Could Höegh LNG Partners LP (HMLP) Go Up After Achieving 52 Week Low?

March 14, 2018 - By reb123z

The stock of Höegh LNG Partners LP (NYSE:HMLP) hit a new 52-week low and has $15.36 target or 9.00 % below today’s $16.88 share price. The 6 months bearish chart indicates high risk for the $555.63M company. The 1-year low was reported on Mar, 14 by If the $15.36 price target is reached, the company will be worth $50.01M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 3.00% or $0.522 during the last trading session, reaching $16.878. About 695,470 shares traded or 657.55% up from the average. Höegh LNG Partners LP (NYSE:HMLP) has risen 10.34% since March 14, 2017 and is uptrending. It has underperformed by 6.36% the S&P500.

Analysts await Höegh LNG Partners LP (NYSE:HMLP) to report earnings on May, 23. They expect $0.34 earnings per share, down 17.07 % or $0.07 from last year’s $0.41 per share. HMLP’s profit will be $11.19 million for 12.41 P/E if the $0.34 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 -40.35 % negative EPS growth.

Höegh LNG Partners LP (NYSE:HMLP) Ratings Coverage

Among 7 analysts covering Hoegh LNG Partners LP (NYSE:HMLP), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Hoegh LNG Partners LP had 16 analyst reports since August 14, 2015 according to SRatingsIntel. As per Tuesday, July 18, the company rating was upgraded by Barclays Capital. Citigroup maintained it with “Buy” rating and $22 target in Friday, August 25 report. The company was maintained on Friday, August 14 by Citigroup. Barclays Capital maintained the stock with “Equal-Weight” rating in Tuesday, August 30 report. The rating was maintained by Bank of America on Friday, March 2 with “Buy”. The stock has “Buy” rating by Stifel Nicolaus on Thursday, September 7. Stifel Nicolaus maintained Höegh LNG Partners LP (NYSE:HMLP) on Thursday, October 12 with “Buy” rating. The company was maintained on Monday, February 12 by Morgan Stanley. Clarkson Capital initiated it with “Buy” rating and $27 target in Wednesday, September 9 report. The stock of Höegh LNG Partners LP (NYSE:HMLP) earned “Buy” rating by Stifel Nicolaus on Monday, December 12.

More notable recent Höegh LNG Partners LP (NYSE:HMLP) news were published by: which released: “Hoegh LNG Partners LP Agrees to Acquire Remaining 49% Interest in the FSRU …” on November 16, 2017, also with their article: “Höegh LNG : Höegh LNG Partners LP announces “at the market” equity raising …” published on January 26, 2018, published: “Hoegh LNG Partners LP: These 8.75% Preferred Units Started Trading On The Nasdaq” on October 10, 2017. More interesting news about Höegh LNG Partners LP (NYSE:HMLP) were released by: and their article: “Hoegh LNG Partners LP Announces Closing Of The Transfer Of Remaining 49 …” published on December 02, 2017 as well as‘s news article titled: “Hoegh LNG Partners LP Cash Distributions for the Fourth Quarter 2017” with publication date: January 18, 2018.

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 $555.63 million. The firm also offers ship management services. It has a 12 P/E ratio. As of March 31, 2017, it had a fleet of five FSRUs.

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