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Dynagas LNG Partners LP Cut to Strong Sell at Zacks Investment Research
TIN news: Dynagas LNG Partners LP was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a note issued to investors.
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. “
Other equities research analysts also recently issued research reports about the company. Clarkson Capital reiterated a “buy” rating on shares of Dynagas LNG Partners in a report on Friday, September 23rd. TheStreet upgraded Dynagas LNG Partners from a “sell” rating to a “hold” rating in a report on Monday, November 14th. Wells Fargo & Company initiated coverage on Dynagas LNG Partners in a report on Monday, September 19th. They issued a “market perform” rating and a $9.50 price objective on the stock. Finally, Maxim Group initiated coverage on Dynagas LNG Partners in a report on Tuesday, October 18th.
They issued a “buy” rating and a $20.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Dynagas LNG Partners presently has a consensus rating of “Hold” and a consensus target price of $16.36.
Shares of Dynagas LNG Partners (NYSE:DLNG) traded down 1.38% during midday trading on Tuesday, reaching $16.43. The company had a trading volume of 165,378 shares. The company’s 50 day moving average price is $15.67 and its 200-day moving average price is $14.96. The company has a market capitalization of $583.68 million, a P/E ratio of 9.81 and a beta of 1.20. Dynagas LNG Partners has a 52 week low of $6.70 and a 52 week high of $17.60.
Dynagas LNG Partners (NYSE:DLNG) last posted its earnings results on Monday, November 14th. The company reported $0.49 EPS for the quarter, beating the Zacks’ 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 predict that Dynagas LNG Partners will post $1.88 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 19th. Investors of record on Wednesday, January 11th will be paid a dividend of $0.4225 per share. The ex-dividend date of this dividend is Monday, January 9th. This represents a $1.69 annualized dividend and a yield of 10.29%. Dynagas LNG Partners’s payout ratio is 101.20%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company acquired a new position in Dynagas LNG Partners during the third quarter valued at about $108,000. Kayne Anderson Capital Advisors LP acquired a new position in Dynagas LNG Partners during the third quarter valued at about $58,398,000. Pointe Capital Management LLC boosted its position in Dynagas LNG Partners by 0.3% in the third quarter. Pointe Capital Management LLC now owns 37,839 shares of the company’s stock valued at $586,000 after buying an additional 119 shares in the last quarter.
Parkwood LLC acquired a new position in Dynagas LNG Partners during the third quarter valued at about $1,591,000. Finally, Cohen & Steers Inc. boosted its position in Dynagas LNG Partners by 361.2% in the second quarter. Cohen & Steers Inc. now owns 688,177 shares of the company’s stock valued at $38,304,000 after buying an additional 538,977 shares in the last quarter. 46.18% of the stock is owned by institutional investors and hedge funds.
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. “
Other equities research analysts also recently issued research reports about the company. Clarkson Capital reiterated a “buy” rating on shares of Dynagas LNG Partners in a report on Friday, September 23rd. TheStreet upgraded Dynagas LNG Partners from a “sell” rating to a “hold” rating in a report on Monday, November 14th. Wells Fargo & Company initiated coverage on Dynagas LNG Partners in a report on Monday, September 19th. They issued a “market perform” rating and a $9.50 price objective on the stock. Finally, Maxim Group initiated coverage on Dynagas LNG Partners in a report on Tuesday, October 18th.
They issued a “buy” rating and a $20.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Dynagas LNG Partners presently has a consensus rating of “Hold” and a consensus target price of $16.36.
Shares of Dynagas LNG Partners (NYSE:DLNG) traded down 1.38% during midday trading on Tuesday, reaching $16.43. The company had a trading volume of 165,378 shares. The company’s 50 day moving average price is $15.67 and its 200-day moving average price is $14.96. The company has a market capitalization of $583.68 million, a P/E ratio of 9.81 and a beta of 1.20. Dynagas LNG Partners has a 52 week low of $6.70 and a 52 week high of $17.60.
Dynagas LNG Partners (NYSE:DLNG) last posted its earnings results on Monday, November 14th. The company reported $0.49 EPS for the quarter, beating the Zacks’ 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 predict that Dynagas LNG Partners will post $1.88 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 19th. Investors of record on Wednesday, January 11th will be paid a dividend of $0.4225 per share. The ex-dividend date of this dividend is Monday, January 9th. This represents a $1.69 annualized dividend and a yield of 10.29%. Dynagas LNG Partners’s payout ratio is 101.20%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company acquired a new position in Dynagas LNG Partners during the third quarter valued at about $108,000. Kayne Anderson Capital Advisors LP acquired a new position in Dynagas LNG Partners during the third quarter valued at about $58,398,000. Pointe Capital Management LLC boosted its position in Dynagas LNG Partners by 0.3% in the third quarter. Pointe Capital Management LLC now owns 37,839 shares of the company’s stock valued at $586,000 after buying an additional 119 shares in the last quarter.
Parkwood LLC acquired a new position in Dynagas LNG Partners during the third quarter valued at about $1,591,000. Finally, Cohen & Steers Inc. boosted its position in Dynagas LNG Partners by 361.2% in the second quarter. Cohen & Steers Inc. now owns 688,177 shares of the company’s stock valued at $38,304,000 after buying an additional 538,977 shares in the last quarter. 46.18% of the stock is owned by institutional investors and hedge funds.