Zacks Investment Research upgraded shares of Dynagas LNG Partners LP (NYSE:DLNG) from a sell rating to a hold rating in a report issued on Monday.

According to Zacks, “Dynagas LNG Partners LP is focused on owning and operating LNG carriers that are employed on multi-year contracts with international energy companies. Dynagas LNG Partners LP is based in Glyfada, Greece. “

DLNG has been the subject of several other reports. Stifel Nicolaus reaffirmed a buy rating and set a $19.00 target price on shares of Dynagas LNG Partners in a research note on Sunday, October 1st. BidaskClub downgraded Dynagas LNG Partners from a hold rating to a sell rating in a research note on Friday, July 28th. Jefferies Group LLC reaffirmed a buy rating on shares of Dynagas LNG Partners in a research note on Tuesday, October 31st. Finally, Maxim Group reaffirmed a buy rating and set a $18.00 target price on shares of Dynagas LNG Partners in a research note on Tuesday, September 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Dynagas LNG Partners presently has an average rating of Hold and a consensus price target of $17.20.

Dynagas LNG Partners (NYSE DLNG) opened at $12.52 on Monday. Dynagas LNG Partners has a twelve month low of $12.21 and a twelve month high of $17.93. The stock has a market capitalization of $444.33, a P/E ratio of 9.09 and a beta of 1.08. The company has a debt-to-equity ratio of 2.65, a current ratio of 3.11 and a quick ratio of 3.11.

Dynagas LNG Partners (NYSE:DLNG) last announced 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). Dynagas LNG Partners had a net margin of 26.03% and a return on equity of 19.22%. The company had revenue of $31.98 million during the quarter, compared to analyst estimates of $33.70 million. equities research analysts predict that Dynagas LNG Partners will post 0.78 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which was paid on Thursday, October 19th. Investors of record on Thursday, October 12th were given a dividend of $0.4225 per share. This represents a $1.69 annualized dividend and a dividend yield of 13.50%. The ex-dividend date was Wednesday, October 11th. Dynagas LNG Partners’s payout ratio is 143.22%.

Several institutional investors and hedge funds have recently modified their holdings of DLNG. Royal Bank of Canada grew its holdings 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 valued at $107,000 after buying an additional 2,200 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in Dynagas LNG Partners in the 2nd quarter valued at $238,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Dynagas LNG Partners in the 2nd quarter valued at $367,000. Goldman Sachs Group Inc. grew its holdings 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 valued at $548,000 after buying an additional 14,378 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in Dynagas LNG Partners in the 1st quarter valued at $643,000. Hedge funds and other institutional investors own 19.62% of the company’s stock.

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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Analyst Recommendations for Dynagas LNG Partners (NYSE:DLNG)

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