Barclays Releases a Hold Rating on Hoegh LNG PartnersBy Ryan Adsit
In a report issued on March 10, Christine Cho from Barclays maintained a Hold rating on Hoegh LNG Partners (NYSE: HMLP), with a price target of $21. The company’s shares closed last Friday at $19.50, close to its 52-week high of $20.25.
According to TipRanks.com, Cho is a 1-star analyst with an average return of -0.2% and a 51.0% success rate. Cho covers the Basic Materials sector, focusing on stocks such as National Fuel Gas Company, Spectra Energy Partners, and Phillips 66 Partners.
Hoegh LNG Partners has an analyst consensus of Hold.
The company has a one year high of $20.25 and a one year low of $15.35. Currently, Hoegh LNG Partners has an average volume of 61.55K.
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Höegh LNG Partners LP provides liquefied natural gas transportation services. The company is a limited partnership formed by Höegh LNG Holdings Ltd., to own, operate and acquire floating storage and re-gasification units, LNG carriers and other LNG infrastructure assets under long-term charters, which are defined as charters of five or more years. The company operates its business through two segments: Majority Held FSRUs and Joint Venture FSRUs. The company was founded on April 28, 2014 and is headquartered in Hamilton, Bermuda.