BidaskClub cut shares of Dynagas LNG Partners LP (NYSE:DLNG) from a sell rating to a strong sell rating in a research note published on Saturday, September 2nd.
DLNG has been the subject of several other research reports. Stifel Nicolaus set a $19.00 target price on shares of Dynagas LNG Partners and gave the company a buy rating in a research note on Friday, August 25th. Jefferies Group LLC restated a buy rating and set a $19.00 price target on shares of Dynagas LNG Partners in a research report on Monday, June 12th. Maxim Group set a $18.00 price target on shares of Dynagas LNG Partners and gave the stock a buy rating in a research report on Wednesday, August 30th. Zacks Investment Research upgraded shares of Dynagas LNG Partners from a sell rating to a hold rating in a research report on Tuesday, June 6th. Finally, Morgan Stanley lowered their price target on shares of Dynagas LNG Partners to $13.00 and set an equal weight rating for the company in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $15.92.
Shares of Dynagas LNG Partners (DLNG) opened at 13.30 on Friday. Dynagas LNG Partners has a 52 week low of $12.76 and a 52 week high of $17.93. The firm has a 50-day moving average of $14.17 and a 200 day moving average of $15.47. The company has a market cap of $472.48 million, a P/E ratio of 14.00 and a beta of 1.11.
Dynagas LNG Partners (NYSE:DLNG) last released its earnings results on Tuesday, September 5th. The shipping company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.10). Dynagas LNG Partners had a net margin of 26.03% and a return on equity of 19.22%. The business had revenue of $31.98 million for the quarter, compared to the consensus estimate of $33.70 million. Equities analysts expect that Dynagas LNG Partners will post $0.81 EPS for the current fiscal year.
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A number of institutional investors and hedge funds have recently made changes to their positions in DLNG. Ameriprise Financial Inc. bought a new position in Dynagas LNG Partners in the 1st quarter valued at about $643,000. Van ECK Associates Corp acquired a new stake in Dynagas LNG Partners in the 1st quarter valued at about $4,484,000. Renaissance Technologies LLC lifted its holdings in Dynagas LNG Partners by 68.0% in the 1st quarter. Renaissance Technologies LLC now owns 270,126 shares of the shipping company’s stock valued at $4,760,000 after acquiring an additional 109,302 shares during the last quarter. Bank of America Corp DE lifted its holdings in Dynagas LNG Partners by 10.4% in the 1st quarter. Bank of America Corp DE now owns 638,715 shares of the shipping company’s stock valued at $11,254,000 after acquiring an additional 60,224 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Dynagas LNG Partners by 86.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 31,099 shares of the shipping company’s stock valued at $548,000 after acquiring an additional 14,378 shares during the last quarter. Hedge funds and other institutional investors own 19.63% of the company’s stock.
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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