Equities research analysts at Jefferies Group initiated coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a report issued on Monday, December 18th. The firm set a “buy” rating and a $19.00 price target on the shipping company’s stock. Jefferies Group’s price target would suggest a potential upside of 62.95% from the company’s current price.
Several other brokerages also recently issued reports on DLNG. 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. BidaskClub downgraded shares of Dynagas LNG Partners from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 2nd. Zacks Investment Research downgraded shares of Dynagas LNG Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Maxim Group set a $18.00 price objective on shares of Dynagas LNG Partners and gave the company a “buy” rating in a research report on Wednesday, August 30th. Finally, ValuEngine upgraded shares of Dynagas LNG Partners from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Dynagas LNG Partners has a consensus rating of “Hold” and an average price target of $15.00.
Shares of Dynagas LNG Partners (DLNG) traded down $0.25 on Monday, reaching $11.66. 236,920 shares of the company’s stock were exchanged, compared to its average volume of 308,711. The stock has a market capitalization of $590.97, a PE ratio of 14.40 and a beta of 1.07. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 2.78. Dynagas LNG Partners has a twelve month low of $10.66 and a twelve month high of $17.93.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in shares of Dynagas LNG Partners by 45.4% in the second quarter. Royal Bank of Canada now owns 7,043 shares of the shipping company’s stock worth $107,000 after purchasing an additional 2,200 shares in the last quarter. Arrow Investment Advisors LLC purchased a new position in Dynagas LNG Partners during the second quarter valued at $610,000. California Public Employees Retirement System grew its stake 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 valued at $3,897,000 after acquiring an additional 5,500 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in Dynagas LNG Partners during the second quarter valued at $238,000. Finally, Ameriprise Financial Inc. grew its stake 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 valued at $644,000 after acquiring an additional 7,095 shares in the last quarter. Institutional investors and hedge funds own 17.36% of the company’s stock.
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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).
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