The chart of Hoegh LNG Partners LP (HMLP) shows a double bottom with $14.35 target or 6.00 % below today’s $15.27 share price. The 8 months chart pattern indicates high risk for the $708.87M company. It was reported on Dec, 3 by Finviz.com. If the $14.35 price target is reached, the company will be worth $42.53M less. Double bottoms are rare but powerful chart patterns.
The stock decreased 1.23% or $0.19 during the last trading session, reaching $15.27. About 105,570 shares traded or 2.88% up from the average. Hoegh LNG Partners LP (NYSE:HMLP) has declined 3.07% since December 3, 2018 and is downtrending. It has underperformed by 3.07% the S&P500.
Hoegh LNG Partners LP (NYSE:HMLP) Ratings Coverage
Among 3 analysts covering Hoegh LNG Partners (NYSE:HMLP), 0 have Buy rating, 2 Sell and 1 Hold. Therefore 0 are positive. Hoegh LNG Partners has $1800 highest and $1400 lowest target. $15.67’s average target is 2.62% above currents $15.27 stock price. Hoegh LNG Partners had 8 analyst reports since August 26, 2019 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, October 15 by Barclays Capital. The stock has “Buy” rating by Citigroup on Monday, August 26. The stock has “Sell” rating by Citigroup on Tuesday, October 29. The firm has “Equal-Weight” rating given on Friday, August 30 by Barclays Capital. The rating was downgraded by DNB Markets to “Sell” on Monday, October 28.
More notable recent Hoegh LNG Partners LP (NYSE:HMLP) news were published by: Nasdaq.com which released: “Here’s Why CRISPR Therapeutics Stock Is Falling Today – Nasdaq” on November 21, 2019, also Nasdaq.com with their article: “3 Dividend Aristocrats to Buy and Hold Forever – Nasdaq” published on October 22, 2019, Prnewswire.com published: “HÃ¶egh LNG Partners LP Second Quarter 2015 Cash Distribution – PR Newswire” on July 24, 2015. More interesting news about Hoegh LNG Partners LP (NYSE:HMLP) were released by: Finance.Yahoo.com and their article: “Hoegh LNG Partners LP (HMLP) Q1 2019 Earnings Call Transcript – Yahoo Finance” published on May 29, 2019 as well as Seekingalpha.com‘s news article titled: “10.5% Sustainable, Qualified Dividend Yield Play With Growth (That’s Not A Misprint) – Seeking Alpha” with publication date: April 05, 2018.
HÃ¶egh 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 $708.87 million. The firm also offers ship management services. It has a 13.89 P/E ratio. As of March 31, 2017, it had a fleet of five FSRUs.
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