Dynagas LNG Partners LP (DLNG) Coverage Initiated by Analysts at Maxim Group
Other equities analysts also recently issued research reports about the company. Jefferies Group assumed coverage on Dynagas LNG Partners in a report on Tuesday, September 13th. They set a buy rating and a $18.00 price target on the stock. Wells Fargo & Co. began coverage on shares of Dynagas LNG Partners in a research note on Monday, September 19th. They issued a market perform rating and a $9.50 price objective on the stock. Zacks Investment Research downgraded shares of Dynagas LNG Partners from a hold rating to a sell rating in a research note on Tuesday, July 19th. Finally, Clarkson Capital restated a buy rating on shares of Dynagas LNG Partners in a research note on Friday, September 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $16.36.
Shares of Dynagas LNG Partners (NYSE:DLNG) opened at 15.33 on Tuesday. The stock has a market capitalization of $544.60 million, a P/E ratio of 9.30 and a beta of 1.14. The company has a 50-day moving average of $15.35 and a 200-day moving average of $14.28. 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 posted its quarterly earnings data on Thursday, July 28th. The company reported $0.48 EPS 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 company earned $43.60 million during the quarter, compared to analyst estimates of $42.32 million. Equities analysts expect that Dynagas LNG Partners will post $1.84 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 18th. Stockholders of record on Tuesday, October 11th were paid a $0.4225 dividend. The ex-dividend date of this dividend was Thursday, October 6th. This represents a $1.69 annualized dividend and a dividend yield of 11.02%. Dynagas LNG Partners’s payout ratio is 103.05%.
Several large investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its stake in shares of Dynagas LNG Partners by 21.4% in the first quarter. Royal Bank of Canada now owns 11,362 shares of the company’s stock valued at $130,000 after buying an additional 2,005 shares during the last quarter. Barclays PLC bought a new stake in shares of Dynagas LNG Partners during the second quarter valued at $225,000. Stifel Financial Corp boosted its stake in shares of Dynagas LNG Partners by 54.2% in the second quarter. Stifel Financial Corp now owns 33,730 shares of the company’s stock valued at $460,000 after buying an additional 11,859 shares during the last quarter. Pointe Capital Management LLC boosted its stake in shares of Dynagas LNG Partners by 5.6% in the second quarter. Pointe Capital Management LLC now owns 37,720 shares of the company’s stock valued at $515,000 after buying an additional 1,987 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Dynagas LNG Partners by 15,809.0% in the second quarter. JPMorgan Chase & Co. now owns 47,727 shares of the company’s stock valued at $651,000 after buying an additional 47,427 shares during the last quarter. 29.17% of the stock is 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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