Dynagas LNG Partners (DLNG) Upgraded by ValuEngine to “Buy”

Dynagas LNG Partners (NYSE:DLNG) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.

Several other equities research analysts also recently weighed in on the stock. Jefferies Group reaffirmed a “buy” rating on shares of Dynagas LNG Partners in a research note on Tuesday, October 31st. BidaskClub downgraded shares of Dynagas LNG Partners from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 2nd. Zacks Investment Research downgraded shares of Dynagas LNG Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Maxim Group reaffirmed a “buy” rating and issued a $18.00 price target on shares of Dynagas LNG Partners in a research note on Tuesday, September 5th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.00 price target on shares of Dynagas LNG Partners in a research note on Sunday, October 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Dynagas LNG Partners currently has a consensus rating of “Hold” and a consensus target price of $17.20.

Shares of Dynagas LNG Partners (NYSE DLNG) traded down $0.13 during midday trading on Friday, reaching $13.26. 119,353 shares of the company were exchanged, compared to its average volume of 103,391. Dynagas LNG Partners has a fifty-two week low of $12.21 and a fifty-two week high of $17.93. The company has a market capitalization of $471.06, a P/E ratio of 9.68 and a beta of 1.08. The company has a debt-to-equity ratio of 2.65, a current ratio of 3.11 and a quick ratio of 3.11.

Dynagas LNG Partners (NYSE:DLNG) last announced its earnings results on Tuesday, September 5th. The shipping company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $31.98 million for the quarter, compared to the consensus estimate of $33.70 million. analysts anticipate that Dynagas LNG Partners will post 0.78 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of DLNG. Renaissance Technologies LLC grew its holdings in shares of Dynagas LNG Partners by 68.0% during the first quarter. Renaissance Technologies LLC now owns 270,126 shares of the shipping company’s stock valued at $4,760,000 after buying an additional 109,302 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of 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. Proficio Capital Partners LLC grew its holdings in shares of Dynagas LNG Partners by 48.5% during the second quarter. Proficio Capital Partners LLC now owns 73,050 shares of the shipping company’s stock valued at $1,075,000 after buying an additional 23,850 shares during the last quarter. Arrow Investment Advisors LLC grew its holdings in shares of Dynagas LNG Partners by 25.5% during the third quarter. Arrow Investment Advisors LLC now owns 50,039 shares of the shipping company’s stock valued at $698,000 after buying an additional 10,171 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of 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. 17.36% of the stock is owned by hedge funds and other institutional investors.

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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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Dynagas LNG Partners (NYSE:DLNG)

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