Dynagas LNG Partners LP (DLNG) Stock Rating Upgraded by Zacks Investment Research
Dynagas LNG Partners LP (NYSE:DLNG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday.
According to Zacks, “Dynagas LNG Partners LP is focused on owning and operating LNG carriers that are employed on multi-year contracts with international energy companies. Dynagas LNG Partners LP is based in Glyfada, Greece. “
A number of other research analysts also recently issued reports on DLNG. Stifel Nicolaus reiterated a “buy” rating and set a $19.00 target price on shares of Dynagas LNG Partners in a research report on Friday, July 21st. BidaskClub downgraded shares of Dynagas LNG Partners from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Maxim Group set a $18.00 target price on shares of Dynagas LNG Partners and gave the company a “buy” rating in a research report on Wednesday, August 30th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $19.00 target price on shares of Dynagas LNG Partners in a research report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $17.20.
Dynagas LNG Partners (NYSE DLNG) traded up $0.04 during trading hours on Monday, reaching $13.23. 47,000 shares of the company traded hands, compared to its average volume of 154,127. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 2.65. Dynagas LNG Partners has a twelve month low of $12.21 and a twelve month high of $17.93. The firm has a market cap of $470.00, a P/E ratio of 9.66 and a beta of 1.08.
Dynagas LNG Partners (NYSE:DLNG) last posted its earnings results on Tuesday, September 5th. The shipping company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.10). The business had revenue of $31.98 million for the quarter, compared to analyst estimates of $33.70 million. Dynagas LNG Partners had a return on equity of 19.22% and a net margin of 26.03%. equities analysts predict that Dynagas LNG Partners will post 0.78 earnings per share for the current fiscal year.
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A number of hedge funds have recently made changes to their positions in DLNG. Renaissance Technologies LLC increased its stake in Dynagas LNG Partners by 68.0% during the 1st quarter. Renaissance Technologies LLC now owns 270,126 shares of the shipping company’s stock valued at $4,760,000 after purchasing an additional 109,302 shares in the last quarter. Bank of America Corp DE increased its stake in Dynagas LNG Partners by 10.4% during the 1st quarter. Bank of America Corp DE now owns 638,715 shares of the shipping company’s stock valued at $11,254,000 after purchasing an additional 60,224 shares in the last quarter. Arrow Investment Advisors LLC bought a new stake in Dynagas LNG Partners during the 2nd quarter valued at $610,000. Ameriprise Financial Inc. bought a new stake in Dynagas LNG Partners during the 1st quarter valued at $643,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in Dynagas LNG Partners during the 2nd quarter valued at $367,000. Institutional investors and hedge funds own 19.62% of the company’s stock.
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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