Jefferies Group Initiates Coverage on Dynagas LNG Partners (DLNG)
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.
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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).
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