Dynagas LNG Partners LP (DLNG) Rating Reiterated by Jefferies Group LLC
Dynagas LNG Partners LP (NYSE:DLNG)‘s stock had its “buy” rating reissued by equities research analysts at Jefferies Group LLC in a report issued on Tuesday.
Other equities research analysts have also issued reports about the company. Zacks Investment Research upgraded Dynagas LNG Partners from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 8th. BidaskClub lowered Dynagas LNG Partners from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Stifel Nicolaus reiterated a “buy” rating and issued a $19.00 price objective on shares of Dynagas LNG Partners in a research report on Sunday, October 1st. Finally, Maxim Group reiterated a “buy” rating and issued a $18.00 price objective on shares of Dynagas LNG Partners in a research report on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $17.20.
Shares of Dynagas LNG Partners (NYSE DLNG) traded up 0.15% during trading on Tuesday, reaching $13.09. The company’s stock had a trading volume of 91,183 shares. Dynagas LNG Partners has a 52-week low of $12.76 and a 52-week high of $17.93. The stock has a market cap of $465.02 million, a price-to-earnings ratio of 13.78 and a beta of 1.10. The stock’s 50 day moving average price is $13.56 and its 200-day moving average price is $14.69.
Dynagas LNG Partners (NYSE:DLNG) last issued its quarterly earnings data on Tuesday, September 5th. The shipping company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.10). The business had revenue of $31.98 million during the quarter, compared to the consensus estimate of $33.70 million. Dynagas LNG Partners had a return on equity of 19.22% and a net margin of 26.03%. Equities analysts anticipate that Dynagas LNG Partners will post $0.81 EPS for the current year.
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A number of large investors have recently made changes to their positions in the business. Royal Bank of Canada raised its stake in Dynagas LNG Partners by 45.4% during the second quarter. Royal Bank of Canada now owns 7,043 shares of the shipping company’s stock valued at $107,000 after buying an additional 2,200 shares during the last quarter. California Public Employees Retirement System raised its stake in Dynagas LNG Partners by 2.2% during the second quarter. California Public Employees Retirement System now owns 254,900 shares of the shipping company’s stock valued at $3,897,000 after buying an additional 5,500 shares during the last quarter. Arrow Investment Advisors LLC purchased a new position in Dynagas LNG Partners during the second quarter valued at $610,000. Ameriprise Financial Inc. raised its stake in Dynagas LNG Partners by 20.3% during the second quarter. Ameriprise Financial Inc. now owns 42,088 shares of the shipping company’s stock valued at $644,000 after buying an additional 7,095 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Dynagas LNG Partners during the second quarter valued at $367,000. Institutional investors and hedge funds own 19.62% 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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