Dynagas LNG Partners LP (DLNG) Stock Rating Reaffirmed by Stifel Nicolaus

Dynagas LNG Partners LP (NYSE:DLNG)‘s stock had its “buy” rating reaffirmed by Stifel Nicolaus in a research report issued to clients and investors on Friday. They presently have a $19.00 target price on the shipping company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 25.58% from the company’s previous close.

DLNG has been the topic of a number of other reports. Maxim Group set a $20.00 price target on Dynagas LNG Partners and gave the company a “buy” rating in a research note on Monday, May 22nd. Zacks Investment Research upgraded Dynagas LNG Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th. Morgan Stanley decreased their price target on Dynagas LNG Partners to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 13th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $19.00 price target on shares of Dynagas LNG Partners in a research note on Monday, June 12th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $16.21.

Dynagas LNG Partners (NYSE:DLNG) traded down 0.33% during midday trading on Friday, reaching $15.08. The company’s stock had a trading volume of 127,915 shares. The stock’s 50 day moving average is $14.84 and its 200 day moving average is $16.12. Dynagas LNG Partners has a 12-month low of $12.76 and a 12-month high of $17.93. The stock has a market cap of $535.72 million, a P/E ratio of 9.59 and a beta of 1.11.

Dynagas LNG Partners (NYSE:DLNG) last released its earnings results on Thursday, June 8th. The shipping company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.03. The business had revenue of $39.09 million for the quarter, compared to analyst estimates of $40.38 million. Dynagas LNG Partners had a return on equity of 23.74% and a net margin of 37.68%. Analysts anticipate that Dynagas LNG Partners will post $1.02 earnings per share for the current year.

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A number of hedge funds have recently bought and sold shares of DLNG. Clearbridge Investments LLC increased its stake in Dynagas LNG Partners by 16.3% in the first quarter. Clearbridge Investments LLC now owns 1,469,530 shares of the shipping company’s stock worth $25,893,000 after buying an additional 205,730 shares during the last quarter. Pointe Capital Management LLC bought a new position in Dynagas LNG Partners during the first quarter worth $526,000. Proficio Capital Partners LLC boosted its position in Dynagas LNG Partners by 33.0% in the first quarter. Proficio Capital Partners LLC now owns 49,200 shares of the shipping company’s stock worth $757,000 after buying an additional 12,200 shares during the period. Goldman Sachs Group Inc. boosted its position 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 worth $548,000 after buying an additional 14,378 shares during the period. Finally, Bank of America Corp DE boosted 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 worth $11,254,000 after buying an additional 60,224 shares during the period. Institutional investors own 21.80% of the company’s stock.

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).

Analyst Recommendations for Dynagas LNG Partners (NYSE:DLNG)

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