Dynagas LNG Partners’ (DLNG) “Buy” Rating Reaffirmed at Jefferies Group LLC

Jefferies Group LLC reissued their buy rating on shares of Dynagas LNG Partners LP (NYSE:DLNG) in a research report released on Tuesday morning.

DLNG has been the subject of several other reports. Stifel Nicolaus reissued a buy rating and set a $19.00 price objective on shares of Dynagas LNG Partners in a report on Sunday, October 1st. BidaskClub cut Dynagas LNG Partners from a hold rating to a sell rating in a report on Friday, July 28th. Maxim Group reissued a buy rating and set a $18.00 price objective on shares of Dynagas LNG Partners in a report on Tuesday, September 5th. Finally, Zacks Investment Research raised Dynagas LNG Partners from a strong sell rating to a hold rating in a report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Dynagas LNG Partners has a consensus rating of Hold and a consensus target price of $17.20.

Dynagas LNG Partners (DLNG) traded down 0.1024% during trading on Tuesday, hitting $13.0766. 60,332 shares of the stock traded hands. The stock has a market cap of $464.55 million, a P/E ratio of 13.7648 and a beta of 1.10. The firm’s 50-day moving average is $13.55 and its 200 day moving average is $14.68. Dynagas LNG Partners has a 52 week low of $12.76 and a 52 week high of $17.93.

Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly earnings data on Tuesday, September 5th. The shipping company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.10). The firm had revenue of $31.98 million for the quarter, compared to the consensus estimate of $33.70 million. Dynagas LNG Partners had a return on equity of 19.22% and a net margin of 26.03%. Equities research analysts forecast that Dynagas LNG Partners will post $0.81 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 19th. Stockholders of record on Thursday, October 12th were issued a $0.4225 dividend. This represents a $1.69 annualized dividend and a dividend yield of 12.91%. The ex-dividend date was Wednesday, October 11th. Dynagas LNG Partners’s payout ratio is presently 176.04%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada raised its stake in Dynagas LNG Partners by 45.4% in the 2nd quarter. Royal Bank of Canada now owns 7,043 shares of the shipping company’s stock valued at $107,000 after acquiring an additional 2,200 shares during the period. Marshall Wace North America L.P. bought a new position in Dynagas LNG Partners during the 2nd quarter worth $238,000. Cambridge Investment Research Advisors Inc. bought a new position in Dynagas LNG Partners during the 2nd quarter worth $367,000. Goldman Sachs Group Inc. increased its position in Dynagas LNG Partners by 86.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 31,099 shares of the shipping company’s stock worth $548,000 after buying an additional 14,378 shares during the period. Finally, Ameriprise Financial Inc. bought a new position in Dynagas LNG Partners during the 1st quarter worth $643,000. Institutional investors and hedge funds own 19.62% of the company’s stock.

Dynagas LNG Partners Company Profile

Dynagas LNG Partners LP is a limited partnership, which focuses on owning and operating liquid natural gas (LNG) carriers. The Company’s vessels are employed on multi-year time charters with international energy companies. As of December 31, 2016, the Company owned and operated a fleet of six LNG carriers, consisting of the three LNG carriers in its Initial Fleet, the Clean Energy, the Ob River and the Amur River, and three 2013-built Ice Class LNG carriers that the Company acquired from its Sponsor the Arctic Aurora, the Yenisei River, and the Lena River (collectively referred as its Fleet).

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