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Is it Time to Dump Hoegh LNG Partners LP (HMLP) Stock After it Is Down 58.47% in a Week?

Wednesday, July 28, 2021 10:12 AM | InvestorsObserver Analysts

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Is it Time to Dump Hoegh LNG Partners LP (HMLP) Stock After it Is Down 58.47% in a Week?

Hoegh LNG Partners LP (HMLP) stock is down 58.47% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Hoegh LNG Partners LP has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on HMLP!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With HMLP Stock Today?

Hoegh LNG Partners LP (HMLP) stock is trading at $7.26 as of 10:07 AM on Wednesday, Jul 28, a decline of -$10.61, or -59.37% from the previous closing price of $17.87. The stock has traded between $6.56 and $7.87 so far today. Volume today is above average. So far 1,505,591 shares have traded compared to average volume of 112,417 shares. To see InvestorsObserver's Sentiment Score for Hoegh LNG Partners LP click here.

More About Hoegh LNG Partners LP

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. Click Here to get the full Stock Report for Hoegh LNG Partners LP stock.

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