Shares of Dynagas LNG Partners LP (NYSE:DLNG) have been given an average recommendation of “Hold” by the ten brokerages that are presently covering the company. Six equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $16.70.
Several research analysts recently issued reports on DLNG shares. Zacks Investment Research lowered shares of Dynagas LNG Partners from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 17th. Clarkson Capital lowered shares of Dynagas LNG Partners from a “buy” rating to a “neutral” rating and set a $17.00 target price for the company. in a research report on Wednesday, March 1st. Finally, Stifel Nicolaus upped their target price on shares of Dynagas LNG Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, April 6th.
Shares of Dynagas LNG Partners (NYSE:DLNG) traded down 0.06% during midday trading on Tuesday, reaching $17.25. The company had a trading volume of 116,871 shares. The company has a 50 day moving average price of $17.06 and a 200-day moving average price of $15.98. Dynagas LNG Partners has a one year low of $12.36 and a one year high of $17.93. The firm has a market capitalization of $612.81 million, a P/E ratio of 10.20 and a beta of 1.21.
Dynagas LNG Partners (NYSE:DLNG) last announced its earnings results on Monday, February 27th. The shipping company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. Dynagas LNG Partners had a net margin of 40.01% and a return on equity of 21.28%. The company earned $41.39 million during the quarter, compared to analyst estimates of $41.52 million. On average, analysts anticipate that Dynagas LNG Partners will post $1.37 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Friday, April 21st will be given a $0.4225 dividend. The ex-dividend date is Wednesday, April 19th. This represents a $1.69 annualized dividend and a yield of 9.80%. Dynagas LNG Partners’s dividend payout ratio (DPR) is presently 101.20%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Pointe Capital Management LLC raised its position in shares of Dynagas LNG Partners by 0.3% in the third quarter. Pointe Capital Management LLC now owns 37,839 shares of the shipping company’s stock valued at $586,000 after buying an additional 119 shares during the period. Renaissance Technologies LLC raised its position in shares of Dynagas LNG Partners by 1,073.9% in the fourth quarter. Renaissance Technologies LLC now owns 160,824 shares of the shipping company’s stock valued at $2,570,000 after buying an additional 147,124 shares during the period. GSA Capital Partners LLP raised its position in shares of Dynagas LNG Partners by 72.0% in the fourth quarter. GSA Capital Partners LLP now owns 52,800 shares of the shipping company’s stock valued at $844,000 after buying an additional 22,100 shares during the period. Finally, Guggenheim Capital LLC raised its position in shares of Dynagas LNG Partners by 19.6% in the fourth quarter. Guggenheim Capital LLC now owns 114,123 shares of the shipping company’s stock valued at $1,824,000 after buying an additional 18,716 shares during the period. Institutional investors own 46.09% of the company’s stock.
About Dynagas LNG Partners
Dynagas LNG Partners LP is a limited partnership, which focuses on owning and operating liquid natural gas (LNG) carriers. The Company’s vessels are employed on multi-year time charters with international energy companies. As of December 31, 2016, the Company owned and operated a fleet of six LNG carriers, consisting of the three LNG carriers in its Initial Fleet, the Clean Energy, the Ob River and the Amur River, and three 2013-built Ice Class LNG carriers that the Company acquired from its Sponsor the Arctic Aurora, the Yenisei River, and the Lena River (collectively referred as its Fleet).
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