Dynagas LNG Partners (NYSE:DLNG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, December 8th.
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. “
A number of other research analysts also recently commented on DLNG. Stifel Nicolaus set a $19.00 target price on shares of Dynagas LNG Partners and gave the company a “buy” rating in a research report on Friday, August 25th. Jefferies Group reissued a “buy” rating and set a $19.00 price objective on shares of Dynagas LNG Partners in a research report on Tuesday, August 22nd. Maxim Group set a $18.00 price objective on shares of Dynagas LNG Partners and gave the stock a “buy” rating in a research report on Wednesday, August 30th. ValuEngine upgraded shares of Dynagas LNG Partners from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, BidaskClub cut shares of Dynagas LNG Partners from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $15.00.
Shares of Dynagas LNG Partners (NYSE:DLNG) traded up $0.86 on Friday, hitting $11.72. 391,765 shares of the stock were exchanged, compared to its average volume of 336,500. 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 firm has a market cap of $591.98, a price-to-earnings ratio of 14.47 and a beta of 1.08. Dynagas LNG Partners has a fifty-two week low of $10.66 and a fifty-two week high of $17.93.
Institutional investors and hedge funds have recently made changes to their positions in the business. 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 worth $107,000 after acquiring an additional 2,200 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in Dynagas LNG Partners during the second quarter worth about $238,000. Cambridge Investment Research Advisors Inc. acquired a new position in Dynagas LNG Partners during the second quarter worth about $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 worth $548,000 after acquiring an additional 14,378 shares during the last quarter. Finally, Arrow Investment Advisors LLC purchased a new stake in shares of Dynagas LNG Partners during the second quarter worth about $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).
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