Zacks Investment Research upgraded shares of Dynagas LNG Partners (NYSE:DLNG) from a sell rating to a hold rating in a research report released on Wednesday.
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. “
Several other research firms also recently weighed in on DLNG. ValuEngine upgraded Dynagas LNG Partners from a hold rating to a buy rating in a report on Friday, December 1st. Jefferies Group restated a buy rating on shares of Dynagas LNG Partners in a report on Tuesday, October 31st. Stifel Nicolaus restated a buy rating and issued a $17.00 price objective on shares of Dynagas LNG Partners in a report on Wednesday, December 6th. Maxim Group restated a buy rating and issued a $15.00 price objective (down from $18.00) on shares of Dynagas LNG Partners in a report on Thursday, December 14th. Finally, Morgan Stanley decreased their price objective on Dynagas LNG Partners from $13.00 to $11.50 and set an equal weight rating for the company in a report on Monday, February 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Dynagas LNG Partners has a consensus rating of Hold and an average target price of $14.10.
Shares of Dynagas LNG Partners (NYSE:DLNG) opened at $10.75 on Wednesday. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 2.78. The firm has a market capitalization of $384.74, a PE ratio of 14.44 and a beta of 1.14. Dynagas LNG Partners has a fifty-two week low of $10.49 and a fifty-two week high of $17.93.
Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings data on Tuesday, December 5th. The shipping company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02). The firm had revenue of $33.47 million during the quarter, compared to the consensus estimate of $35.29 million. Dynagas LNG Partners had a net margin of 12.48% and a return on equity of 11.69%. research analysts anticipate that Dynagas LNG Partners will post 0.51 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of DLNG. Royal Bank of Canada grew its stake in Dynagas LNG Partners by 45.4% in the second quarter. Royal Bank of Canada now owns 7,043 shares of the shipping company’s stock valued at $107,000 after purchasing an additional 2,200 shares during the last quarter. Koch Industries Inc. purchased a new position in Dynagas LNG Partners in the fourth quarter valued at about $128,000. Millennium Management LLC purchased a new position in Dynagas LNG Partners in the fourth quarter valued at about $199,000. SeaCrest Wealth Management LLC purchased a new position in Dynagas LNG Partners in the fourth quarter valued at about $380,000. Finally, Virtu Financial LLC purchased a new position in Dynagas LNG Partners in the fourth quarter valued at about $416,000. Institutional investors own 14.50% of the company’s stock.
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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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