Several other equities analysts have also issued reports on the company. Zacks Investment Research upgraded Dynagas LNG Partners from a hold rating to a strong-buy rating and set a $16.00 target price on the stock in a research note on Monday, August 1st. Wells Fargo & Co. started coverage on Dynagas LNG Partners in a research note on Monday, September 19th. They issued a market perform rating and a $9.50 target price on the stock. Jefferies Group started coverage on Dynagas LNG Partners in a research note on Tuesday, September 13th. They issued a buy rating and a $18.00 target price on the stock. Finally, Credit Suisse Group AG reiterated an outperform rating on shares of Dynagas LNG Partners in a research note on Wednesday, June 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Dynagas LNG Partners has a consensus rating of Buy and a consensus price target of $15.75.
Shares of Dynagas LNG Partners (NYSE:DLNG) traded down 1.57% during mid-day trading on Friday, reaching $15.72. 104,270 shares of the company traded hands. Dynagas LNG Partners has a 52 week low of $6.70 and a 52 week high of $16.20. The firm has a 50 day moving average of $15.08 and a 200-day moving average of $13.69. The stock has a market capitalization of $558.45 million, a PE ratio of 9.53 and a beta of 1.15.
Dynagas LNG Partners (NYSE:DLNG) last posted its earnings results on Thursday, July 28th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.05. Dynagas LNG Partners had a return on equity of 20.23% and a net margin of 40.76%. The company had revenue of $43.60 million for the quarter, compared to analyst estimates of $42.32 million. On average, equities research analysts expect that Dynagas LNG Partners will post $1.84 EPS for the current fiscal year.
Large investors have recently modified their holdings of the stock. Cohen & Steers Inc. raised its stake in shares of Dynagas LNG Partners by 361.2% in the second quarter. Cohen & Steers Inc. now owns 688,177 shares of the company’s stock worth $38,304,000 after buying an additional 538,977 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Dynagas LNG Partners by 54.2% in the second quarter. Stifel Financial Corp now owns 33,730 shares of the company’s stock worth $460,000 after buying an additional 11,859 shares in the last quarter. Guggenheim Capital LLC purchased a new stake in shares of Dynagas LNG Partners during the second quarter worth approximately $867,000. Barclays PLC purchased a new stake in shares of Dynagas LNG Partners during the second quarter worth approximately $225,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Dynagas LNG Partners by 15,809.0% in the second quarter. JPMorgan Chase & Co. now owns 47,727 shares of the company’s stock worth $651,000 after buying an additional 47,427 shares in the last quarter. Hedge funds and other institutional investors own 29.15% of the company’s stock.
Dynagas LNG Partners Company Profile
Dynagas LNG Partners LP is organized for the purpose of owning, operating, and acquiring liquid natural gas (LNG) carriers. The Company is focused on owning and operating LNG carriers. The Company operates in the segment relating to its operations as it operates solely LNG vessels. The Company’s vessels are employed on multi-year time charters, which the Company defines as charters of over two years or more, with international energy companies.
Receive News & Ratings for Dynagas LNG Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynagas LNG Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.