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Analysts’ Recommendations for Höegh LNG Partners

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Analysts’ ratings

According to Reuters, analysts’ consensus rating for Höegh LNG Partners (HMLP) on a scale of 1 (“strong buy”) to 5 (“strong sell”) is 1.4, which suggests “strong buy.” Among its peers, Höegh LNG Partners is the only company with a “strong buy” rating. Other LNG (liquefied natural gas) (UNG) carrier companies’ ratings are as follows:

  • Teekay LNG Partners (TGP): 2.4, which suggests “buy”
  • Golar LNG Partners (GMLP): 2.1, which suggests “buy”
  • Dynagas LNG Partners (DLNG): 2.4, which suggests “buy”
  • GasLog Partners (GLOP): 1.8, which suggests “buy”
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Analysts’ recommendations

All nine analysts covering Höegh LNG Partners are bullish on the stock. Five analysts have recommended “strong buy,” while four have recommended “buy.” There were no “hold,” “sell,” or “strong sell” recommendations.

Target price

Analysts’ 12-month consensus target price for Höegh LNG Partners is $21.68, which implies a potential upside of 33.4% based on its market price of $16.25 on March 20, 2018.

Results in 4Q17

Höegh LNG Partners reported its 4Q17 results in February 2018. It reported total time charter revenue of $37.6 million, compared with $23.3 million in 4Q16. It generated operating income of $29.7 million and net income of $25.4 million.

In October 2017, Höegh LNG Partners raised proceeds of $11.4 million from the issuance of Series A cumulative preferred units. In December 2017, HMLP acquired the remaining 49% of ownership interest in Höegh LNG Colombia. In January 2018, the company commenced an at-the-market common and preferred unit offering program. In February, the company paid a distribution of $0.43 per unit (equivalent to $1.72 on an annual basis).

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