Cobas Asset Management, Sgiic, S.A.
recently revealed that they own a 5.1% stake in Dynagas LNG Partners LP (NYSE:DLNG) in a Form 13G disclosure that was filed with the Securities and Exchange Commission on Tuesday, March 13th. The investor owns 1,794,200 shares of the stock valued at approximately $19,018,520. The disclosure is available through the SEC website at this link.
Dynagas LNG Partners LP (DLNG) traded up $0.22 during trading hours on Tuesday, reaching $10.60. The company’s stock had a trading volume of 81,453 shares, compared to its average volume of 150,470. The company has a quick ratio of 2.95, a current ratio of 3.08 and a debt-to-equity ratio of 2.90. Dynagas LNG Partners LP has a twelve month low of $10.09 and a twelve month high of $17.93. The stock has a market capitalization of $364.13, a P/E ratio of 34.60 and a beta of 1.23.
DLNG has been the topic of a number of recent analyst reports. Jefferies Group initiated coverage on Dynagas LNG Partners in a report on Monday, December 18th. They set a “buy” rating and a $19.00 price target on the stock. ValuEngine lowered Dynagas LNG Partners from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded Dynagas LNG Partners from a “sell” rating to a “hold” rating in a report on Monday, November 13th. Stifel Nicolaus lowered Dynagas LNG Partners from a “buy” rating to a “hold” rating and dropped their price target for the stock from $17.00 to $11.00 in a report on Thursday, December 28th. Finally, Maxim Group reissued a “buy” rating and issued a $15.00 target price (down from $18.00) on shares of Dynagas LNG Partners in a research report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $13.38.
Dynagas LNG Partners 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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