Dynagas LNG Partners (DLNG) PT Set at $16.00 by Jefferies Group

Dynagas LNG Partners (NYSE:DLNG) has been given a $16.00 price target by equities researchers at Jefferies Group in a research note issued to investors on Saturday. The firm presently has a “buy” rating on the shipping company’s stock. Jefferies Group’s price objective indicates a potential upside of 44.93% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Dynagas LNG Partners from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. Morgan Stanley decreased their price target on shares of Dynagas LNG Partners from $13.00 to $11.50 and set an “equal weight” rating for the company in a research report on Monday, February 12th. ValuEngine upgraded shares of Dynagas LNG Partners from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Stifel Nicolaus cut shares of Dynagas LNG Partners from a “buy” rating to a “hold” rating and decreased their price target for the company from $17.00 to $11.00 in a research report on Friday, December 22nd. Finally, Maxim Group restated a “buy” rating and issued a $15.00 price target (down from $18.00) on shares of Dynagas LNG Partners in a research report on Thursday, December 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $14.10.

Dynagas LNG Partners (DLNG) traded up $0.04 during mid-day trading on Friday, reaching $11.04. 168,757 shares of the company were exchanged, compared to its average volume of 118,963. The firm has a market cap of $392.20, a PE ratio of 36.80 and a beta of 1.14. Dynagas LNG Partners has a twelve month low of $10.49 and a twelve month high of $17.93. The company has a debt-to-equity ratio of 2.78, a quick ratio of 2.95 and a current ratio of 2.95.

Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings data on Tuesday, December 5th. The shipping company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). The company had revenue of $33.47 million for the quarter, compared to analyst estimates of $35.29 million. Dynagas LNG Partners had a return on equity of 11.69% and a net margin of 12.48%. analysts predict that Dynagas LNG Partners will post 0.52 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada increased its position 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 acquiring an additional 2,200 shares during the period. Koch Industries Inc. acquired a new position in Dynagas LNG Partners in the 4th quarter valued at approximately $128,000. Millennium Management LLC acquired a new position in Dynagas LNG Partners in the 4th quarter valued at approximately $199,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Dynagas LNG Partners during the fourth quarter worth $380,000. Finally, Virtu Financial LLC acquired a new stake in shares of Dynagas LNG Partners during the fourth quarter worth $416,000. Hedge funds and other institutional investors own 17.40% 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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