Dynagas LNG Partners Receives Overweight Rating from Barclays (DLNG)
Dynagas LNG Partners (NASDAQ:DLNG)‘s stock had its “overweight” rating reaffirmed by Barclays in a research note issued on Tuesday, AR Network reports. They currently have a $25.00 price target on the stock. Barclays’ price objective would suggest a potential upside of 14.63% from the stock’s previous close.
Separately, analysts at Zacks upgraded shares of Dynagas LNG Partners from a “neutral” rating to an “outperform” rating in a research note on Friday, April 11th. They now have a $23.10 price target on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Dynagas LNG Partners currently has a consensus rating of “Buy” and an average price target of $22.72.
Dynagas LNG Partners (NASDAQ:DLNG) traded up 0.41% during mid-day trading on Tuesday, hitting $21.90. 9,721 shares of the company’s stock traded hands. Dynagas LNG Partners has a 52 week low of $16.75 and a 52 week high of $23.79. The stock’s 50-day moving average is $21.71 and its 200-day moving average is $21.11. The company has a market cap of $657.0 million and a price-to-earnings ratio of 10.87.
Dynagas LNG Partners (NASDAQ:DLNG) last released its earnings data on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. Analysts expect that Dynagas LNG Partners will post $1.52 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, May 12th. Investors of record on Monday, May 5th will be given a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 6.69%. The ex-dividend date of this dividend is Thursday, May 1st.
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