Dynagas LNG Partners (NYSE:DLNG) has received a consensus rating of “Hold” from the eight analysts that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $11.10.
DLNG has been the topic of several recent research reports. Zacks Investment Research downgraded Dynagas LNG Partners from a “hold” rating to a “sell” rating in a research note on Monday, March 19th. ValuEngine cut Dynagas LNG Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, April 18th. Morgan Stanley lowered their price objective on Dynagas LNG Partners from $13.00 to $11.50 and set an “equal weight” rating on the stock in a research report on Monday, February 12th. Maxim Group lowered their price objective on Dynagas LNG Partners from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, April 19th. Finally, Wells Fargo cut Dynagas LNG Partners from a “market perform” rating to an “underperform” rating and set a $6.00 price objective on the stock. in a research report on Tuesday, April 24th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Koch Industries Inc. bought a new position in shares of Dynagas LNG Partners during the 4th quarter valued at $128,000. Millennium Management LLC bought a new position in shares of Dynagas LNG Partners during the 4th quarter valued at $199,000. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Dynagas LNG Partners by 138.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 40,601 shares of the shipping company’s stock valued at $441,000 after buying an additional 23,601 shares during the period. SeaCrest Wealth Management LLC bought a new position in shares of Dynagas LNG Partners during the 4th quarter valued at $380,000. Finally, Virtu Financial LLC bought a new position in shares of Dynagas LNG Partners during the 4th quarter valued at $416,000. 14.75% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DLNG stock traded down $0.01 during midday trading on Monday, reaching $7.97. 487,502 shares of the stock were exchanged, compared to its average volume of 172,170. Dynagas LNG Partners has a 1 year low of $7.55 and a 1 year high of $16.87. The company has a debt-to-equity ratio of 2.90, a quick ratio of 3.04 and a current ratio of 3.08. The company has a market capitalization of $283.49, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 21.92 and a beta of 1.20.
Dynagas LNG Partners (NYSE:DLNG) last posted its earnings results on Thursday, February 15th. The shipping company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The firm had revenue of $34.45 million for the quarter, compared to analysts’ expectations of $35.60 million. Dynagas LNG Partners had a return on equity of 11.99% and a net margin of 12.48%. sell-side analysts forecast that Dynagas LNG Partners will post 0.36 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 3rd. Investors of record on Thursday, April 26th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, April 25th. This represents a $1.00 annualized dividend and a yield of 12.55%. Dynagas LNG Partners’s dividend payout ratio (DPR) is presently 135.14%.
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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