Dynagas LNG Partners LP (DLNG) Receives Average Rating of “Hold” from Analysts
Dynagas LNG Partners LP (NYSE:DLNG) has been given an average rating of “Hold” by the nine brokerages that are currently covering the firm. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $15.17.
DLNG has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Dynagas LNG Partners from a “buy” rating to a “hold” rating in a report on Monday, October 3rd. Clarkson Capital reissued a “buy” rating on shares of Dynagas LNG Partners in a report on Friday, September 23rd. Wells Fargo & Co. initiated coverage on shares of Dynagas LNG Partners in a report on Monday, September 19th. They set a “market perform” rating and a $9.50 price objective on the stock. Finally, Jefferies Group initiated coverage on shares of Dynagas LNG Partners in a report on Tuesday, September 13th. They set a “buy” rating and a $18.00 price objective on the stock.
Dynagas LNG Partners (NYSE:DLNG) traded down 1.34% during midday trading on Wednesday, hitting $15.46. 41,847 shares of the stock were exchanged. The company has a 50 day moving average price of $15.29 and a 200 day moving average price of $14.10. Dynagas LNG Partners has a one year low of $6.70 and a one year high of $16.25. The firm has a market capitalization of $549.22 million, a price-to-earnings ratio of 9.38 and a beta of 1.14.
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Dynagas LNG Partners (NYSE:DLNG) last posted its earnings results on Thursday, July 28th. The company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.05. Dynagas LNG Partners had a net margin of 40.76% and a return on equity of 20.23%. The business had revenue of $43.60 million for the quarter, compared to analyst estimates of $42.32 million. Equities analysts anticipate that Dynagas LNG Partners will post $1.84 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 18th. Stockholders of record on Tuesday, October 11th will be paid a $0.4225 dividend. This represents a $1.69 annualized dividend and a dividend yield of 10.78%. The ex-dividend date of this dividend is Thursday, October 6th. Dynagas LNG Partners’s dividend payout ratio (DPR) is presently 103.05%.
Several hedge funds and other institutional investors have recently modified their holdings of DLNG. Cohen & Steers Inc. raised its position in shares of Dynagas LNG Partners by 361.2% in the second quarter. Cohen & Steers Inc. now owns 688,177 shares of the company’s stock valued at $38,304,000 after buying an additional 538,977 shares during the period. Stifel Financial Corp increased its stake in shares of Dynagas LNG Partners by 54.2% in the second quarter. Stifel Financial Corp now owns 33,730 shares of the company’s stock worth $460,000 after buying an additional 11,859 shares in the last quarter. Guggenheim Capital LLC purchased a new stake in shares of Dynagas LNG Partners during the second quarter worth $867,000. Barclays PLC purchased a new stake in shares of Dynagas LNG Partners during the second quarter worth $225,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Dynagas LNG Partners by 15,809.0% in the second quarter. JPMorgan Chase & Co. now owns 47,727 shares of the company’s stock worth $651,000 after buying an additional 47,427 shares in the last quarter. 29.15% of the stock is currently owned by institutional investors.
About Dynagas LNG Partners
Dynagas LNG Partners LP is organized for the purpose of owning, operating, and acquiring liquid natural gas (LNG) carriers. The Company is focused on owning and operating LNG carriers. The Company operates in the segment relating to its operations as it operates solely LNG vessels. The Company’s vessels are employed on multi-year time charters, which the Company defines as charters of over two years or more, with international energy companies.
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