Jefferies Group initiated coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a research report issued to clients and investors on Monday. The brokerage set a “buy” rating and a $19.00 price target on the shipping company’s stock. Jefferies Group’s price objective would indicate a potential upside of 62.25% from the stock’s previous close.

A number of other research analysts have also issued reports on DLNG. Stifel Nicolaus set a $19.00 price target on shares of Dynagas LNG Partners and gave the stock a “buy” rating in a research note on Friday, August 25th. Maxim Group set a $18.00 price target on shares of Dynagas LNG Partners and gave the stock a “buy” rating in a research note on Wednesday, August 30th. BidaskClub lowered shares of Dynagas LNG Partners from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 2nd. Zacks Investment Research lowered shares of Dynagas LNG Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Finally, ValuEngine upgraded shares of Dynagas LNG Partners from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Dynagas LNG Partners currently has an average rating of “Hold” and a consensus price target of $16.20.

Dynagas LNG Partners (NYSE:DLNG) opened at $11.71 on Monday. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 2.78. The company has a market cap of $416.00, a price-to-earnings ratio of 11.37 and a beta of 1.08. Dynagas LNG Partners has a one year low of $10.66 and a one year high of $17.93.

Several institutional investors have recently modified their holdings of DLNG. Royal Bank of Canada boosted its holdings in Dynagas LNG Partners by 45.4% during 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 in the last quarter. Marshall Wace North America L.P. purchased a new stake in Dynagas LNG Partners during the second quarter worth about $238,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Dynagas LNG Partners during the second quarter worth about $367,000. Arrow Investment Advisors LLC purchased a new stake in Dynagas LNG Partners during the second quarter worth about $610,000. Finally, Ameriprise Financial Inc. boosted its holdings in Dynagas LNG Partners by 20.3% during 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 in the last quarter. Institutional investors and hedge funds own 17.36% of the company’s stock.

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About Dynagas LNG Partners

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)

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