Equities researchers at Maxim Group assumed coverage on shares of Dynagas LNG Partners LP (NYSE:DLNG) in a research report issued to clients and investors on Tuesday, The Fly reports. The brokerage set a “buy” rating on the stock.
Other equities research analysts also recently issued research reports about the company. Clarkson Capital reaffirmed a “buy” rating on shares of Dynagas LNG Partners in a report on Friday, September 23rd. Zacks Investment Research upgraded Dynagas LNG Partners from a “sell” rating to a “hold” rating in a research report on Monday, July 25th. Wells Fargo & Co. initiated coverage on Dynagas LNG Partners in a research report on Monday, September 19th. They set a “market perform” rating and a $9.50 price target for the company. Finally, Jefferies Group initiated coverage on Dynagas LNG Partners in a research report on Tuesday, September 13th. They set a “buy” rating and a $18.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.75.
Dynagas LNG Partners (NYSE:DLNG) traded up 1.46% on Tuesday, hitting $15.33. The stock had a trading volume of 316,271 shares. The company has a 50-day moving average of $15.35 and a 200 day moving average of $14.28. The company has a market cap of $544.60 million, a PE ratio of 9.30 and a beta of 1.13. Dynagas LNG Partners has a 12 month low of $6.70 and a 12 month high of $16.25.
Dynagas LNG Partners (NYSE:DLNG) last released its earnings results on Thursday, July 28th. The company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.05. Dynagas LNG Partners had a return on equity of 20.23% and a net margin of 40.76%. The firm earned $43.60 million during the quarter, compared to the consensus estimate of $42.32 million. On average, analysts predict that Dynagas LNG Partners will post $1.84 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 18th. Stockholders of record on Tuesday, October 11th will be given a $0.4225 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 11.02%. The ex-dividend date of this dividend is Thursday, October 6th. Dynagas LNG Partners’s dividend payout ratio (DPR) is presently 103.05%.
Several hedge funds have recently bought and sold shares of DLNG. 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 during the period. Barclays PLC acquired a new stake in Dynagas LNG Partners during the second quarter worth approximately $225,000. Stifel Financial Corp boosted its stake in Dynagas LNG Partners by 54.2% in the second quarter. Stifel Financial Corp now owns 33,730 shares of the company’s stock worth $460,000 after buying an additional 11,859 shares during the period. 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 during the period. Finally, 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 during the period. Institutional investors and hedge funds own 29.17% of the company’s stock.
Dynagas LNG Partners Company Profile
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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