Dynagas LNG Partners LP (NYSE:DLNG) was upgraded by investment analysts at TheStreet from a “sell” rating to a “hold” rating in a research note issued on Monday.

DLNG has been the subject of a number of other reports. Maxim Group assumed coverage on shares of Dynagas LNG Partners in a research report on Tuesday, October 18th. They set a “buy” rating and a $20.00 price target for the company. Jefferies Group assumed coverage on shares of 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. Wells Fargo & Co. assumed coverage on shares of 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. Zacks Investment Research downgraded shares of Dynagas LNG Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Finally, Clarkson Capital reiterated a “buy” rating on shares of Dynagas LNG Partners in a research report on Friday, September 23rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $16.36.

Analyst Recommendations for Dynagas LNG Partners (NYSE:DLNG)

Dynagas LNG Partners (NYSE:DLNG) opened at 14.14 on Monday. The company has a 50-day moving average price of $14.98 and a 200 day moving average price of $14.39. The stock has a market capitalization of $502.32 million, a price-to-earnings ratio of 8.57 and a beta of 1.16. 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 results on Monday, November 14th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. Dynagas LNG Partners had a net margin of 40.76% and a return on equity of 20.23%. Equities analysts predict that Dynagas LNG Partners will post $1.86 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 18th. Shareholders of record on Tuesday, October 11th were issued a $0.4225 dividend. The ex-dividend date was Thursday, October 6th. This represents a $1.69 annualized dividend and a yield of 11.95%. Dynagas LNG Partners’s dividend payout ratio (DPR) is presently 103.05%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Buckingham Asset Management LLC acquired a new position in shares of Dynagas LNG Partners during the second quarter valued at $683,000. Pointe Capital Management LLC increased its position 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 period. JPMorgan Chase & Co. increased its position 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 period. The Manufacturers Life Insurance Company acquired a new position in shares of Dynagas LNG Partners during the third quarter valued at $108,000. Finally, Kayne Anderson Capital Advisors LP acquired a new position in shares of Dynagas LNG Partners during the third quarter valued at $58,398,000. Institutional investors own 47.75% 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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