Analysts Set Dynagas LNG Partners LP (DLNG) Target Price at $5.32

Shares of Dynagas LNG Partners LP (NYSE:DLNG) have been given an average rating of “Hold” by the ten analysts that are currently covering the firm, reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $5.32.

Several brokerages recently issued reports on DLNG. ValuEngine raised Dynagas LNG Partners from a “strong sell” rating to a “sell” rating in a report on Saturday, January 5th. Zacks Investment Research raised Dynagas LNG Partners from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a report on Tuesday, January 8th. B. Riley downgraded Dynagas LNG Partners from a “buy” rating to a “neutral” rating and cut their target price for the company from $10.50 to $2.65 in a research note on Monday, January 28th. Finally, Jefferies Financial Group downgraded Dynagas LNG Partners from a “buy” rating to a “hold” rating and set a $3.00 target price on the stock. in a research note on Tuesday, January 29th.

NYSE:DLNG opened at $2.19 on Tuesday. The company has a debt-to-equity ratio of 3.58, a quick ratio of 2.65 and a current ratio of 5.45. Dynagas LNG Partners has a 52 week low of $2.16 and a 52 week high of $9.94. The company has a market cap of $77.81 million, a price-to-earnings ratio of 9.12 and a beta of 0.89.

Dynagas LNG Partners (NYSE:DLNG) last released its earnings results on Thursday, March 21st. The shipping company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). Dynagas LNG Partners had a return on equity of 6.33% and a net margin of 2.84%. The firm had revenue of $31.02 million for the quarter, compared to the consensus estimate of $32.41 million. On average, research analysts forecast that Dynagas LNG Partners will post 0.12 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Wiley BROS. Aintree Capital LLC acquired a new position in shares of Dynagas LNG Partners in the 4th quarter worth $30,000. Virtu Financial LLC acquired a new stake in shares of Dynagas LNG Partners in the first quarter worth $39,000. GSA Capital Partners LLP acquired a new stake in shares of Dynagas LNG Partners in the fourth quarter worth $234,000. Finally, Deutsche Bank AG boosted its position in shares of Dynagas LNG Partners by 9,163.4% in the fourth quarter. Deutsche Bank AG now owns 192,400 shares of the shipping company’s stock worth $648,000 after buying an additional 190,323 shares during the period.

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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Analyst Recommendations for Dynagas LNG Partners (NYSE:DLNG)

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