Merrill Lynch Keeps a Buy Rating on Hoegh LNG Partners (HMLP)


In a report released yesterday, Ken Hoexter from Merrill Lynch reiterated a Buy rating on Hoegh LNG Partners (HMLP), with a price target of $20. The company’s shares closed yesterday at $17.28.

According to TipRanks.com, Hoexter is a 4-star analyst with an average return of 6.5% and a 50.4% success rate. Hoexter covers the Services sector, focusing on stocks such as ArcBest Corporation, Golar LNG Partners, and Union Pacific Corp.

Hoegh LNG Partners has an analyst consensus of Moderate Buy, with a price target consensus of $20.

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The company has a one-year high of $19.85 and a one-year low of $15.33. Currently, Hoegh LNG Partners has an average volume of 115.1K.

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Höegh LNG Partners LP provides liquefied natural gas transportation services. It owns, operates and acquires 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.

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