Brokerages Set Dynagas LNG Partners LP (DLNG) Price Target at $16.75

Dynagas LNG Partners LP (NYSE:DLNG) has been assigned a consensus recommendation of “Hold” from the eight research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $16.75.

Several equities analysts have weighed in on the company. Zacks Investment Research raised Dynagas LNG Partners from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. ValuEngine raised Dynagas LNG Partners from a “hold” rating to a “buy” rating in a research report on Friday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.00 target price on shares of Dynagas LNG Partners in a research report on Sunday, October 1st. Jefferies Group reaffirmed a “buy” rating on shares of Dynagas LNG Partners in a research report on Tuesday, October 31st. Finally, Maxim Group reaffirmed a “buy” rating and issued a $18.00 target price on shares of Dynagas LNG Partners in a research report on Tuesday, September 5th.

Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada grew its position in shares of 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. acquired a new position in shares of Dynagas LNG Partners during the second quarter worth about $238,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Dynagas LNG Partners during the second quarter worth about $367,000. Goldman Sachs Group Inc. grew its position in shares of Dynagas LNG Partners by 86.0% during the first quarter. Goldman Sachs Group Inc. now owns 31,099 shares of the shipping company’s stock worth $548,000 after buying an additional 14,378 shares in the last quarter. Finally, Arrow Investment Advisors LLC acquired a new position in shares of Dynagas LNG Partners during the second quarter worth about $610,000. 17.36% of the stock is owned by institutional investors and hedge funds.

Dynagas LNG Partners (NYSE DLNG) traded down $0.13 during midday trading on Friday, reaching $13.26. The company’s stock had a trading volume of 119,300 shares, compared to its average volume of 151,406. The firm has a market cap of $471.06, a P/E ratio of 9.68 and a beta of 1.08. The company has a debt-to-equity ratio of 2.65, a quick ratio of 3.11 and a current ratio of 3.11. Dynagas LNG Partners has a 52 week low of $12.21 and a 52 week high of $17.93.

Dynagas LNG Partners (NYSE:DLNG) last released its earnings results on Tuesday, September 5th. The shipping company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.10). The firm had revenue of $31.98 million during the quarter, compared to analyst estimates of $33.70 million. Dynagas LNG Partners had a net margin of 26.03% and a return on equity of 19.22%. sell-side analysts anticipate that Dynagas LNG Partners will post 0.78 EPS for the current fiscal year.

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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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