Dynagas LNG Partners (DLNG) Upgraded 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 report published on Friday morning.

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

Shares of Dynagas LNG Partners (DLNG) opened at $13.59 on Friday. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 2.65. Dynagas LNG Partners has a twelve month low of $12.21 and a twelve month high of $17.93. The company has a market capitalization of $471.06, a PE ratio of 9.68 and a beta of 1.08.

Dynagas LNG Partners (NYSE:DLNG) last released its earnings results on Tuesday, September 5th. The shipping company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.10). Dynagas LNG Partners had a return on equity of 19.22% and a net margin of 26.03%. The firm had revenue of $31.98 million for the quarter, compared to analyst estimates of $33.70 million. analysts expect that Dynagas LNG Partners will post 0.78 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada raised its position 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. Marshall Wace North America L.P. purchased a new position in Dynagas LNG Partners during the second quarter valued at approximately $238,000. Cambridge Investment Research Advisors Inc. purchased a new position in Dynagas LNG Partners during the second quarter valued at approximately $367,000. Goldman Sachs Group Inc. raised its position in Dynagas LNG Partners by 86.0% during the first quarter. Goldman Sachs Group Inc. now owns 31,099 shares of the shipping company’s stock valued at $548,000 after acquiring an additional 14,378 shares in the last quarter. Finally, Arrow Investment Advisors LLC purchased a new position in Dynagas LNG Partners during the second quarter valued at approximately $610,000. Institutional investors own 17.36% of the company’s stock.

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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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Dynagas LNG Partners (NYSE:DLNG)

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