Shares of Dynagas LNG Partners LP (NYSE:DLNG) have received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $16.70.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Dynagas LNG Partners from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Stifel Nicolaus upped their price objective on Dynagas LNG Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, April 6th. Finally, Clarkson Capital cut Dynagas LNG Partners from a “buy” rating to a “neutral” rating and set a $17.00 price target for the company. in a research note on Wednesday, March 1st.
Hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its stake in shares of 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 worth $548,000 after buying an additional 14,378 shares in the last quarter. Bank of America Corp DE increased its position in Dynagas LNG Partners by 10.4% in the first quarter. Bank of America Corp DE now owns 638,715 shares of the shipping company’s stock valued at $11,254,000 after buying an additional 60,224 shares during the period. Renaissance Technologies LLC increased its position in Dynagas LNG Partners by 68.0% in the first quarter. Renaissance Technologies LLC now owns 270,126 shares of the shipping company’s stock valued at $4,760,000 after buying an additional 109,302 shares during the period. Van ECK Associates Corp bought a new position in Dynagas LNG Partners during the first quarter valued at approximately $4,484,000. Finally, Ameriprise Financial Inc. bought a new position in Dynagas LNG Partners during the first quarter valued at approximately $643,000. Hedge funds and other institutional investors own 46.09% of the company’s stock.
Dynagas LNG Partners (NYSE:DLNG) remained flat at $15.57 on Monday. 73,858 shares of the stock were exchanged. The company has a market cap of $553.12 million, a P/E ratio of 9.20 and a beta of 1.21. Dynagas LNG Partners has a 52 week low of $12.40 and a 52 week high of $17.93. The stock has a 50-day moving average of $16.69 and a 200 day moving average of $16.09.
Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings data on Monday, February 27th. The shipping company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02. The business had revenue of $41.39 million for the quarter, compared to analyst estimates of $41.52 million. Dynagas LNG Partners had a return on equity of 21.28% and a net margin of 40.01%. On average, analysts anticipate that Dynagas LNG Partners will post $1.35 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 28th. Investors of record on Friday, April 21st were paid a dividend of $0.4225 per share. The ex-dividend date of this dividend was Wednesday, April 19th. This represents a $1.69 annualized dividend and a yield of 10.85%. Dynagas LNG Partners’s payout ratio is 101.20%.
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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