Dynagas LNG Partners LP (DLNG) Given Average Recommendation of “Hold” by Analysts
Shares of Dynagas LNG Partners LP (NYSE:DLNG) have received an average rating of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $16.75.
A number of research analysts have recently weighed in on the company. Zacks Investment Research cut Dynagas LNG Partners from a “hold” rating to a “sell” rating in a research report on Tuesday. Jefferies Group LLC reaffirmed a “buy” rating on shares of Dynagas LNG Partners in a research report on Tuesday, October 31st. Stifel Nicolaus reissued a “buy” rating and issued a $19.00 price target on shares of Dynagas LNG Partners in a report on Sunday, October 1st. Maxim Group reissued a “buy” rating and issued a $18.00 price target on shares of Dynagas LNG Partners in a report on Tuesday, September 5th. Finally, BidaskClub cut Dynagas LNG Partners from a “sell” rating to a “strong sell” rating in a report on Saturday, September 2nd.
A number of large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in Dynagas LNG Partners by 45.4% in the 2nd 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 during the last quarter. California Public Employees Retirement System increased its stake in Dynagas LNG Partners by 2.2% in the 2nd quarter. California Public Employees Retirement System now owns 254,900 shares of the shipping company’s stock worth $3,897,000 after acquiring an additional 5,500 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Dynagas LNG Partners by 20.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 42,088 shares of the shipping company’s stock worth $644,000 after acquiring an additional 7,095 shares during the last quarter. Arrow Investment Advisors LLC increased its stake in Dynagas LNG Partners by 25.5% in the 3rd quarter. Arrow Investment Advisors LLC now owns 50,039 shares of the shipping company’s stock worth $698,000 after acquiring an additional 10,171 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Dynagas LNG Partners by 86.0% in the 1st 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 during the last quarter. 19.63% of the stock is currently owned by institutional investors and hedge funds.
Dynagas LNG Partners (NYSE DLNG) traded up $0.04 during trading on Monday, hitting $13.23. The company’s stock had a trading volume of 47,000 shares, compared to its average volume of 154,127. The company has a market cap of $468.58, a P/E ratio of 9.63 and a beta of 1.08. Dynagas LNG Partners has a 1-year low of $12.21 and a 1-year high of $17.93. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 2.65.
Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings results on Tuesday, September 5th. The shipping company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.10). The firm had revenue of $31.98 million for the quarter, compared to the consensus estimate of $33.70 million. Dynagas LNG Partners had a net margin of 26.03% and a return on equity of 19.22%. equities research analysts forecast that Dynagas LNG Partners will post 0.78 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 19th. Shareholders of record on Thursday, October 12th were paid a $0.4225 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 12.77%. The ex-dividend date was Wednesday, October 11th. Dynagas LNG Partners’s payout ratio is 176.04%.
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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