Dynagas LNG Partners LP (NYSE:DLNG)‘s stock had its “buy” rating reaffirmed by stock analysts at Stifel Nicolaus in a research note issued to investors on Friday. They presently have a $19.00 price target on the shipping company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 25.99% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Maxim Group set a $20.00 target price on Dynagas LNG Partners and gave the stock a “buy” rating in a research report on Monday, May 22nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $19.00 target price on shares of Dynagas LNG Partners in a research report on Monday, June 12th. Morgan Stanley cut their target price on Dynagas LNG Partners to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 13th. Finally, Zacks Investment Research raised Dynagas LNG Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $16.21.

Shares of Dynagas LNG Partners (DLNG) traded down 0.33% during midday trading on Friday, hitting $15.08. The company had a trading volume of 127,915 shares. Dynagas LNG Partners has a 12 month low of $12.76 and a 12 month high of $17.93. The stock’s 50-day moving average price is $14.84 and its 200-day moving average price is $16.12. The company has a market cap of $535.72 million, a price-to-earnings ratio of 9.59 and a beta of 1.11.

Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly earnings results on Thursday, June 8th. The shipping company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.03. Dynagas LNG Partners had a return on equity of 23.74% and a net margin of 37.68%. The company had revenue of $39.09 million during the quarter, compared to analyst estimates of $40.38 million. On average, equities research analysts forecast that Dynagas LNG Partners will post $1.02 EPS for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of DLNG. Clearbridge Investments LLC raised its position in Dynagas LNG Partners by 16.3% in the first quarter. Clearbridge Investments LLC now owns 1,469,530 shares of the shipping company’s stock valued at $25,893,000 after buying an additional 205,730 shares during the last quarter. Pointe Capital Management LLC acquired a new position in Dynagas LNG Partners during the first quarter valued at $526,000. Proficio Capital Partners LLC raised its position in Dynagas LNG Partners by 33.0% in the first quarter. Proficio Capital Partners LLC now owns 49,200 shares of the shipping company’s stock valued at $757,000 after buying an additional 12,200 shares during the last quarter. Goldman Sachs Group Inc. raised 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 valued at $548,000 after buying an additional 14,378 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Dynagas LNG Partners by 10.4% in the first quarter. Bank of America Corp DE now owns 638,715 shares of the shipping company’s stock valued at $11,254,000 after buying an additional 60,224 shares during the last quarter. 21.80% of the stock is currently owned by hedge funds and other institutional investors.

Dynagas LNG Partners Company Profile

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).

Analyst Recommendations for Dynagas LNG Partners (NYSE:DLNG)

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