Dynagas LNG Partners (DLNG) Raised to Buy at ValuEngine

ValuEngine upgraded shares of Dynagas LNG Partners (NYSE:DLNG) from a hold rating to a buy rating in a research report released on Friday morning.

A number of other brokerages have also recently issued reports on DLNG. Zacks Investment Research raised shares of Dynagas LNG Partners from a strong sell rating to a hold rating in a research note on Tuesday, August 8th. BidaskClub cut shares of Dynagas LNG Partners from a sell rating to a strong sell rating in a research note on Saturday, September 2nd. Maxim Group set a $18.00 price objective on shares of Dynagas LNG Partners and gave the stock a buy rating in a research note on Wednesday, August 30th. Jefferies Group reissued a buy rating and issued a $19.00 price objective on shares of Dynagas LNG Partners in a research note on Tuesday, August 22nd. Finally, Stifel Nicolaus set a $19.00 price objective on shares of Dynagas LNG Partners and gave the stock a buy rating in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $17.20.

Shares of Dynagas LNG Partners (NYSE DLNG) traded down $0.13 during midday trading on Friday, hitting $13.26. 119,300 shares of the stock were exchanged, compared to its average volume of 151,406. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 2.65. The stock has a market capitalization of $471.06, a PE ratio of 9.68 and a beta of 1.08. Dynagas LNG Partners has a 1 year low of $12.21 and a 1 year 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 (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.10). The firm had revenue of $31.98 million during the quarter, compared to analysts’ expectations of $33.70 million. Dynagas LNG Partners had a return on equity of 19.22% and a net margin of 26.03%. sell-side analysts expect that Dynagas LNG Partners will post 0.78 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Arrow Investment Advisors LLC grew its stake in Dynagas LNG Partners by 25.5% during the third quarter. Arrow Investment Advisors LLC now owns 50,039 shares of the shipping company’s stock valued at $698,000 after acquiring an additional 10,171 shares in the last quarter. Royal Bank of Canada grew its stake in Dynagas LNG Partners by 45.4% during the second 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 in the last quarter. California Public Employees Retirement System grew its stake in Dynagas LNG Partners by 2.2% during the second quarter. California Public Employees Retirement System now owns 254,900 shares of the shipping company’s stock valued at $3,897,000 after acquiring an additional 5,500 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Dynagas LNG Partners by 20.3% during the second quarter. Ameriprise Financial Inc. now owns 42,088 shares of the shipping company’s stock valued at $644,000 after acquiring an additional 7,095 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Dynagas LNG Partners during the second quarter valued at $367,000. 17.36% of the stock is owned by institutional investors.

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About Dynagas LNG Partners

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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