Dynagas LNG Partners (DLNG) Downgraded to Sell at Zacks Investment Research

Dynagas LNG Partners (NYSE:DLNG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” 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. “

DLNG has been the topic of a number of other reports. Jefferies Group initiated coverage on Dynagas LNG Partners in a research report on Monday, December 18th. They issued a “buy” rating and a $19.00 price objective on the stock. ValuEngine lowered Dynagas LNG Partners from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Maxim Group reiterated a “buy” rating and issued a $15.00 price objective (down from $18.00) on shares of Dynagas LNG Partners in a research report on Thursday, December 14th. Stifel Nicolaus reiterated a “buy” rating and issued a $17.00 price objective on shares of Dynagas LNG Partners in a research report on Wednesday, December 6th. Finally, Morgan Stanley decreased their price objective on Dynagas LNG Partners from $13.00 to $11.50 and set an “equal weight” rating on the stock in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $14.70.

Shares of Dynagas LNG Partners (DLNG) traded up $0.03 on Monday, reaching $10.83. The company’s stock had a trading volume of 153,467 shares, compared to its average volume of 197,996. The company has a market cap of $547.03, a price-to-earnings ratio of 13.37 and a beta of 1.14. The company has a debt-to-equity ratio of 2.78, a current ratio of 2.95 and a quick ratio of 2.95. Dynagas LNG Partners has a 52-week low of $10.49 and a 52-week high of $17.93.

Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly earnings data on Tuesday, December 5th. The shipping company reported $0.15 EPS for the quarter, missing the Zacks’ 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 analysts forecast that Dynagas LNG Partners will post 0.75 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of DLNG. Virtu Financial LLC bought a new position in shares of Dynagas LNG Partners in the 4th quarter worth $416,000. SeaCrest Wealth Management LLC bought a new position in shares of Dynagas LNG Partners in the 4th quarter worth $380,000. Arrow Investment Advisors LLC boosted its position in shares of Dynagas LNG Partners by 25.5% in the 3rd 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 position in shares of Dynagas LNG Partners by 20.3% in the 2nd 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, California Public Employees Retirement System boosted its position in shares of Dynagas LNG Partners by 2.2% in the 2nd quarter. California Public Employees Retirement System now owns 254,900 shares of the shipping company’s stock worth $3,897,000 after purchasing an additional 5,500 shares during the last quarter. Institutional investors and hedge funds own 17.40% of the company’s stock.

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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).

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