Dynagas LNG Partners (NYSE:DLNG) Lifted to Hold at ValuEngine

ValuEngine upgraded shares of Dynagas LNG Partners (NYSE:DLNG) from a sell rating to a hold rating in a research note issued to investors on Thursday morning, ValuEngine reports.

Other research analysts also recently issued reports about the company. Zacks Investment Research raised Dynagas LNG Partners from a hold rating to a buy rating and set a $1.75 target price on the stock in a report on Tuesday, July 2nd. Morgan Stanley set a $3.00 target price on Dynagas LNG Partners and gave the stock a hold rating in a report on Wednesday, April 17th. TheStreet downgraded Dynagas LNG Partners from a c- rating to a d rating in a report on Tuesday, June 11th. Finally, B. Riley set a $2.00 price objective on Dynagas LNG Partners and gave the stock a hold rating in a research report on Thursday, June 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $4.71.

DLNG traded down $0.06 during midday trading on Thursday, hitting $1.33. 39,509 shares of the company were exchanged, compared to its average volume of 61,221. The firm has a market capitalization of $49.38 million, a price-to-earnings ratio of 27.80 and a beta of 1.02. Dynagas LNG Partners has a 1-year low of $1.32 and a 1-year high of $9.20. The business has a 50 day moving average price of $1.47.

Dynagas LNG Partners (NYSE:DLNG) last announced its earnings results on Thursday, June 6th. The shipping company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.02). The company had revenue of $31.40 million for the quarter, compared to analyst estimates of $31.48 million. Dynagas LNG Partners had a return on equity of 3.96% and a net margin of 0.53%. On average, analysts expect that Dynagas LNG Partners will post 0.06 EPS for the current fiscal year.

An institutional investor recently bought a new position in Dynagas LNG Partners stock. Virtu Financial LLC purchased a new stake in shares of Dynagas LNG Partners LP (NYSE:DLNG) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,405 shares of the shipping company’s stock, valued at approximately $39,000. Institutional investors and hedge funds own 7.94% of the company’s stock.

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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