Zacks Investment Research cut shares of Dynagas LNG Partners (NYSE:DLNG) from a buy rating to a hold rating in a research note issued to investors on Friday.
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 also recently weighed in on DLNG. ValuEngine downgraded shares of Dynagas LNG Partners from a sell rating to a strong sell rating in a research report on Tuesday, January 29th. Jefferies Financial Group downgraded shares of Dynagas LNG Partners from a buy rating to a hold rating and set a $3.00 price objective on the stock. in a research report on Tuesday, January 29th. Morgan Stanley set a $3.00 price objective on shares of Dynagas LNG Partners and gave the company a hold rating in a research report on Friday, February 15th. Wells Fargo & Co reaffirmed an underperform rating and set a $5.25 price objective (down from $6.00) on shares of Dynagas LNG Partners in a research report on Tuesday, November 20th. Finally, B. Riley downgraded shares of Dynagas LNG Partners from a buy rating to a neutral rating and lowered their price objective for the company from $10.50 to $2.65 in a research report on Monday, January 28th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $5.83.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 14th. Investors of record on Thursday, February 7th were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 9.92%. The ex-dividend date was Wednesday, February 6th. Dynagas LNG Partners’s payout ratio is presently 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 shares of Dynagas LNG Partners LP (NYSE:DLNG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 14,630 shares of the shipping company’s stock, valued at approximately $30,000. 10.55% of the stock is currently owned by institutional investors and hedge funds.
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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