Morgan Stanley set a $3.00 target price on Dynagas LNG Partners (NYSE:DLNG) in a research report released on Wednesday morning, TipRanks reports. The brokerage currently has a hold rating on the shipping company’s stock.
Several other equities research analysts also recently issued reports on DLNG. Zacks Investment Research downgraded Dynagas LNG Partners from a buy rating to a hold rating in a research note on Monday, February 11th. ValuEngine downgraded Dynagas LNG Partners from a sell rating to a strong sell rating in a research note on Tuesday, January 29th. Finally, Jefferies Financial Group downgraded Dynagas LNG Partners from a buy rating to a hold rating and set a $3.00 price objective for the company. in a research note on Tuesday, January 29th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $4.95.
Shares of Dynagas LNG Partners stock opened at $2.19 on Wednesday. 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 1 year low of $2.16 and a 1 year high of $9.94.
Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly earnings data on Thursday, March 21st. The shipping company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.06). The business had revenue of $31.02 million during the quarter, compared to analysts’ expectations of $32.41 million. Dynagas LNG Partners had a return on equity of 6.33% and a net margin of 2.84%. On average, analysts anticipate that Dynagas LNG Partners will post 0.09 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of DLNG. Deutsche Bank AG raised its stake in shares of Dynagas LNG Partners by 9,163.4% during the 4th quarter. Deutsche Bank AG now owns 192,400 shares of the shipping company’s stock worth $648,000 after purchasing an additional 190,323 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Dynagas LNG Partners during the 4th quarter worth about $234,000. Virtu Financial LLC purchased a new stake in shares of Dynagas LNG Partners during the 1st quarter worth about $39,000. Finally, Wiley BROS. Aintree Capital LLC purchased a new stake in shares of Dynagas LNG Partners during the 4th quarter worth about $30,000.
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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