Dynagas LNG Partners (DLNG) PT Lowered to $11.50 at Morgan Stanley

Dynagas LNG Partners (NYSE:DLNG) had its price objective reduced by analysts at Morgan Stanley from $13.00 to $11.50 in a note issued to investors on Monday. The firm presently has an “equal weight” rating on the shipping company’s stock. Morgan Stanley’s price target indicates a potential upside of 6.19% from the company’s previous close.

DLNG has been the subject of several other reports. Zacks Investment Research raised Dynagas LNG Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. ValuEngine raised Dynagas LNG Partners from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Jefferies Group reissued a “buy” rating on shares of Dynagas LNG Partners in a research note on Tuesday, October 31st. Stifel Nicolaus downgraded Dynagas LNG Partners from a “buy” rating to a “hold” rating and reduced their price objective for the company from $17.00 to $11.00 in a research note on Thursday, December 28th. Finally, Maxim Group reissued 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $14.70.

Dynagas LNG Partners (NYSE:DLNG) traded up $0.03 during midday trading on Monday, reaching $10.83. The company had a trading volume of 153,467 shares, compared to its average volume of 187,044. Dynagas LNG Partners has a 1 year low of $10.49 and a 1 year high of $17.93. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 2.78. The firm has a market cap of $545.01, a P/E ratio of 13.37 and a beta of 1.14.

Dynagas LNG Partners (NYSE:DLNG) last posted its quarterly earnings data on Tuesday, December 5th. The shipping company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ 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%. research analysts predict that Dynagas LNG Partners will post 0.75 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of DLNG. Ameriprise Financial Inc. increased its stake 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 acquiring an additional 7,095 shares during the last quarter. California Public Employees Retirement System increased its stake 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 acquiring an additional 5,500 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Dynagas LNG Partners by 45.4% in the 2nd quarter. Royal Bank of Canada now owns 7,043 shares of the shipping company’s stock worth $107,000 after acquiring an additional 2,200 shares during the last quarter. Arrow Investment Advisors LLC increased its stake 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 acquiring an additional 10,171 shares during the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of Dynagas LNG Partners in the 4th quarter worth $380,000. 17.40% of the stock is owned by institutional investors and hedge funds.

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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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