Zacks Investment Research Downgrades Dynagas LNG Partners (DLNG) to Hold

Dynagas LNG Partners (NYSE:DLNG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued 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. “

A number of other brokerages also recently issued reports on DLNG. B. Riley assumed coverage on shares of Dynagas LNG Partners in a report on Friday, November 9th. They issued a “buy” rating and a $10.50 price target for the company. Maxim Group reiterated a “buy” rating on shares of Dynagas LNG Partners in a report on Friday, November 16th. Stifel Nicolaus reiterated a “hold” rating and issued a $9.00 price target on shares of Dynagas LNG Partners in a report on Sunday, November 18th. ValuEngine downgraded shares of Dynagas LNG Partners from a “hold” rating to a “sell” rating in a report on Friday, November 16th. Finally, Wells Fargo & Co reiterated an “underperform” rating and issued a $5.25 price target (down previously 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 given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $6.93.

Dynagas LNG Partners stock remained flat at $$2.55 during trading hours on Monday. 233,900 shares of the company’s stock were exchanged, compared to its average volume of 353,004. The stock has a market cap of $90.42 million, a P/E ratio of 3.45, a P/E/G ratio of 10.99 and a beta of 0.93. The company has a debt-to-equity ratio of 3.35, a quick ratio of 2.65 and a current ratio of 2.73. Dynagas LNG Partners has a 52 week low of $2.46 and a 52 week high of $11.40.

Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly earnings results on Thursday, November 15th. The shipping company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.05). The company had revenue of $31.32 million during the quarter, compared to analysts’ expectations 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, equities analysts anticipate that Dynagas LNG Partners will post 0.33 EPS for the current year.

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

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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