Maxim Group Begins Coverage on Dynagas LNG Partners LP (DLNG)
Stock analysts at Maxim Group began coverage on shares of Dynagas LNG Partners LP (NYSE:DLNG) in a research report issued on Tuesday, The Fly reports. The brokerage set a “buy” rating on the stock.
A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Dynagas LNG Partners from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a research note on Monday, August 1st. Wells Fargo & Co. started coverage on shares of Dynagas LNG Partners in a research note on Monday, September 19th. They issued a “market perform” rating and a $9.50 price target on the stock. Jefferies Group started coverage on shares of Dynagas LNG Partners in a research note on Tuesday, September 13th. They issued a “buy” rating and a $18.00 price target on the stock. Finally, Clarkson Capital reissued a “buy” rating on shares of Dynagas LNG Partners in a research note on Friday, September 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $15.75.
Dynagas LNG Partners (NYSE:DLNG) traded up 1.46% during midday trading on Tuesday, reaching $15.33. 316,271 shares of the company were exchanged. Dynagas LNG Partners has a 52 week low of $6.70 and a 52 week high of $16.25. The firm has a 50-day moving average price of $15.35 and a 200-day moving average price of $14.28. The company has a market capitalization of $544.60 million, a PE ratio of 9.30 and a beta of 1.13.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/18/maxim-group-begins-coverage-on-dynagas-lng-partners-lp-dlng.html
Dynagas LNG Partners (NYSE:DLNG) last issued its earnings results on Thursday, July 28th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The company had revenue of $43.60 million for the quarter, compared to the consensus estimate of $42.32 million. Dynagas LNG Partners had a net margin of 40.76% and a return on equity of 20.23%. Equities research analysts anticipate that Dynagas LNG Partners will post $1.84 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 18th. Investors of record on Tuesday, October 11th will be issued a $0.4225 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 11.02%. The ex-dividend date is Thursday, October 6th. Dynagas LNG Partners’s dividend payout ratio (DPR) is currently 103.05%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its position in shares of Dynagas LNG Partners by 21.4% in the first quarter. Royal Bank of Canada now owns 11,362 shares of the company’s stock worth $130,000 after buying an additional 2,005 shares during the period. Pointe Capital Management LLC boosted its position in Dynagas LNG Partners by 5.6% in the second quarter. Pointe Capital Management LLC now owns 37,720 shares of the company’s stock valued at $515,000 after buying an additional 1,987 shares during the period. Buckingham Asset Management LLC purchased a new position in Dynagas LNG Partners during the second quarter valued at approximately $683,000. JPMorgan Chase & Co. boosted its position in Dynagas LNG Partners by 15,809.0% in the second quarter. JPMorgan Chase & Co. now owns 47,727 shares of the company’s stock valued at $651,000 after buying an additional 47,427 shares during the period. Finally, Barclays PLC purchased a new position in Dynagas LNG Partners during the second quarter valued at approximately $225,000. Hedge funds and other institutional investors own 29.17% of the company’s stock.
Dynagas LNG Partners Company Profile
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.
Receive News & Ratings for Dynagas LNG Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynagas LNG Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.