Shares of Dynagas LNG Partners LP (NYSE:DLNG) have been given a consensus recommendation of “Hold” by the nine research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $15.92.
A number of research firms have weighed in on DLNG. Maxim Group set a $20.00 target price on shares of Dynagas LNG Partners and gave the company a “buy” rating in a research report on Thursday, June 8th. Stifel Nicolaus set a $19.00 target price on shares of Dynagas LNG Partners and gave the company a “buy” rating in a research report on Friday, August 25th. Jefferies Group LLC reissued a “buy” rating and set a $19.00 target price on shares of Dynagas LNG Partners in a research report on Tuesday, August 22nd. Zacks Investment Research raised shares of Dynagas LNG Partners from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, BidaskClub downgraded shares of Dynagas LNG Partners from a “hold” rating to a “sell” rating in a research report on Friday, July 28th.
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Dynagas LNG Partners (DLNG) traded up 0.76% on Friday, reaching $13.30. 115,430 shares of the company traded hands. The firm has a 50 day moving average of $14.17 and a 200-day moving average of $15.47. The stock has a market capitalization of $472.02 million, a PE ratio of 11.47 and a beta of 1.11. Dynagas LNG Partners has a one year low of $12.76 and a one year high of $17.93.
Dynagas LNG Partners (NYSE:DLNG) last released its earnings results on Tuesday, September 5th. The shipping company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.10). The firm had revenue of $31.98 million for the quarter, compared to analyst estimates of $33.70 million. Dynagas LNG Partners had a net margin of 26.03% and a return on equity of 19.22%. On average, analysts anticipate that Dynagas LNG Partners will post $0.81 EPS for the current year.
Several institutional investors have recently bought and sold shares of DLNG. Van ECK Associates Corp bought a new position in shares of Dynagas LNG Partners during the 1st quarter worth approximately $4,484,000. Clearbridge Investments LLC boosted its holdings in shares of Dynagas LNG Partners by 16.3% during the 1st quarter. Clearbridge Investments LLC now owns 1,469,530 shares of the shipping company’s stock worth $25,893,000 after buying an additional 205,730 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Dynagas LNG Partners by 68.0% during the 1st quarter. Renaissance Technologies LLC now owns 270,126 shares of the shipping company’s stock worth $4,760,000 after buying an additional 109,302 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Dynagas LNG Partners by 10.4% during the 1st quarter. Bank of America Corp DE now owns 638,715 shares of the shipping company’s stock worth $11,254,000 after buying an additional 60,224 shares in the last quarter. Finally, Arrow Investment Advisors LLC bought a new position in shares of Dynagas LNG Partners during the 2nd quarter worth approximately $610,000. Hedge funds and other institutional investors own 19.63% of the company’s stock.
Dynagas LNG Partners Company Profile
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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