Dynagas LNG Partners (DLNG) Downgraded by Zacks Investment Research to “Hold”
Zacks Investment Research downgraded shares of Dynagas LNG Partners (NYSE:DLNG) from a buy rating to a hold rating in a report.
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. “
Several other research analysts have also recently issued reports on DLNG. B. Riley started coverage on shares of Dynagas LNG Partners in a report on Friday, November 9th. They issued a buy rating and a $10.50 price objective for the company. Maxim Group restated a buy rating on shares of Dynagas LNG Partners in a report on Friday, November 16th. ValuEngine cut shares of Dynagas LNG Partners from a hold rating to a sell rating in a report on Friday, November 16th. Stifel Nicolaus restated a hold rating and set a $9.00 target price on shares of Dynagas LNG Partners in a report on Sunday, November 18th. Finally, Wells Fargo & Co restated an underperform rating and set a $5.25 target price (down from $6.00) on shares of Dynagas LNG Partners in a report on Tuesday, November 20th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Dynagas LNG Partners has a consensus rating of Hold and an average price target of $6.93.
The company has a quick ratio of 2.65, a current ratio of 2.73 and a debt-to-equity ratio of 3.35. The company has a market capitalization of $90.42 million, a PE ratio of 3.45, a P/E/G ratio of 10.99 and a beta of 0.93. Dynagas LNG Partners has a 12-month low of $2.46 and a 12-month high of $11.40.
Dynagas LNG Partners (NYSE:DLNG) last posted its quarterly earnings data on Thursday, November 15th. The shipping company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.05). The company had revenue of $31.32 million during the quarter, compared to the consensus estimate of $30.82 million. Dynagas LNG Partners had a net margin of 7.78% and a return on equity of 9.15%. As a group, sell-side analysts anticipate that Dynagas LNG Partners will post 0.33 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 14th. Investors of record on Thursday, February 7th will be issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 9.80%. The ex-dividend date is Wednesday, February 6th. Dynagas LNG Partners’s payout ratio is 33.78%.
A hedge fund recently bought a new stake in Dynagas LNG Partners stock. Wiley BROS. Aintree Capital LLC bought a new position in shares of Dynagas LNG Partners LP (NYSE:DLNG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,630 shares of the shipping company’s stock, valued at approximately $30,000. 10.25% of the stock is currently owned by institutional investors.