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) 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).
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