ValuEngine Downgrades Dynagas LNG Partners (DLNG) to Sell

Dynagas LNG Partners (NYSE:DLNG) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

DLNG has been the topic of several other research reports. Zacks Investment Research lowered Dynagas LNG Partners from a “hold” rating to a “sell” rating in a report on Monday, March 19th. Stifel Nicolaus lowered Dynagas LNG Partners from a “buy” rating to a “hold” rating and reduced their price target for the stock from $17.00 to $11.00 in a report on Thursday, December 28th. Jefferies Group set a $16.00 price target on Dynagas LNG Partners and gave the stock a “buy” rating in a report on Saturday, February 17th. Finally, Morgan Stanley cut their price objective on Dynagas LNG Partners from $13.00 to $11.50 and set an “equal weight” rating for the company in a research report on Monday, February 12th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $12.38.

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NYSE DLNG opened at $9.70 on Wednesday. Dynagas LNG Partners has a 52 week low of $9.12 and a 52 week high of $17.54. The company has a debt-to-equity ratio of 2.90, a quick ratio of 3.04 and a current ratio of 3.08. The firm has a market cap of $376.92, a PE ratio of 13.11 and a beta of 1.20.

Dynagas LNG Partners (NYSE:DLNG) last posted its quarterly earnings results on Thursday, February 15th. The shipping company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). Dynagas LNG Partners had a return on equity of 11.99% and a net margin of 12.48%. The company had revenue of $34.45 million for the quarter, compared to analysts’ expectations of $35.60 million. sell-side analysts expect that Dynagas LNG Partners will post 0.38 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of DLNG. Deutsche Bank AG acquired a new stake in shares of Dynagas LNG Partners during the 4th quarter worth about $893,000. Renaissance Technologies LLC acquired a new stake in shares of Dynagas LNG Partners during the 4th quarter worth about $891,000. Virtu Financial LLC acquired a new stake in shares of Dynagas LNG Partners during the 4th quarter worth about $416,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Dynagas LNG Partners during the 4th quarter worth about $380,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Dynagas LNG Partners by 138.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 40,601 shares of the shipping company’s stock worth $441,000 after purchasing an additional 23,601 shares during the last quarter. 14.76% of the stock is owned by hedge funds and other institutional investors.

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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 20, 2017, its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 913,980 cubic meters.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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