Trade Report: Today, Brokerages give average Rating of “Hold” to Dynagas LNG Partners LP (DLNG)

Today, Brokerages give average Rating of “Hold” to Dynagas LNG Partners LP (DLNG)

Dynagas LNG Partners LP (NYSE:DLNG) has been assigned a consensus recommendation of “Hold” from the nine research firms that are covering the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $15.17.

DLNG has been the topic of several research reports. Clarkson Capital reissued a “buy” rating on shares of Dynagas LNG Partners in a research report on Friday, September 23rd. Jefferies Group initiated coverage on shares of Dynagas LNG Partners in a research report on Tuesday, September 13th. They issued a “buy” rating and a $18.00 price target on the stock. Zacks Investment Research raised shares of Dynagas LNG Partners from a “sell” rating to a “hold” rating in a research report on Monday, July 25th. Finally, Wells Fargo & Co. initiated coverage on shares of Dynagas LNG Partners in a research report on Monday, September 19th. They issued a “market perform” rating and a $9.50 price target on the stock.

Dynagas LNG Partners (NYSE:DLNG) opened at 15.20 on Wednesday. Dynagas LNG Partners has a one year low of $6.70 and a one year high of $16.25. The stock’s 50 day moving average is $15.32 and its 200-day moving average is $14.15. The firm has a market cap of $539.98 million, a price-to-earnings ratio of 9.22 and a beta of 1.13.

Dynagas LNG Partners (NYSE:DLNG) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.05. Dynagas LNG Partners had a net margin of 40.76% and a return on equity of 20.23%. The company had revenue of $43.60 million for the quarter, compared to analyst estimates of $42.32 million. On average, equities research analysts expect that Dynagas LNG Partners will post $1.84 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 18th. Stockholders of record on Tuesday, October 11th will be issued a $0.4225 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 11.12%. The ex-dividend date of this dividend is Thursday, October 6th. Dynagas LNG Partners’s payout ratio is 103.05%.

Several institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its position in shares of Dynagas LNG Partners by 21.4% in the first quarter. Royal Bank of Canada now owns 11,362 shares of the company’s stock worth $130,000 after buying an additional 2,005 shares during the last quarter. Barclays PLC bought a new position in shares of Dynagas LNG Partners during the second quarter worth approximately $225,000. Stifel Financial Corp raised its position in shares of Dynagas LNG Partners by 54.2% in the second quarter. Stifel Financial Corp now owns 33,730 shares of the company’s stock worth $460,000 after buying an additional 11,859 shares during the last quarter. Pointe Capital Management LLC raised its position in shares of Dynagas LNG Partners by 5.6% in the second quarter. Pointe Capital Management LLC now owns 37,720 shares of the company’s stock worth $515,000 after buying an additional 1,987 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Dynagas LNG Partners by 15,809.0% in the second quarter. JPMorgan Chase & Co. now owns 47,727 shares of the company’s stock worth $651,000 after buying an additional 47,427 shares during the last quarter. 29.17% of the stock is currently owned by hedge funds and other institutional investors.

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