Dynagas LNG Partners LP (DLNG) Receives $16.25 Average Price Target from Analysts
Dynagas LNG Partners LP (NYSE:DLNG) has been assigned an average recommendation of “Hold” from the nine brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $16.25.
DLNG has been the subject of a number of recent analyst reports. Stifel Nicolaus set a $19.00 price target on shares of Dynagas LNG Partners and gave the stock a “buy” rating in a research note on Friday. Jefferies Group LLC reaffirmed a “buy” rating and set a $19.00 price target on shares of Dynagas LNG Partners in a research note on Tuesday. Maxim Group set a $20.00 price target on shares of Dynagas LNG Partners and gave the stock a “buy” rating in a research note on Monday, May 22nd. Morgan Stanley dropped their price target on shares of Dynagas LNG Partners to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 13th. Finally, Zacks Investment Research raised shares of Dynagas LNG Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th.
Large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its stake in Dynagas LNG Partners by 45.4% in the second quarter. Royal Bank of Canada now owns 7,043 shares of the shipping company’s stock valued at $107,000 after buying an additional 2,200 shares during the period. Marshall Wace North America L.P. bought a new stake in Dynagas LNG Partners during the second quarter valued at about $238,000. Cambridge Investment Research Advisors Inc. bought a new stake in Dynagas LNG Partners during the second quarter valued at about $367,000. Pointe Capital Management LLC bought a new stake in Dynagas LNG Partners during the first quarter valued at about $526,000. Finally, Goldman Sachs Group Inc. boosted its stake in Dynagas LNG Partners by 86.0% in the first quarter. Goldman Sachs Group Inc. now owns 31,099 shares of the shipping company’s stock valued at $548,000 after buying an additional 14,378 shares during the period. 21.01% of the stock is owned by institutional investors.
Shares of Dynagas LNG Partners (NYSE:DLNG) traded up 1.20% during midday trading on Wednesday, reaching $14.36. 65,837 shares of the company’s stock were exchanged. The stock has a market cap of $510.14 million, a price-to-earnings ratio of 9.13 and a beta of 1.10. The firm has a 50 day moving average of $14.69 and a 200-day moving average of $15.73. Dynagas LNG Partners has a one year low of $12.76 and a one year high of $17.93.
Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings results on Thursday, June 8th. The shipping company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. Dynagas LNG Partners had a net margin of 37.68% and a return on equity of 23.74%. The firm had revenue of $39.09 million during the quarter, compared to analysts’ expectations of $40.38 million. On average, equities research analysts anticipate that Dynagas LNG Partners will post $1.02 earnings per share for the current year.
About Dynagas LNG Partners
Dynagas LNG Partners LP is a limited partnership, which focuses on owning and operating liquid natural gas (LNG) carriers. The Company’s vessels are employed on multi-year time charters with international energy companies. As of December 31, 2016, the Company owned and operated a fleet of six LNG carriers, consisting of the three LNG carriers in its Initial Fleet, the Clean Energy, the Ob River and the Amur River, and three 2013-built Ice Class LNG carriers that the Company acquired from its Sponsor the Arctic Aurora, the Yenisei River, and the Lena River (collectively referred as its Fleet).
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