Dynagas LNG Partners LP (DLNG) Downgraded by BidaskClub to Strong Sell
Dynagas LNG Partners LP (NYSE:DLNG) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.
Several other equities analysts have also recently commented on DLNG. Maxim Group set a $20.00 target price on Dynagas LNG Partners and gave the company a “buy” rating in a research note on Monday, May 22nd. Zacks Investment Research upgraded Dynagas LNG Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th. Jefferies Group LLC reiterated a “buy” rating and set a $19.00 target price on shares of Dynagas LNG Partners in a research note on Monday, June 12th. Morgan Stanley dropped their price target on Dynagas LNG Partners to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 13th. Finally, Stifel Nicolaus upped their price target on Dynagas LNG Partners from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $15.92.
Dynagas LNG Partners (DLNG) opened at 14.30 on Friday. Dynagas LNG Partners has a one year low of $12.76 and a one year high of $17.93. The stock has a 50 day moving average of $14.59 and a 200-day moving average of $15.65. The firm has a market capitalization of $508.01 million, a PE ratio of 9.09 and a beta of 1.11.
Dynagas LNG Partners (NYSE:DLNG) last released its earnings results on Thursday, June 8th. The shipping company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.03. The company had revenue of $39.09 million during the quarter, compared to analysts’ expectations of $40.38 million. Dynagas LNG Partners had a return on equity of 23.74% and a net margin of 37.68%. On average, equities analysts predict that Dynagas LNG Partners will post $1.00 EPS for the current year.
Several large investors have recently bought and sold shares of the stock. Van ECK Associates Corp bought a new stake in shares of Dynagas LNG Partners during the first quarter valued at $4,484,000. Clearbridge Investments LLC raised its stake in shares of Dynagas LNG Partners by 16.3% in the first quarter. Clearbridge Investments LLC now owns 1,469,530 shares of the shipping company’s stock valued at $25,893,000 after buying an additional 205,730 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Dynagas LNG Partners by 68.0% in the first quarter. Renaissance Technologies LLC now owns 270,126 shares of the shipping company’s stock valued at $4,760,000 after buying an additional 109,302 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Dynagas LNG Partners by 10.4% in the first quarter. Bank of America Corp DE now owns 638,715 shares of the shipping company’s stock valued at $11,254,000 after buying an additional 60,224 shares in the last quarter. Finally, Arrow Investment Advisors LLC bought a new stake in shares of Dynagas LNG Partners during the second quarter valued at $610,000. 19.63% of the stock is currently owned by institutional investors and hedge funds.
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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