Dynagas LNG Partners LP (DLNG) Given Average Recommendation of “Hold” by Analysts
Dynagas LNG Partners LP (NYSE:DLNG) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $13.38.
DLNG has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Dynagas LNG Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. ValuEngine upgraded shares of Dynagas LNG Partners from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Jefferies Group set a $16.00 price target on shares of Dynagas LNG Partners and gave the stock a “buy” rating in a research note on Saturday, February 17th. Stifel Nicolaus cut shares of Dynagas LNG Partners from a “buy” rating to a “hold” rating and decreased their price target for the stock from $17.00 to $11.00 in a research note on Thursday, December 28th. Finally, Morgan Stanley reduced their target price on shares of Dynagas LNG Partners from $13.00 to $11.50 and set an “equal weight” rating for the company in a research note on Monday, February 12th.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Deutsche Bank AG purchased a new position in Dynagas LNG Partners during the 4th quarter valued at about $893,000. Renaissance Technologies LLC purchased a new position in Dynagas LNG Partners during the 4th quarter valued at about $891,000. Virtu Financial LLC purchased a new position in Dynagas LNG Partners during the 4th quarter valued at about $416,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Dynagas LNG Partners during the fourth quarter worth about $380,000. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in Dynagas LNG Partners by 138.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 40,601 shares of the shipping company’s stock worth $441,000 after buying an additional 23,601 shares during the last quarter. Hedge funds and other institutional investors own 14.83% of the company’s stock.
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Dynagas LNG Partners Company Profile
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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