Zacks Investment Research cut shares of Dynagas LNG Partners LP (NYSE:DLNG) from a hold rating to a sell rating in a research note issued to investors on Tuesday, November 7th.
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. “
Other analysts have also issued research reports about the company. BidaskClub lowered Dynagas LNG Partners from a sell rating to a strong sell rating in a report on Saturday, September 2nd. Maxim Group set a $18.00 target price on Dynagas LNG Partners and gave the stock a buy rating in a research note on Wednesday, August 30th. Jefferies Group LLC reaffirmed a buy rating and issued a $19.00 price target on shares of Dynagas LNG Partners in a research note on Tuesday, August 22nd. Finally, Stifel Nicolaus reaffirmed a buy rating and set a $19.00 price target on shares of Dynagas LNG Partners in a research report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of $17.20.
Dynagas LNG Partners (NYSE:DLNG) traded down $0.19 during trading on Tuesday, hitting $12.52. The company’s stock had a trading volume of 70,280 shares, compared to its average volume of 153,220. Dynagas LNG Partners has a twelve month low of $12.21 and a twelve month high of $17.93. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 2.65. The company has a market cap of $444.33, a price-to-earnings ratio of 9.09 and a beta of 1.08.
Dynagas LNG Partners (NYSE:DLNG) last posted its earnings results on Tuesday, September 5th. The shipping company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.10). The firm had revenue of $31.98 million during the quarter, compared to analysts’ expectations of $33.70 million. Dynagas LNG Partners had a return on equity of 19.22% and a net margin of 26.03%. research analysts expect that Dynagas LNG Partners will post 0.78 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 19th. Stockholders of record on Thursday, October 12th were given a $0.4225 dividend. This represents a $1.69 annualized dividend and a dividend yield of 13.50%. The ex-dividend date was Wednesday, October 11th. Dynagas LNG Partners’s dividend payout ratio (DPR) is currently 143.22%.
A number of institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. acquired a new position in Dynagas LNG Partners during the 1st quarter worth about $643,000. Renaissance Technologies LLC lifted its position in Dynagas LNG Partners by 68.0% during the 1st quarter. Renaissance Technologies LLC now owns 270,126 shares of the shipping company’s stock valued at $4,760,000 after purchasing an additional 109,302 shares during the period. Bank of America Corp DE lifted its position in Dynagas LNG Partners by 10.4% during 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 purchasing an additional 60,224 shares during the period. Goldman Sachs Group Inc. lifted its position in Dynagas LNG Partners by 86.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 31,099 shares of the shipping company’s stock valued at $548,000 after purchasing an additional 14,378 shares during the period. Finally, Proficio Capital Partners LLC lifted its position in Dynagas LNG Partners by 48.5% during the 2nd quarter. Proficio Capital Partners LLC now owns 73,050 shares of the shipping company’s stock valued at $1,075,000 after purchasing an additional 23,850 shares during the period. 19.62% of the stock is currently owned by hedge funds and other institutional investors.
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).
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