Brokerages Set Dynagas LNG Partners LP (NYSE:DLNG) Price Target at $2.77

Shares of Dynagas LNG Partners LP (NYSE:DLNG) have been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $2.77.

A number of research firms recently issued reports on DLNG. Zacks Investment Research downgraded Dynagas LNG Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. B. Riley set a $2.30 price objective on Dynagas LNG Partners and gave the company a “hold” rating in a research note on Friday, September 27th.

A hedge fund recently bought a new stake in Dynagas LNG Partners stock. Wiley BROS. Aintree Capital LLC acquired a new position in shares of Dynagas LNG Partners LP (NYSE:DLNG) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 23,255 shares of the shipping company’s stock, valued at approximately $204,000. Wiley BROS. Aintree Capital LLC owned about 0.07% of Dynagas LNG Partners as of its most recent filing with the SEC. 7.72% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DLNG stock remained flat at $$2.05 during mid-day trading on Wednesday. The company’s stock had a trading volume of 113,884 shares, compared to its average volume of 96,141. The firm’s 50-day moving average price is $2.13 and its two-hundred day moving average price is $1.66. The company has a market capitalization of $72.84 million, a PE ratio of 8.54 and a beta of 1.16. Dynagas LNG Partners has a 12 month low of $1.15 and a 12 month high of $4.56. The company has a quick ratio of 15.16, a current ratio of 15.16 and a debt-to-equity ratio of 4.96.

Dynagas LNG Partners (NYSE:DLNG) last posted its earnings results on Thursday, September 26th. The shipping company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.05). The firm had revenue of $30.82 million during the quarter, compared to analysts’ expectations of $31.57 million. Dynagas LNG Partners had a negative net margin of 2.23% and a positive return on equity of 2.23%.

Dynagas LNG Partners Company Profile

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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