Dynagas LNG Partners LP (NYSE:DLNG) has earned an average recommendation of “Hold” from the nine brokerages that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $10.75.
A number of brokerages have recently issued reports on DLNG. ValuEngine upgraded shares of Dynagas LNG Partners from a “strong sell” rating to a “sell” rating in a research report on Friday, August 3rd. Berenberg Bank began coverage on shares of Dynagas LNG Partners in a research report on Thursday. They issued a “hold” rating and a $9.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Dynagas LNG Partners from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd.
DLNG traded down $0.06 during trading on Monday, reaching $8.93. 59,594 shares of the company’s stock were exchanged, compared to its average volume of 56,509. Dynagas LNG Partners has a one year low of $7.51 and a one year high of $14.27. The company has a debt-to-equity ratio of 3.19, a current ratio of 2.81 and a quick ratio of 2.81. The firm has a market capitalization of $319.37 million, a price-to-earnings ratio of 12.07, a PEG ratio of 23.35 and a beta of 1.23.
Dynagas LNG Partners (NYSE:DLNG) last issued its quarterly earnings results on Friday, July 27th. The shipping company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.06. The firm had revenue of $30.89 million for the quarter, compared to the consensus estimate of $31.11 million. Dynagas LNG Partners had a net margin of 11.15% and a return on equity of 10.30%. equities research analysts predict that Dynagas LNG Partners will post 0.39 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC lifted its position in shares of Dynagas LNG Partners by 26.1% during the 1st quarter. Guggenheim Capital LLC now owns 221,372 shares of the shipping company’s stock valued at $2,214,000 after acquiring an additional 45,866 shares during the period. Millennium Management LLC bought a new stake in Dynagas LNG Partners during the 4th quarter valued at $199,000. Deutsche Bank AG bought a new stake in Dynagas LNG Partners during the 4th quarter valued at $893,000. Finally, Renaissance Technologies LLC bought a new stake in Dynagas LNG Partners during the 4th quarter valued at $891,000. Institutional investors own 11.26% 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.
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