Dynagas LNG Partners LP Receives Average Rating of “Hold” from Brokerages
Shares of Dynagas LNG Partners LP have been given an average rating of “Hold” by the ten ratings firms that are currently covering the stock. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $16.38.
Several analysts recently issued reports on DLNG shares. Zacks Investment Research cut Dynagas LNG Partners from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 3rd. Maxim Group initiated coverage on Dynagas LNG Partners in a report on Tuesday, October 18th. They set a “buy” rating and a $20.00 price target for the company. Finally, TheStreet upgraded Dynagas LNG Partners from a “sell” rating to a “hold” rating in a report on Monday, November 14th.
A number of institutional investors have recently added to or reduced their stakes in the stock. Kayne Anderson Capital Advisors LP bought a new position in shares of Dynagas LNG Partners during the third quarter worth approximately $58,398,000. Cohen & Steers Inc. boosted its position in shares of Dynagas LNG Partners by 361.2% in the second quarter. Cohen & Steers Inc. now owns 688,177 shares of the company’s stock worth $38,304,000 after buying an additional 538,977 shares during the period. Parkwood LLC bought a new position in shares of Dynagas LNG Partners during the third quarter worth approximately $1,591,000. Guggenheim Capital LLC bought a new position in shares of Dynagas LNG Partners during the second quarter worth approximately $867,000. Finally, Buckingham Asset Management LLC bought a new position in shares of Dynagas LNG Partners during the second quarter worth approximately $683,000. Institutional investors and hedge funds own 46.18% of the company’s stock.
Shares of Dynagas LNG Partners (NYSE:DLNG) traded up 0.942% during trading on Monday, hitting $16.615. The company had a trading volume of 158,142 shares. The company has a market capitalization of $590.25 million, a P/E ratio of 9.925 and a beta of 1.20. Dynagas LNG Partners has a 52 week low of $7.06 and a 52 week high of $17.60. The stock’s 50-day moving average price is $15.82 and its 200 day moving average price is $15.01.
Dynagas LNG Partners (NYSE:DLNG) last released its earnings results on Monday, November 14th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. Dynagas LNG Partners had a return on equity of 21.28% and a net margin of 40.01%. On average, equities research analysts forecast that Dynagas LNG Partners will post $1.88 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, January 19th. Shareholders of record on Wednesday, January 11th were issued a dividend of $0.4225 per share. This represents a $1.69 annualized dividend and a yield of 10.19%. The ex-dividend date was Monday, January 9th. Dynagas LNG Partners’s dividend payout ratio is presently 101.20%.