Brokerages Set Dynagas LNG Partners LP (DLNG) PT at $9.05

Dynagas LNG Partners LP (NYSE:DLNG) has been assigned a consensus recommendation of “Hold” from the ten analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $9.05.

DLNG has been the topic of a number of research analyst reports. Wells Fargo & Co reissued an “underperform” rating and set a $5.25 price objective (down from $6.00) on shares of Dynagas LNG Partners in a research report on Tuesday, November 20th. Zacks Investment Research raised shares of Dynagas LNG Partners from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research report on Tuesday. Jefferies Financial Group reaffirmed a “buy” rating on shares of Dynagas LNG Partners in a research report on Tuesday, November 20th. B. Riley assumed coverage on shares of Dynagas LNG Partners in a research report on Friday, November 9th. They issued a “buy” rating and a $10.50 target price on the stock. Finally, Maxim Group reaffirmed a “buy” rating on shares of Dynagas LNG Partners in a research report on Friday, November 16th.

Shares of DLNG traded down $0.08 during mid-day trading on Friday, reaching $3.98. The company’s stock had a trading volume of 1,504 shares, compared to its average volume of 237,141. The firm has a market cap of $149.91 million, a price-to-earnings ratio of 5.42, a PEG ratio of 15.07 and a beta of 1.23. The company has a debt-to-equity ratio of 3.35, a quick ratio of 2.65 and a current ratio of 2.73. Dynagas LNG Partners has a 52 week low of $2.98 and a 52 week high of $12.15.

Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly earnings data on Thursday, November 15th. The shipping company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.05). The business had revenue of $31.32 million during the quarter, compared to the consensus estimate of $30.82 million. Dynagas LNG Partners had a return on equity of 9.15% and a net margin of 7.78%. As a group, equities research analysts predict that Dynagas LNG Partners will post 0.32 earnings per share for the current year.

About Dynagas LNG Partners

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry worldwide. The company owns and operates liquefied natural gas (LNG) carriers. As of March 9, 2018, its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.

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Analyst Recommendations for Dynagas LNG Partners (NYSE:DLNG)

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