Dynagas LNG Partners (DLNG) Lowered to “Sell” at Zacks Investment Research

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).

Analyst Recommendations for Dynagas LNG Partners (NYSE:DLNG)

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