Dynagas LNG Partners LP (NYSE:DLNG) declared a dividend on Tuesday, October 4th. Investors of record on Tuesday, October 11th will be given a dividend of 0.4225 per share on Tuesday, October 18th. The ex-dividend date of this dividend is Thursday, October 6th.
Dynagas LNG Partners (NYSE:DLNG) opened at 15.93 on Wednesday. The firm has a market capitalization of $565.91 million, a P/E ratio of 9.66 and a beta of 1.14. Dynagas LNG Partners has a 1-year low of $6.70 and a 1-year high of $16.20. The company has a 50-day moving average price of $15.16 and a 200 day moving average price of $13.89.
Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.43 by $0.05. The company had revenue of $43.60 million for the quarter, compared to analyst estimates of $42.32 million. Dynagas LNG Partners had a return on equity of 20.23% and a net margin of 40.76%. Analysts expect that Dynagas LNG Partners will post $1.84 earnings per share for the current fiscal year.
A hedge fund recently bought a new stake in Dynagas LNG Partners stock. Barclays PLC purchased a new position in shares of Dynagas LNG Partners LP (NYSE:DLNG) during the second quarter, according to its most recent disclosure with the SEC. The fund purchased 16,455 shares of the company’s stock, valued at approximately $225,000. Hedge funds and other institutional investors own 29.15% of the company’s stock.
DLNG has been the topic of a number of recent research reports. Jefferies Group initiated coverage on Dynagas LNG Partners in a report on Tuesday, September 13th. They issued a “buy” rating and a $18.00 target price on the stock. Zacks Investment Research lowered Dynagas LNG Partners from a “buy” rating to a “hold” rating in a report on Monday. Wells Fargo & Co. initiated coverage on Dynagas LNG Partners in a report on Monday, September 19th. They issued a “market perform” rating and a $9.50 target price on the stock. Finally, Clarkson Capital reissued a “buy” rating on shares of Dynagas LNG Partners in a report on Friday, September 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $15.75.
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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