Dynagas LNG Partners LP (DLNG) Earns Market Perform Rating from Analysts at Wells Fargo & Co.
Wells Fargo & Co. assumed coverage on shares of Dynagas LNG Partners LP (NYSE:DLNG) in a research report released on Monday morning. The firm issued a market perform rating and a $9.50 price objective on the stock.
Other equities analysts also recently issued reports about the company. Jefferies Group started coverage on Dynagas LNG Partners in a research report on Tuesday, September 13th. They set a buy rating and a $18.00 price objective for the company. Zacks Investment Research raised Dynagas LNG Partners from a sell rating to a hold rating in a report on Monday, July 25th. Finally, Credit Suisse Group AG reissued an outperform rating on shares of Dynagas LNG Partners in a report on Wednesday, June 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $15.75.
Shares of Dynagas LNG Partners (NYSE:DLNG) opened at 15.27 on Monday. The firm has a market cap of $542.47 million, a PE ratio of 9.26 and a beta of 1.15. Dynagas LNG Partners has a 12-month low of $6.70 and a 12-month high of $15.72. The stock’s 50 day moving average price is $14.89 and its 200 day moving average price is $13.48.
Dynagas LNG Partners (NYSE:DLNG) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.05. The business earned $43.60 million during the quarter, compared to the consensus estimate of $42.32 million. Dynagas LNG Partners had a return on equity of 20.23% and a net margin of 40.76%. On average, equities research analysts predict that Dynagas LNG Partners will post $1.84 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cohen & Steers Inc. boosted its position in Dynagas LNG Partners by 361.2% in the second quarter. Cohen & Steers Inc. now owns 688,177 shares of the company’s stock valued at $38,304,000 after buying an additional 538,977 shares in the last quarter. Stifel Financial Corp boosted its position in Dynagas LNG Partners by 54.2% in the second quarter. Stifel Financial Corp now owns 33,730 shares of the company’s stock valued at $460,000 after buying an additional 11,859 shares in the last quarter. Guggenheim Capital LLC bought a new position in Dynagas LNG Partners during the second quarter valued at about $867,000. Barclays PLC bought a new position in Dynagas LNG Partners during the second quarter valued at about $225,000. Finally, JPMorgan Chase & Co. boosted its position in Dynagas LNG Partners by 15,809.0% in the second quarter. JPMorgan Chase & Co. now owns 47,727 shares of the company’s stock valued at $651,000 after buying an additional 47,427 shares in the last quarter. 29.15% of the stock is currently owned by institutional investors.
Dynagas LNG Partners Company Profile
Dynagas LNG Partners LP is organized for the purpose of owning, operating, and acquiring liquid natural gas (LNG) carriers. The Company is focused on owning and operating LNG carriers. The Company operates in the segment relating to its operations as it operates solely LNG vessels. The Company’s vessels are employed on multi-year time charters, which the Company defines as charters of over two years or more, with international energy companies.
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