Dynagas LNG Partners LP (DLNG) Given Average Recommendation of “Hold” by Brokerages

Shares of Dynagas LNG Partners LP (NYSE:DLNG) have earned an average recommendation of “Hold” from the eight research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given 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 $15.00.

Several research firms recently weighed in on DLNG. Zacks Investment Research raised Dynagas LNG Partners from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Dynagas LNG Partners in a research note on Sunday, October 1st. ValuEngine raised Dynagas LNG Partners from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Jefferies Group reaffirmed a “buy” rating on shares of Dynagas LNG Partners in a research note on Tuesday, October 31st. Finally, Maxim Group reaffirmed a “buy” rating and issued a $15.00 price objective (down from $18.00) on shares of Dynagas LNG Partners in a research note on Thursday, December 14th.

A number of institutional investors have recently added to or reduced their stakes in the business. California Public Employees Retirement System increased its position 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 worth $3,897,000 after buying an additional 5,500 shares in the last quarter. Arrow Investment Advisors LLC boosted 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 worth $698,000 after purchasing an additional 10,171 shares during the last quarter. Ameriprise Financial Inc. boosted 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 worth $644,000 after purchasing an additional 7,095 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of 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 worth $107,000 after purchasing an additional 2,200 shares during the last quarter. 17.36% of the stock is owned by institutional investors.

Dynagas LNG Partners (NYSE:DLNG) traded down $0.09 during midday trading on Friday, reaching $11.59. The company had a trading volume of 115,981 shares, compared to its average volume of 331,585. Dynagas LNG Partners has a 12-month low of $10.66 and a 12-month high of $17.93. The stock has a market cap of $585.42, a P/E ratio of 14.31 and a beta of 1.07. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 2.78.

Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings data on Tuesday, December 5th. The shipping company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02). Dynagas LNG Partners had a net margin of 18.63% and a return on equity of 15.57%. equities research analysts anticipate that Dynagas LNG Partners will post 0.77 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Thursday, January 11th were given a dividend of $0.4225 per share. This represents a $1.69 annualized dividend and a yield of 14.58%. The ex-dividend date was Wednesday, January 10th. Dynagas LNG Partners’s payout ratio is 208.64%.

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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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