Dynagas LNG Partners LP (DLNG) Given a $18.00 Price Target by Maxim Group Analysts
Dynagas LNG Partners LP (NYSE:DLNG) has been assigned a $18.00 price objective by research analysts at Maxim Group in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the shipping company’s stock. Maxim Group’s price objective would indicate a potential upside of 28.21% from the company’s previous close.
Several other equities analysts also recently weighed in on DLNG. Jefferies Group LLC reiterated a “buy” rating and issued a $19.00 price target on shares of Dynagas LNG Partners in a report on Tuesday, August 22nd. Stifel Nicolaus set a $19.00 price target on shares of Dynagas LNG Partners and gave the stock a “buy” rating in a report on Friday, August 25th. Zacks Investment Research upgraded shares of Dynagas LNG Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub downgraded shares of Dynagas LNG Partners from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Morgan Stanley cut their price target on shares of Dynagas LNG Partners to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 13th. One 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 stock presently has a consensus rating of “Hold” and an average target price of $15.92.
Shares of Dynagas LNG Partners (DLNG) opened at 14.04 on Wednesday. The stock has a 50 day moving average of $14.61 and a 200-day moving average of $15.67. The company has a market capitalization of $498.77 million, a price-to-earnings ratio of 8.93 and a beta of 1.10. Dynagas LNG Partners has a 52 week low of $12.76 and a 52 week high of $17.93.
Dynagas LNG Partners (NYSE:DLNG) last issued its quarterly earnings results on Thursday, June 8th. The shipping company reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.03. Dynagas LNG Partners had a net margin of 37.68% and a return on equity of 23.74%. The company had revenue of $39.09 million for the quarter, compared to the consensus estimate of $40.38 million. On average, analysts anticipate that Dynagas LNG Partners will post $1.00 EPS for the current year.
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Several large investors have recently modified their holdings of DLNG. Royal Bank of Canada boosted 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 buying an additional 2,200 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Dynagas LNG Partners by 2.2% in the second quarter. California Public Employees Retirement System now owns 254,900 shares of the shipping company’s stock worth $3,897,000 after buying an additional 5,500 shares during the last quarter. Arrow Investment Advisors LLC purchased a new stake in shares of Dynagas LNG Partners during the second quarter worth approximately $610,000. Ameriprise Financial Inc. boosted its stake in shares of Dynagas LNG Partners by 20.3% in the second quarter. Ameriprise Financial Inc. now owns 42,088 shares of the shipping company’s stock worth $644,000 after buying an additional 7,095 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Dynagas LNG Partners during the second quarter worth approximately $367,000. 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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