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.

Analyst Recommendations for Dynagas LNG Partners (NYSE:DLNG)

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%.

TRADEMARK VIOLATION WARNING: “Dynagas LNG Partners LP (DLNG) PT Set at $20.00 by Maxim Group” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/05/23/dynagas-lng-partners-lp-dlng-pt-set-at-20-00-by-maxim-group.html.

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).

12 Month Chart for NYSE:DLNG

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.