Dynagas LNG Partners Receives Average Rating of “Buy” from Brokerages (NASDAQ:DLNG)
Dynagas LNG Partners (NASDAQ:DLNG) has been given a consensus recommendation of “Buy” by the eight analysts that are currently covering the company, Analyst Ratings Network.com reports. Seven analysts have rated the stock with a buy rating, The average twelve-month target price among brokers that have issued a report on the stock in the last year is $25.38.
A number of analysts have recently weighed in on DLNG shares. Analysts at Morgan Stanley raised their price target on shares of Dynagas LNG Partners to $26.00 in a research note on Thursday, August 7th. Separately, analysts at Zacks upgraded shares of Dynagas LNG Partners from a “neutral” rating to an “outperform” rating in a research note on Monday, July 21st. They now have a $26.00 price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Dynagas LNG Partners in a research note on Monday, June 16th. They now have a $28.00 price target on the stock, up previously from $25.00.
Shares of Dynagas LNG Partners (NASDAQ:DLNG) traded down 0.30% on Wednesday, hitting $23.40. The stock had a trading volume of 5,424 shares. Dynagas LNG Partners has a 52-week low of $16.75 and a 52-week high of $25.50. The stock has a 50-day moving average of $24.04 and a 200-day moving average of $22.69. The company has a market cap of $831.3 million and a P/E ratio of 14.39.
Dynagas LNG Partners (NASDAQ:DLNG) last announced its earnings results on Wednesday, August 6th. The company reported $0.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.02. Analysts expect that Dynagas LNG Partners will post $1.57 EPS 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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