Dynagas LNG Partners LP (DLNG) To Go Ex-Dividend on October 6th
Dynagas LNG Partners LP (NYSE:DLNG) declared a dividend on Tuesday, October 4th. Shareholders 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.
Shares of Dynagas LNG Partners (NYSE:DLNG) opened at 15.93 on Wednesday. The stock has a market capitalization of $565.91 million, a price-to-earnings ratio of 9.66 and a beta of 1.14. Dynagas LNG Partners has a 12 month low of $6.70 and a 12 month high of $16.20. The stock’s 50 day moving average price is $15.16 and its 200 day moving average price is $13.89.
Dynagas LNG Partners (NYSE:DLNG) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.48 earnings per share for the quarter, topping the 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 had revenue of $43.60 million for the quarter, compared to the consensus estimate of $42.32 million. Analysts expect that Dynagas LNG Partners will post $1.84 EPS for the current year.
Several analysts have issued reports on DLNG shares. Zacks Investment Research cut Dynagas LNG Partners from a “buy” rating to a “hold” rating in a research report on Monday. Clarkson Capital reaffirmed a “buy” rating on shares of Dynagas LNG Partners in a research report on Friday, September 23rd. Wells Fargo & Co. started 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 started 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 four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $15.75.
An institutional investor recently bought a new position in Dynagas LNG Partners stock. Guggenheim Capital LLC bought a new position in shares of Dynagas LNG Partners LP (NYSE:DLNG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 63,533 shares of the company’s stock, valued at approximately $867,000. Guggenheim Capital LLC owned 0.18% of Dynagas LNG Partners at the end of the most recent reporting period. 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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