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

Shares of Dynagas LNG Partners LP (NYSE:DLNG) have been assigned an average rating of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $14.70.

Several research firms recently issued reports on DLNG. Zacks Investment Research cut shares of Dynagas LNG Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. ValuEngine upgraded shares of Dynagas LNG Partners from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Jefferies Group reiterated a “buy” rating on shares of Dynagas LNG Partners in a research note on Tuesday, October 31st. Stifel Nicolaus reiterated a “buy” rating and issued a $17.00 target price on shares of Dynagas LNG Partners in a research note on Wednesday, December 6th. Finally, Maxim Group reiterated a “buy” rating and issued a $15.00 target price (down from $18.00) on shares of Dynagas LNG Partners in a research note on Thursday, December 14th.

Shares of Dynagas LNG Partners (NYSE:DLNG) traded up $0.08 during midday trading on Wednesday, reaching $11.02. 71,104 shares of the company’s stock traded hands, compared to its average volume of 178,340. The company has a debt-to-equity ratio of 2.78, a quick ratio of 2.95 and a current ratio of 2.95. Dynagas LNG Partners has a twelve month low of $10.49 and a twelve month high of $17.93. The firm has a market cap of $552.59, a PE ratio of 13.59 and a beta of 1.14.

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 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%. sell-side analysts forecast that Dynagas LNG Partners will post 0.77 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Investors of record on Thursday, January 11th were paid a $0.4225 dividend. This represents a $1.69 annualized dividend and a dividend yield of 15.34%. The ex-dividend date of this dividend was Wednesday, January 10th. Dynagas LNG Partners’s dividend payout ratio is currently 208.64%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada lifted 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 valued at $107,000 after purchasing an additional 2,200 shares during the period. SeaCrest Wealth Management LLC acquired a new position in Dynagas LNG Partners during the fourth quarter worth $380,000. Arrow Investment Advisors LLC raised its position in 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 acquiring an additional 10,171 shares during the period. California Public Employees Retirement System raised 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 acquiring an additional 5,500 shares during the period. Finally, Ameriprise Financial Inc. raised its position in 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 acquiring an additional 7,095 shares during the period. Hedge funds and other institutional investors 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).

Analyst Recommendations for Dynagas LNG Partners (NYSE:DLNG)

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