Dynagas LNG Partners (NYSE:DLNG)‘s stock had its “buy” rating reaffirmed by analysts at Maxim Group in a report issued on Thursday. They presently have a $15.00 price objective on the shipping company’s stock, down from their prior price objective of $18.00. Maxim Group’s price objective would indicate a potential upside of 31.69% from the stock’s current price.

The analysts wrote, “Dynagas reported 3Q17 results on December 5, 2017, with adjusted earnings and revenue that were lower than our estimate and consensus. However, EBITDA was in-line with our estimate and above consensus.””

Several other research analysts have also weighed in on DLNG. Stifel Nicolaus set a $19.00 price objective on shares of Dynagas LNG Partners and gave the company a “buy” rating in a research note on Friday, August 25th. Jefferies Group reiterated a “buy” rating and issued a $19.00 price objective on shares of Dynagas LNG Partners in a research note on Tuesday, August 22nd. Zacks Investment Research lowered shares of Dynagas LNG Partners from a “hold” rating to a “sell” rating in a research note on Friday, December 8th. ValuEngine upgraded shares of Dynagas LNG Partners from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, BidaskClub downgraded shares of Dynagas LNG Partners from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $16.20.

Dynagas LNG Partners (NYSE:DLNG) opened at $11.39 on Thursday. The firm has a market cap of $403.56, a P/E ratio of 11.03 and a beta of 1.08. The company has a debt-to-equity ratio of 2.78, a current ratio of 2.95 and a quick ratio of 2.95. Dynagas LNG Partners has a 12 month low of $10.66 and a 12 month high of $17.93.

A number of hedge funds have recently bought and sold shares of DLNG. Royal Bank of Canada grew its position in 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 acquiring an additional 2,200 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in Dynagas LNG Partners in the second quarter worth approximately $238,000. Cambridge Investment Research Advisors Inc. bought a new stake in Dynagas LNG Partners in the second quarter worth approximately $367,000. Goldman Sachs Group Inc. grew its position in Dynagas LNG Partners by 86.0% in the first quarter. Goldman Sachs Group Inc. now owns 31,099 shares of the shipping company’s stock worth $548,000 after acquiring an additional 14,378 shares in the last quarter. Finally, Arrow Investment Advisors LLC bought a new stake in Dynagas LNG Partners in the second quarter worth approximately $610,000. 17.36% of the stock is owned by institutional investors.

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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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