Dynagas LNG Partners LP (DLNG) Lowered to Strong Sell at BidaskClub

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).

Analyst Recommendations for Dynagas LNG Partners (NYSE:DLNG)

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