Dynagas LNG Partners (NYSE:DLNG) received a $2.30 price target from stock analysts at B. Riley in a research report issued on Friday, TipRanks reports. The firm currently has a “hold” rating on the shipping company’s stock. B. Riley’s target price would suggest a potential upside of 16.16% from the company’s previous close.
DLNG has been the topic of a number of other reports. ValuEngine upgraded Dynagas LNG Partners from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded Dynagas LNG Partners from a “hold” rating to a “buy” rating and set a $1.50 price target on the stock in a research note on Monday, September 23rd. Finally, TheStreet cut Dynagas LNG Partners from a “c-” rating to a “d” rating in a research note on Tuesday, June 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $4.01.
Dynagas LNG Partners stock traded up $0.15 during midday trading on Friday, reaching $1.98. The company’s stock had a trading volume of 401,593 shares, compared to its average volume of 164,201. Dynagas LNG Partners has a fifty-two week low of $1.15 and a fifty-two week high of $9.05. The company has a market cap of $67.69 million, a P/E ratio of 8.25 and a beta of 1.01. The business has a 50-day simple moving average of $1.30 and a 200-day simple moving average of $1.75.
Dynagas LNG Partners (NYSE:DLNG) last posted its quarterly earnings results on Thursday, September 26th. The shipping company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.05). Dynagas LNG Partners had a net margin of 1.00% and a return on equity of 2.37%. The business had revenue of $30.82 million during the quarter, compared to analyst estimates of $31.57 million. As a group, equities research analysts forecast that Dynagas LNG Partners will post 0.07 earnings per share for the current year.
An institutional investor recently bought a new position in Dynagas LNG Partners stock. LPL Financial LLC bought a new position in shares of Dynagas LNG Partners LP (NYSE:DLNG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,481 shares of the shipping company’s stock, valued at approximately $30,000. LPL Financial LLC owned approximately 0.06% of Dynagas LNG Partners as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 8.22% of the company’s stock.
Dynagas LNG Partners Company Profile
Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry worldwide. The company owns and operates liquefied natural gas (LNG) carriers. As of March 9, 2018, its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.
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