Hoegh LNG Partners LP representing Limited Partner Interests (NYSE:HMLP) traded today at a new 52-week high of $17.60. This new high was reached on below average trading volume as 131,000 shares traded hands, while the average 30-day volume is approximately 212,000 shares.
Hoegh LNG Partners LP representing Limited Partner Interests (NYSE:HMLP) is currently priced 4.4% above its average consensus analyst price target of $16.38.
Hoegh LNG Partners LP representing Limited Partner Interests share prices have moved between a 52-week high of $17.60 and a 52-week low of $9.11 and are now trading 88% above that low price at $17.14 per share.
Hoegh LNG Partners LP own and operate floating storage and regasification units (FSRUs), under long-term charters. The company’s primary business objective is making accretive acquisitions of FSRUs, LNG carriers and other LNG infrastructure assets with long-term charters. It has two segments, which are the Majority held FSRUs and the Joint venture FSRUs. The Majority held FSRUs segment is a key revenue driver which includes the direct financing lease related to the PT Perusahaan Gas Negara (Persero) Tbk (PGN) FSRU Lampung and the operating lease related to the Hoegh Gallant. The Joint venture FSRUs segment includes approximately two FSRUs, including the GDF Suez LNG Supply S.A. (GDF Suez) Neptune and the GDF Suez Cape Ann, which operate under long-term time charters.
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