Dynagas LNG Partners LP (DLNG) to Issue $0.42 Dividend
Dynagas LNG Partners LP (NYSE:DLNG) declared a dividend on Tuesday, October 4th. Stockholders of record on Tuesday, October 11th will be paid a dividend of 0.4225 per share on Tuesday, October 18th. The ex-dividend date is Thursday, October 6th.
Dynagas LNG Partners (NYSE:DLNG) opened at 15.93 on Wednesday. Dynagas LNG Partners has a one year low of $6.70 and a one year high of $16.20. The firm has a market capitalization of $565.91 million, a P/E ratio of 9.66 and a beta of 1.13. The stock’s 50 day moving average is $15.16 and its 200 day moving average is $13.89.
Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates 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 business earned $43.60 million during the quarter, compared to analyst estimates of $42.32 million. On average, equities research analysts predict that Dynagas LNG Partners will post $1.84 earnings per share for the current fiscal year.
Several brokerages have commented on DLNG. Clarkson Capital reissued a “buy” rating on shares of Dynagas LNG Partners in a report on Friday, September 23rd. Zacks Investment Research raised shares of Dynagas LNG Partners from a “sell” rating to a “hold” rating in a report on Monday, July 25th. Wells Fargo & Co. began coverage on shares of Dynagas LNG Partners in a report on Monday, September 19th. They issued a “market perform” rating and a $9.50 price target for the company. Finally, Jefferies Group began coverage on shares of Dynagas LNG Partners in a report on Tuesday, September 13th. They issued a “buy” rating and a $18.00 price target for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $15.75.
An institutional investor recently bought a new position in Dynagas LNG Partners stock. Barclays PLC bought a new position in Dynagas LNG Partners LP (NYSE:DLNG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 16,455 shares of the company’s stock, valued at approximately $225,000. 29.15% of the stock is currently owned by institutional investors.
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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