Maxim Group set a $20.00 price target on Dynagas LNG Partners LP (NYSE:DLNG) in a report published on Monday, May 22nd. The brokerage currently has a buy rating on the shipping company’s stock.
A number of other research firms also recently weighed in on DLNG. Stifel Nicolaus lifted their price objective on Dynagas LNG Partners from $18.00 to $19.00 and gave the company a buy rating in a report on Thursday, April 6th. Zacks Investment Research downgraded Dynagas LNG Partners from a hold rating to a strong sell rating in a report on Friday, February 24th. Finally, Clarkson Capital downgraded Dynagas LNG Partners from a buy rating to a neutral rating and set a $17.00 price objective on the stock. in a report on Wednesday, March 1st. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $16.21.
Dynagas LNG Partners (DLNG) traded up 1.35% on Monday, reaching $14.29. The company’s stock had a trading volume of 100,188 shares. Dynagas LNG Partners has a 52 week low of $12.40 and a 52 week high of $17.93. The company has a market capitalization of $507.65 million, a price-to-earnings ratio of 9.08 and a beta of 1.12. The firm’s 50 day moving average price is $15.18 and its 200-day moving average price is $16.17.
Dynagas LNG Partners (NYSE:DLNG) last released its earnings results on Thursday, June 8th. The shipping company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. Dynagas LNG Partners had a return on equity of 23.74% and a net margin of 37.68%. The business had revenue of $39.09 million for the quarter, compared to the consensus estimate of $40.38 million. On average, equities analysts predict that Dynagas LNG Partners will post $1.02 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in DLNG. Pointe Capital Management LLC raised its position in shares of Dynagas LNG Partners by 0.3% in the third quarter. Pointe Capital Management LLC now owns 37,839 shares of the shipping company’s stock valued at $586,000 after buying an additional 119 shares during the period. Renaissance Technologies LLC raised its position in shares of Dynagas LNG Partners by 1,073.9% in the fourth quarter. Renaissance Technologies LLC now owns 160,824 shares of the shipping company’s stock valued at $2,570,000 after buying an additional 147,124 shares during the period. GSA Capital Partners LLP raised its position in shares of Dynagas LNG Partners by 72.0% in the fourth quarter. GSA Capital Partners LLP now owns 52,800 shares of the shipping company’s stock valued at $844,000 after buying an additional 22,100 shares during the period. Guggenheim Capital LLC raised its position in shares of Dynagas LNG Partners by 19.6% in the fourth quarter. Guggenheim Capital LLC now owns 114,123 shares of the shipping company’s stock valued at $1,824,000 after buying an additional 18,716 shares during the period. Finally, Ameriprise Financial Inc. bought a new position in shares of Dynagas LNG Partners during the first quarter worth $643,000. 37.78% of the stock is owned by hedge funds and other institutional investors.
Source: The Cerbat Gem