Dynagas LNG Partners LP (NYSE:DLNG) Given Buy Rating at Stifel Nicolaus
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.
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).
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