Dynagas LNG Partners LP (NYSE:DLNG) has received a consensus recommendation of “Hold” from the eight analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $17.20.

A number of research analysts recently commented on DLNG shares. Zacks Investment Research raised Dynagas LNG Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub cut Dynagas LNG Partners from a “sell” rating to a “strong sell” rating in a report on Saturday, September 2nd. Stifel Nicolaus boosted their price target on Dynagas LNG Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, July 4th. Maxim Group set a $18.00 price target on Dynagas LNG Partners and gave the stock a “buy” rating in a report on Wednesday, August 30th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $19.00 price target on shares of Dynagas LNG Partners in a report on Tuesday, August 22nd.

A number of large investors have recently added to or reduced their stakes in DLNG. Ameriprise Financial Inc. bought a new stake in Dynagas LNG Partners in the 1st quarter worth approximately $643,000. Renaissance Technologies LLC increased its stake in Dynagas LNG Partners by 68.0% in the 1st quarter. Renaissance Technologies LLC now owns 270,126 shares of the shipping company’s stock worth $4,760,000 after acquiring an additional 109,302 shares during the last quarter. Bank of America Corp DE increased its stake in Dynagas LNG Partners by 10.4% in the 1st quarter. Bank of America Corp DE now owns 638,715 shares of the shipping company’s stock worth $11,254,000 after acquiring an additional 60,224 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Dynagas LNG Partners by 86.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 31,099 shares of the shipping company’s stock worth $548,000 after acquiring an additional 14,378 shares during the last quarter. Finally, Proficio Capital Partners LLC increased its stake in Dynagas LNG Partners by 33.0% in the 1st quarter. Proficio Capital Partners LLC now owns 49,200 shares of the shipping company’s stock worth $757,000 after acquiring an additional 12,200 shares during the last quarter. 19.63% of the stock is currently owned by institutional investors and hedge funds.

Dynagas LNG Partners (NYSE:DLNG) traded up 1.32% on Thursday, hitting $13.79. 420,551 shares of the company traded hands. Dynagas LNG Partners has a 1-year low of $12.76 and a 1-year high of $17.93. The firm’s 50 day moving average price is $13.82 and its 200 day moving average price is $15.09. The firm has a market capitalization of $489.89 million, a PE ratio of 14.52 and a beta of 1.10.

Dynagas LNG Partners (NYSE:DLNG) last posted its quarterly earnings results on Tuesday, September 5th. The shipping company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.10). Dynagas LNG Partners had a return on equity of 19.22% and a net margin of 26.03%. The business had revenue of $31.98 million during the quarter, compared to analysts’ expectations of $33.70 million. Equities research analysts predict that Dynagas LNG Partners will post $0.81 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Thursday, October 12th will be paid a $0.4225 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 12.26%. The ex-dividend date of this dividend is Wednesday, October 11th. Dynagas LNG Partners’s payout ratio is 176.04%.

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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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