Dynagas LNG Partners (NYSE:DLNG) has been assigned a $16.00 target price by equities researchers at Jefferies Group in a report issued on Saturday, February 17th. The brokerage currently has a “buy” rating on the shipping company’s stock. Jefferies Group’s target price indicates a potential upside of 53.99% from the company’s previous close.
Several other research firms also recently issued reports on DLNG. Zacks Investment Research downgraded Dynagas LNG Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. ValuEngine raised Dynagas LNG Partners from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Stifel Nicolaus reissued 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 reissued a “buy” rating and issued a $15.00 target price (down previously from $18.00) on shares of Dynagas LNG Partners in a research note on Thursday, December 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Dynagas LNG Partners has a consensus rating of “Hold” and a consensus target price of $13.38.
Dynagas LNG Partners (DLNG) traded down $0.18 during trading hours on Friday, hitting $10.39. The stock had a trading volume of 75,576 shares, compared to its average volume of 150,218. The firm has a market cap of $524.80, a P/E ratio of 19.60 and a beta of 1.22. The company has a quick ratio of 2.95, a current ratio of 3.08 and a debt-to-equity ratio of 2.90. Dynagas LNG Partners has a fifty-two week low of $10.09 and a fifty-two week high of $17.93.
Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada raised its stake in 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 last quarter. SeaCrest Wealth Management LLC acquired a new position in Dynagas LNG Partners in the 4th quarter valued at about $380,000. Arrow Investment Advisors LLC raised its stake in Dynagas LNG Partners by 25.5% in the 3rd quarter. Arrow Investment Advisors LLC now owns 50,039 shares of the shipping company’s stock valued at $698,000 after purchasing an additional 10,171 shares during the last quarter. Virtu Financial LLC acquired a new position in Dynagas LNG Partners in the 4th quarter valued at about $416,000. Finally, California Public Employees Retirement System raised its stake in Dynagas LNG Partners by 2.2% in the 2nd quarter. California Public Employees Retirement System now owns 254,900 shares of the shipping company’s stock valued at $3,897,000 after purchasing an additional 5,500 shares during the last quarter. 14.83% of the stock is owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION WARNING: This news story was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at https://ledgergazette.com/2018/03/14/dynagas-lng-partners-dlng-pt-set-at-16-00-by-jefferies-group.html.
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).
Receive News & Ratings for Dynagas LNG Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynagas LNG Partners and related companies with MarketBeat.com's FREE daily email newsletter.