Hoegh LNG Partners has an analyst consensus of Moderate Buy, with a price target consensus of $16.33, which is a 1.0% upside from current levels. In a report issued on February 26, Barclays also maintained a Buy rating on the stock with a $20.00 price target.

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Hoegh LNG Partners’ market cap is currently $529.6M and has a P/E ratio of 11.20. The company has a Price to Book ratio of 1.09.

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Höegh LNG Partners LP own and operates floating storage and re?gasification units (FSRUs). It operates through the Majority Held FSRUs, and Joint Venture FSRUs segments. The Majority Held FSRUs segment includes the direct financing lease related to the PGN FSRU Lampung and the operating leases related to the Hoegh Gallant and the Hoegh Grace. The Joint Venture FSRUs segment deals with financing lease related to the PGN FSRU Lampung and the operating lease related to the Hoegh Gallant. The company was founded on April 28, 2014 and is headquartered in Hamilton, Bermuda.