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.

TRADEMARK VIOLATION NOTICE: “Dynagas LNG Partners LP (DLNG) Given a $18.00 Price Target by Maxim Group Analysts” was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & international copyright laws. The legal version of this piece of content can be read at https://www.watchlistnews.com/dynagas-lng-partners-lp-dlng-given-a-18-00-price-target-by-maxim-group-analysts/1535581.html.

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).

Analyst Recommendations for Dynagas LNG Partners (NYSE:DLNG)

Receive News & Ratings for Dynagas LNG Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynagas LNG Partners LP and related companies with Analyst Ratings Network's FREE daily email newsletter.