Dynagas LNG Partners LP (DLNG) PT Set at $20.00 by Maxim Group
Dynagas LNG Partners LP (NYSE:DLNG) has been given a $20.00 target price by Maxim Group in a note issued to investors on Monday. The firm presently has a “buy” rating on the shipping company’s stock. Maxim Group’s target price would suggest a potential upside of 23.99% from the stock’s current price.
A number of other brokerages have also recently commented on DLNG. Zacks Investment Research cut Dynagas LNG Partners from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Stifel Nicolaus lifted their target price on Dynagas LNG Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, April 6th. Finally, Clarkson Capital cut Dynagas LNG Partners from a “buy” rating to a “neutral” rating and set a $17.00 target price for the company. in a report on Wednesday, March 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.58.
Shares of Dynagas LNG Partners (NYSE:DLNG) traded down 0.37% on Monday, hitting $16.13. The stock had a trading volume of 78,219 shares. The stock has a market capitalization of $573.02 million, a P/E ratio of 9.53 and a beta of 1.21. The firm has a 50-day moving average price of $16.65 and a 200-day moving average price of $16.14. Dynagas LNG Partners has a 52 week low of $12.40 and a 52 week high of $17.93.
Dynagas LNG Partners (NYSE:DLNG) last issued its earnings results on Monday, February 27th. The shipping company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. The company had revenue of $41.39 million for the quarter, compared to the consensus estimate of $41.52 million. Dynagas LNG Partners had a return on equity of 21.28% and a net margin of 40.01%. Equities analysts expect that Dynagas LNG Partners will post $1.35 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Friday, April 21st were issued a $0.4225 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 10.48%. The ex-dividend date was Wednesday, April 19th. Dynagas LNG Partners’s dividend payout ratio (DPR) is 101.20%.
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A number of institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its position in Dynagas LNG Partners by 1,073.9% in the fourth quarter. Renaissance Technologies LLC now owns 160,824 shares of the shipping company’s stock worth $2,570,000 after buying an additional 147,124 shares during the last quarter. Guggenheim Capital LLC boosted its position in Dynagas LNG Partners by 19.6% in the fourth quarter. Guggenheim Capital LLC now owns 114,123 shares of the shipping company’s stock worth $1,824,000 after buying an additional 18,716 shares during the last quarter. GSA Capital Partners LLP boosted its position in Dynagas LNG Partners by 72.0% in the fourth quarter. GSA Capital Partners LLP now owns 52,800 shares of the shipping company’s stock worth $844,000 after buying an additional 22,100 shares during the last quarter. Pointe Capital Management LLC boosted its position in Dynagas LNG Partners by 0.3% in the third quarter. Pointe Capital Management LLC now owns 37,839 shares of the shipping company’s stock worth $586,000 after buying an additional 119 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Dynagas LNG Partners by 86.0% in the first quarter. Goldman Sachs Group Inc. now owns 31,099 shares of the shipping company’s stock worth $548,000 after buying an additional 14,378 shares during the last quarter. Institutional investors own 46.09% of the company’s stock.
About Dynagas LNG Partners
Dynagas LNG Partners LP is a limited partnership, which focuses on owning and operating liquid natural gas (LNG) carriers. The Company’s vessels are employed on multi-year time charters with international energy companies. As of December 31, 2016, the Company owned and operated a fleet of six LNG carriers, consisting of the three LNG carriers in its Initial Fleet, the Clean Energy, the Ob River and the Amur River, and three 2013-built Ice Class LNG carriers that the Company acquired from its Sponsor the Arctic Aurora, the Yenisei River, and the Lena River (collectively referred as its Fleet).
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