Shares of Dynagas LNG Partners LP (NYSE:DLNG) have received a consensus rating of “Hold” from the six analysts that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation. The average 1-year price objective among brokerages that have covered the stock in the last year is $2.77.
DLNG has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Dynagas LNG Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. B. Riley set a $2.30 target price on shares of Dynagas LNG Partners and gave the company a “hold” rating in a research report on Friday, September 27th.
A hedge fund recently bought a new stake in Dynagas LNG Partners stock. Wiley BROS. Aintree Capital LLC acquired a new stake in Dynagas LNG Partners LP (NYSE:DLNG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,255 shares of the shipping company’s stock, valued at approximately $204,000. Wiley BROS. Aintree Capital LLC owned 0.07% of Dynagas LNG Partners at the end of the most recent quarter. Institutional investors and hedge funds own 7.72% of the company’s stock.
Shares of NYSE DLNG remained flat at $$2.05 during mid-day trading on Wednesday. 113,884 shares of the stock were exchanged, compared to its average volume of 96,141. The business has a fifty day simple moving average of $2.13 and a 200-day simple moving average of $1.66. The firm has a market cap of $72.84 million, a PE ratio of 8.54 and a beta of 1.16. The company has a quick ratio of 15.16, a current ratio of 15.16 and a debt-to-equity ratio of 4.96. Dynagas LNG Partners has a 1-year low of $1.15 and a 1-year high of $4.56.
Dynagas LNG Partners (NYSE:DLNG) last issued its earnings results on Thursday, September 26th. The shipping company reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.05). The business had revenue of $30.82 million during the quarter, compared to analyst estimates of $31.57 million. Dynagas LNG Partners had a negative net margin of 2.23% and a positive return on equity of 2.23%.
About Dynagas LNG Partners
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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