Zacks Investment Research downgraded shares of Dynagas LNG Partners (NYSE:DLNG) from a hold rating to a sell rating in a report published on Monday.
According to Zacks, “Dynagas LNG Partners LP is focused on owning and operating LNG carriers that are employed on multi-year contracts with international energy companies. Dynagas LNG Partners LP is based in Glyfada, Greece. “
Other analysts also recently issued reports about the company. Morgan Stanley decreased their target price on Dynagas LNG Partners from $13.00 to $11.50 and set an equal weight rating for the company in a research report on Monday. ValuEngine upgraded Dynagas LNG Partners from a hold rating to a buy rating in a research report on Friday, December 1st. Stifel Nicolaus downgraded Dynagas LNG Partners from a buy rating to a hold rating and decreased their target price for the stock from $17.00 to $11.00 in a research report on Friday, December 22nd. Jefferies Group reiterated a buy rating on shares of Dynagas LNG Partners in a research report on Tuesday, October 31st. Finally, Maxim Group reiterated a buy rating and set a $15.00 target price (down from $18.00) on shares of Dynagas LNG Partners in a research report on Thursday, December 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Dynagas LNG Partners presently has an average rating of Hold and an average target price of $14.70.
Shares of Dynagas LNG Partners (NYSE DLNG) opened at $10.83 on Monday. The stock has a market capitalization of $547.03, a price-to-earnings ratio of 13.37 and a beta of 1.14. Dynagas LNG Partners has a 52-week low of $10.49 and a 52-week high of $17.93. The company has a debt-to-equity ratio of 2.78, a current ratio of 2.95 and a quick ratio of 2.95.
Dynagas LNG Partners (NYSE:DLNG) last issued its quarterly earnings results on Tuesday, December 5th. The shipping company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). Dynagas LNG Partners had a return on equity of 15.57% and a net margin of 18.63%. analysts anticipate that Dynagas LNG Partners will post 0.75 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Stockholders of record on Thursday, January 11th were given a dividend of $0.4225 per share. The ex-dividend date of this dividend was Wednesday, January 10th. This represents a $1.69 annualized dividend and a dividend yield of 15.60%. Dynagas LNG Partners’s dividend payout ratio (DPR) is 208.64%.
Several large investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System lifted its position in shares of Dynagas LNG Partners by 2.2% during the second 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. Arrow Investment Advisors LLC raised its holdings in shares of Dynagas LNG Partners by 25.5% in the third quarter. Arrow Investment Advisors LLC now owns 50,039 shares of the shipping company’s stock valued at $698,000 after acquiring an additional 10,171 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Dynagas LNG Partners by 20.3% in the second quarter. Ameriprise Financial Inc. now owns 42,088 shares of the shipping company’s stock valued at $644,000 after acquiring an additional 7,095 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Dynagas LNG Partners in the fourth quarter valued at about $416,000. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of Dynagas LNG Partners in the fourth quarter valued at about $380,000. Institutional investors and hedge funds own 17.40% of the company’s stock.
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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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