Dynagas LNG Partners (DLNG) Stock Rating Lowered by ValuEngine

ValuEngine downgraded shares of Dynagas LNG Partners (NYSE:DLNG) from a buy rating to a hold rating in a research note published on Friday.

DLNG has been the topic of a number of other reports. Jefferies Group started coverage on shares of Dynagas LNG Partners in a research note on Monday, December 18th. They issued a buy rating and a $19.00 price objective on the stock. Zacks Investment Research raised shares of Dynagas LNG Partners from a sell rating to a hold rating in a research note on Monday, November 13th. Stifel Nicolaus reissued a buy rating and issued a $17.00 price objective on shares of Dynagas LNG Partners in a research note on Wednesday, December 6th. Finally, Maxim Group reissued a buy rating and issued a $15.00 price objective (down from $18.00) on shares of Dynagas LNG Partners in a research note on Thursday, December 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $15.00.

Shares of Dynagas LNG Partners (DLNG) opened at $11.26 on Friday. The company has a market cap of $568.75, a PE ratio of 13.90 and a beta of 1.14. Dynagas LNG Partners has a 12 month low of $10.66 and a 12 month high of $17.93. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 2.78.

Dynagas LNG Partners (NYSE:DLNG) last issued its quarterly earnings data on Tuesday, December 5th. The shipping company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). Dynagas LNG Partners had a net margin of 18.63% and a return on equity of 15.57%. equities analysts anticipate that Dynagas LNG Partners will post 0.75 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Thursday, January 11th were paid a dividend of $0.4225 per share. The ex-dividend date was Wednesday, January 10th. This represents a $1.69 annualized dividend and a dividend yield of 15.01%. Dynagas LNG Partners’s dividend payout ratio is currently 208.64%.

Several institutional investors have recently added to or reduced their stakes in DLNG. SeaCrest Wealth Management LLC acquired a new stake in shares of Dynagas LNG Partners during the 4th quarter worth about $380,000. Arrow Investment Advisors LLC boosted its stake in shares of Dynagas LNG Partners by 25.5% during the 3rd quarter. Arrow Investment Advisors LLC now owns 50,039 shares of the shipping company’s stock worth $698,000 after purchasing an additional 10,171 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Dynagas LNG Partners by 20.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 42,088 shares of the shipping company’s stock worth $644,000 after purchasing an additional 7,095 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Dynagas LNG Partners by 2.2% during the 2nd quarter. California Public Employees Retirement System now owns 254,900 shares of the shipping company’s stock worth $3,897,000 after purchasing an additional 5,500 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Dynagas LNG Partners by 45.4% during the 2nd quarter. Royal Bank of Canada now owns 7,043 shares of the shipping company’s stock worth $107,000 after purchasing an additional 2,200 shares during the last quarter. 17.33% of the stock is currently owned by institutional investors.

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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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Analyst Recommendations for Dynagas LNG Partners (NYSE:DLNG)

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