Zacks Investment Research upgraded shares of Dynagas LNG Partners (NYSE:DLNG) from a hold rating to a buy rating in a report published on Thursday. Zacks Investment Research currently has $2.75 price objective on the shipping company’s stock.
According to Zacks, “Dynagas LNG Partners LP is focused on owning and operating LNG carriers that are employed on multi-year contracts with international energy companies. Dynagas LNG Partners LP is based in Glyfada, Greece. “
A number of other analysts have also commented on the stock. Morgan Stanley set a $3.00 target price on shares of Dynagas LNG Partners and gave the stock a hold rating in a report on Friday, February 15th. Jefferies Financial Group lowered shares of Dynagas LNG Partners from a buy rating to a hold rating and set a $3.00 target price for the company. in a report on Tuesday, January 29th. ValuEngine lowered shares of Dynagas LNG Partners from a sell rating to a strong sell rating in a report on Tuesday, January 29th. B. Riley lowered shares of Dynagas LNG Partners from a buy rating to a neutral rating and lowered their target price for the stock from $10.50 to $2.65 in a report on Monday, January 28th. Finally, Wells Fargo & Co reaffirmed an underperform rating and set a $5.25 target price (down previously from $6.00) on shares of Dynagas LNG Partners in a report on Tuesday, November 20th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $5.83.
DLNG traded up $0.04 during trading on Thursday, reaching $2.54. 71,658 shares of the company’s stock were exchanged, compared to its average volume of 438,281. 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 fifty-two week low of $2.46 and a fifty-two week high of $10.86. The firm has a market capitalization of $90.23 million, a PE ratio of 3.43 and a beta of 0.93.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 14th. Stockholders of record on Thursday, February 7th were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 9.84%. The ex-dividend date was Wednesday, February 6th. Dynagas LNG Partners’s dividend payout ratio (DPR) is 33.78%.
A hedge fund recently bought a new stake in Dynagas LNG Partners stock. Wiley BROS. Aintree Capital LLC acquired a new stake in Dynagas LNG Partners LP (NYSE:DLNG) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 14,630 shares of the shipping company’s stock, valued at approximately $30,000. Hedge funds and other institutional investors own 10.55% of the company’s stock.
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.
See Also: Liquidity
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