Dynagas LNG Partners LP (NYSE:DLNG)‘s stock had its “buy” rating reissued by analysts at Clarkson Capital in a research note issued to investors on Friday.
DLNG has been the subject of several other research reports. Zacks Investment Research upgraded shares of Dynagas LNG Partners from a “sell” rating to a “hold” rating in a report on Monday, July 25th. Credit Suisse Group AG restated an “outperform” rating on shares of Dynagas LNG Partners in a report on Wednesday, June 1st. Wells Fargo & Co. started coverage on shares of Dynagas LNG Partners in a report on Monday, September 19th. They set a “market perform” rating and a $9.50 target price for the company. Finally, Jefferies Group started coverage on shares of Dynagas LNG Partners in a report on Tuesday, September 13th. They set a “buy” rating and a $18.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $15.75.
Shares of Dynagas LNG Partners (NYSE:DLNG) traded down 0.56% during trading on Friday, hitting $15.88. 96,780 shares of the stock traded hands. The firm has a 50 day moving average price of $15.08 and a 200-day moving average price of $13.69. The company has a market cap of $564.14 million, a PE ratio of 9.63 and a beta of 1.15. Dynagas LNG Partners has a one year low of $6.70 and a one year high of $16.20.
Dynagas LNG Partners (NYSE:DLNG) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.05. Dynagas LNG Partners had a net margin of 40.76% and a return on equity of 20.23%. The company earned $43.60 million during the quarter, compared to the consensus estimate of $42.32 million. Analysts anticipate that Dynagas LNG Partners will post $1.84 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in Dynagas LNG Partners by 21.4% in the first quarter. Royal Bank of Canada now owns 11,362 shares of the company’s stock worth $130,000 after buying an additional 2,005 shares in the last quarter. Pointe Capital Management LLC boosted its stake in Dynagas LNG Partners by 5.6% in the second quarter. Pointe Capital Management LLC now owns 37,720 shares of the company’s stock worth $515,000 after buying an additional 1,987 shares in the last quarter. Buckingham Asset Management LLC bought a new stake in Dynagas LNG Partners during the second quarter worth about $683,000. JPMorgan Chase & Co. boosted its stake in Dynagas LNG Partners by 15,809.0% in the second quarter. JPMorgan Chase & Co. now owns 47,727 shares of the company’s stock worth $651,000 after buying an additional 47,427 shares in the last quarter. Finally, Barclays PLC bought a new stake in Dynagas LNG Partners during the second quarter worth about $225,000. Institutional investors own 29.15% of the company’s stock.
About Dynagas LNG Partners
Dynagas LNG Partners LP is organized for the purpose of owning, operating, and acquiring liquid natural gas (LNG) carriers. The Company is focused on owning and operating LNG carriers. The Company operates in the segment relating to its operations as it operates solely LNG vessels. The Company’s vessels are employed on multi-year time charters, which the Company defines as charters of over two years or more, with international energy companies.
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