Dynagas LNG Partners (NYSE:DLNG)‘s stock had its “buy” rating reissued by research analysts at Maxim Group in a research report issued on Thursday, MarketBeat.com reports. They presently have a $15.00 price objective on the shipping company’s stock, down from their previous price objective of $18.00. Maxim Group’s price objective would indicate a potential upside of 27.66% from the stock’s previous close.

The analysts wrote, “Dynagas reported 3Q17 results on December 5, 2017, with adjusted earnings and revenue that were lower than our estimate and consensus. However, EBITDA was in-line with our estimate and above consensus.””

Several other equities research analysts have also recently commented on the stock. Stifel Nicolaus set a $19.00 price objective on shares of Dynagas LNG Partners and gave the company a “buy” rating in a research report on Friday, August 25th. Jefferies Group reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Dynagas LNG Partners in a research report on Tuesday, August 22nd. ValuEngine raised shares of Dynagas LNG Partners from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of Dynagas LNG Partners from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. Finally, BidaskClub cut shares of Dynagas LNG Partners from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $16.20.

Shares of Dynagas LNG Partners (NYSE:DLNG) traded up $0.36 during mid-day trading on Thursday, hitting $11.75. 458,080 shares of the stock traded hands, compared to its average volume of 160,422. Dynagas LNG Partners has a one year low of $10.66 and a one year high of $17.93. The firm has a market cap of $404.23, a price-to-earnings ratio of 11.03 and a beta of 1.08. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 2.78.

A number of institutional investors and hedge funds have recently bought and sold shares of DLNG. Arrow Investment Advisors LLC lifted its position in Dynagas LNG Partners by 25.5% during the 3rd quarter. Arrow Investment Advisors LLC now owns 50,039 shares of the shipping company’s stock worth $698,000 after buying an additional 10,171 shares in the last quarter. Royal Bank of Canada lifted its position in Dynagas LNG Partners by 45.4% during the 2nd quarter. Royal Bank of Canada now owns 7,043 shares of the shipping company’s stock worth $107,000 after buying an additional 2,200 shares in the last quarter. California Public Employees Retirement System lifted its position in Dynagas LNG Partners by 2.2% during the 2nd quarter. California Public Employees Retirement System now owns 254,900 shares of the shipping company’s stock worth $3,897,000 after buying an additional 5,500 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Dynagas LNG Partners by 20.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 42,088 shares of the shipping company’s stock worth $644,000 after buying an additional 7,095 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in Dynagas LNG Partners during the 2nd quarter worth about $367,000. 17.36% of the stock is currently owned by institutional investors and hedge funds.

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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).

Analyst Recommendations for Dynagas LNG Partners (NYSE:DLNG)

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