Dynagas LNG Partners (DLNG) – Analysts’ Recent Ratings Changes

Dynagas LNG Partners (NYSE: DLNG) has recently received a number of price target changes and ratings updates:

  • 1/2/2018 – Dynagas LNG Partners was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Dynagas LNG Partners LP is focused on owning and operating LNG carriers that are employed on multi-year contracts with international energy companies. Dynagas LNG Partners LP is based in Glyfada, Greece. “
  • 12/28/2017 – Dynagas LNG Partners was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $11.00 price target on the stock, down previously from $17.00.
  • 12/22/2017 – Dynagas LNG Partners was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $11.00 price target on the stock, down previously from $17.00.
  • 12/18/2017 – Dynagas LNG Partners is now covered by analysts at Jefferies Group LLC. They set a “buy” rating and a $19.00 price target on the stock.
  • 12/14/2017 – Dynagas LNG Partners had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $15.00 price target on the stock, down previously from $18.00. They wrote, “Dynagas reported 3Q17 results on December 5, 2017, with adjusted earnings and revenue that were lower than our estimate and consensus. However, EBITDA was in-line with our estimate and above consensus.””
  • 12/8/2017 – Dynagas LNG Partners was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Dynagas LNG Partners LP is focused on owning and operating LNG carriers that are employed on multi-year contracts with international energy companies. Dynagas LNG Partners LP is based in Glyfada, Greece. “
  • 12/6/2017 – Dynagas LNG Partners had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $17.00 price target on the stock.
  • 12/1/2017 – Dynagas LNG Partners was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 11/13/2017 – Dynagas LNG Partners was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Dynagas LNG Partners LP is focused on owning and operating LNG carriers that are employed on multi-year contracts with international energy companies. Dynagas LNG Partners LP is based in Glyfada, Greece. “
  • 11/7/2017 – Dynagas LNG Partners was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Dynagas LNG Partners LP is focused on owning and operating LNG carriers that are employed on multi-year contracts with international energy companies. Dynagas LNG Partners LP is based in Glyfada, Greece. “

Dynagas LNG Partners LP (DLNG) traded down $0.19 during midday trading on Friday, hitting $12.22. The stock had a trading volume of 318,339 shares, compared to its average volume of 284,901. The firm has a market cap of $617.24, a PE ratio of 15.09 and a beta of 1.07. Dynagas LNG Partners LP has a one year low of $10.66 and a one year high of $17.93. The company has a debt-to-equity ratio of 2.78, a current ratio of 2.95 and a quick ratio of 2.95.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 18th. Stockholders of record on Thursday, January 11th will be paid a $0.4225 dividend. The ex-dividend date of this dividend is Wednesday, January 10th. This represents a $1.69 annualized dividend and a dividend yield of 13.83%. Dynagas LNG Partners’s dividend payout ratio (DPR) is currently 208.64%.

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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