The Insider Activity Of Hoegh LNG Partners LP (HMLP) Is Worth Monitoring


Hoegh LNG Partners LP (NYSE:HMLP) finished Thursday with an addition of $0.01 to close at $9.24, an upside of 0.16 percent. An average of 248,627 shares of common stock have been traded in the last five days. There was a gain of $0.02 in the past week, and it reached a new high 29 times over the past 12 months. The last 20 days have seen an average of 118,517 shares traded, while the 50-day average volume stands at 83,663.

HMLP stock has increased by 0.11% in the last month. The company shares reached their 1-month lowest point of $9.17 on 08/26/22. With the stock rallying to its 52-week high on 09/23/22, shares of the company touched a low of $3.77 and a high of $9.25 in 52 weeks. It has reached a new high 29 times so far this year and achieved 113.66% or $4.92 in price. In spite of this, the price is down -0.05% from the 52-week high.

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Valuation Metrics

Hoegh LNG Partners LP (HMLP) has a trailing price-to-earnings (P/E) ratio of 5.95. The stock’s beta is 1.38. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.14, the price-to-book (PB) ratio at 0.77, and the price-to-cash flow ratio at 5.37.

The company has a payout ratio of 2.60%. The company’s most recent quarterly dividend payment was $0.01 a share, without any change from last year. Its latest decrease dividend $0.43 reported on Wednesday July 28 2021.

Financial Health

Further, the company has a long term debt to equity ratio of 0.79 and a total debt to equity ratio of 0.96 for the quarter ending June 29. Its gross profit as reported stood at $112.42 million compared to revenue of $141.26 million.

Earnings Surprise

For the three-month period that ended June 29, Hoegh LNG Partners LP had $339.69 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $44.49 million in the quarter, while revenues were shrunk -8.65%. The analyst consensus anticipated Hoegh LNG Partners LP’s latest quarter earnings to come in at $0.37 per share, but it turned out to be $0.28, a -24.30% surprise. For the quarter, EBITDA amounted to $27.91 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Hoegh LNG Partners LP (HMLP) price momentum. RSI 9-day as of the close on 22 September was 67.73%, suggesting the stock is Neutral, with historical volatility in this time frame at 1.60%.

As of today, HMLP’s price is $9.23 +0.24% or $0.02 from its 5-day moving average. HMLP is currently trading +0.02% higher than its 20-day SMA and +42.41% higher than its 100-day SMA. However, the stock’s current price level is +1.90% above the SMA50 and +114.94% above the SMA200.

The stochastic %K and %D were 73.50% and 70.80%, respectively, and the average true range (ATR) was 0.02. With the 14-day stochastic at 87.17% and the average true range at 0.02, the RSI (14) stands at 66.86%. The stock has reached 0.00 on the 9-day MACD Oscillator while the 14-day reading was at 0.01.

Analyst Ratings

Stifel upgraded Hoegh LNG Partners LP (NYSE: HMLP) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for Hoegh LNG Partners LP (HMLP) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell HMLP, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is HMLP’s price target for the next 12 months?

Analysts predict a range of price targets between $9.25 and $20.00, with a median target of $9.25. Taking a look at these predictions, the average price target given by analysts for Hoegh LNG Partners LP (HMLP) stock is $12.83.


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