Dynagas LNG Partners Given Outperform Rating at Credit Suisse (DLNG)
Dynagas LNG Partners (NASDAQ:DLNG)‘s stock had its “outperform” rating reiterated by stock analysts at Credit Suisse in a report issued on Monday. They currently have a $28.00 price target on the stock, up from their previous price target of $25.00. Credit Suisse’s target price suggests a potential upside of 20.38% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus initiated coverage on shares of Dynagas LNG Partners in a research note on Friday, May 23rd. They set a “buy” rating and a $26.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Dynagas LNG Partners from $20.00 to $22.00 in a research note on Tuesday, May 20th. They now have an “outperform” rating on the stock. Finally, analysts at Clarkson Capital initiated coverage on shares of Dynagas LNG Partners in a research note on Monday, May 19th. They set an “outperform” rating and a $26.00 price target on the stock. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Dynagas LNG Partners currently has a consensus rating of “Buy” and a consensus price target of $24.59.
Dynagas LNG Partners (NASDAQ:DLNG) traded up 0.37% during mid-day trading on Monday, hitting $23.347. 154,178 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 $25.00. The stock’s 50-day moving average is $22.86 and its 200-day moving average is $21.72. The company has a market cap of $700.4 million and a P/E ratio of 12.70.
Dynagas LNG Partners (NASDAQ:DLNG) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. On average, analysts predict that Dynagas LNG Partners will post $1.57 earnings per share for the current fiscal year.
Dynagas LNG Partners LP is a growth-oriented limited partnership focused on owning and operating LNG carriers.
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