Dynagas LNG Partners (DLNG) Downgraded by Zacks Investment Research to “Hold”

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Zacks Investment Research downgraded shares of Dynagas LNG Partners (NYSE:DLNG) from a buy rating to a hold rating in a report published on Monday.

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. “

Several other research analysts have also recently issued reports on DLNG. B. Riley started coverage on shares of Dynagas LNG Partners in a report on Friday, November 9th. They issued a buy rating and a $10.50 price objective for the company. Maxim Group restated a buy rating on shares of Dynagas LNG Partners in a report on Friday, November 16th. ValuEngine cut shares of Dynagas LNG Partners from a hold rating to a sell rating in a report on Friday, November 16th. Stifel Nicolaus restated a hold rating and set a $9.00 target price on shares of Dynagas LNG Partners in a report on Sunday, November 18th. Finally, Wells Fargo & Co restated an underperform rating and set a $5.25 target price (down from $6.00) on shares of Dynagas LNG Partners in a report on Tuesday, November 20th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Dynagas LNG Partners has a consensus rating of Hold and an average price target of $6.93.

Dynagas LNG Partners stock opened at $2.55 on Monday. The company has a quick ratio of 2.65, a current ratio of 2.73 and a debt-to-equity ratio of 3.35. The company has a market capitalization of $90.42 million, a PE ratio of 3.45, a P/E/G ratio of 10.99 and a beta of 0.93. Dynagas LNG Partners has a 12-month low of $2.46 and a 12-month high of $11.40.

Dynagas LNG Partners (NYSE:DLNG) last posted its quarterly earnings data on Thursday, November 15th. The shipping company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.05). The company had revenue of $31.32 million during the quarter, compared to the consensus estimate of $30.82 million. Dynagas LNG Partners had a net margin of 7.78% and a return on equity of 9.15%. As a group, sell-side analysts anticipate that Dynagas LNG Partners will post 0.33 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 14th. Investors of record on Thursday, February 7th will be issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 9.80%. The ex-dividend date is Wednesday, February 6th. Dynagas LNG Partners’s payout ratio is 33.78%.

A hedge fund recently bought a new stake in Dynagas LNG Partners stock. Wiley BROS. Aintree Capital LLC bought a new position in shares of Dynagas LNG Partners LP (NYSE:DLNG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,630 shares of the shipping company’s stock, valued at approximately $30,000. 10.25% of the stock is currently owned by institutional investors.

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 9, 2018, its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.

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Analyst Recommendations for Dynagas LNG Partners (NYSE:DLNG)

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