Investment analysts at Wells Fargo & Co. started coverage on shares of Dynagas LNG Partners LP (NYSE:DLNG) in a research note issued to investors on Monday. The firm set a “market perform” rating and a $9.50 price target on the stock. Wells Fargo & Co.’s price objective points to a potential downside of 37.58% from the stock’s previous close.

Several other research analysts have also commented on DLNG. Credit Suisse Group AG reiterated an “outperform” rating on shares of Dynagas LNG Partners in a report on Wednesday, June 1st. Zacks Investment Research lowered Dynagas LNG Partners from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Finally, Jefferies Group began coverage on Dynagas LNG Partners in a report on Tuesday, September 13th. They set a “buy” rating and a $18.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Dynagas LNG Partners has a consensus rating of “Buy” and a consensus price target of $15.75.

Analyst Recommendations for Dynagas LNG Partners (NYSE:DLNG)

Dynagas LNG Partners (NYSE:DLNG) opened at 15.22 on Monday. The company has a market capitalization of $540.69 million, a PE ratio of 9.23 and a beta of 1.15. Dynagas LNG Partners has a one year low of $6.70 and a one year high of $15.72. The firm’s 50-day moving average is $14.84 and its 200 day moving average is $13.47.

Dynagas LNG Partners (NYSE:DLNG) last announced its earnings results on Thursday, July 28th. The company reported $0.48 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $42.32 million. On average, equities analysts expect that Dynagas LNG Partners will post $1.84 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of DLNG. Royal Bank of Canada increased its position in Dynagas LNG Partners by 21.4% in the first quarter. Royal Bank of Canada now owns 11,362 shares of the company’s stock valued at $130,000 after buying an additional 2,005 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. purchased a new position in Dynagas LNG Partners during the first quarter valued at $182,000. Barclays PLC purchased a new position in Dynagas LNG Partners during the second quarter valued at $225,000. Stifel Financial Corp increased its position in Dynagas LNG Partners by 54.2% in the second quarter. Stifel Financial Corp now owns 33,730 shares of the company’s stock valued at $460,000 after buying an additional 11,859 shares in the last quarter. Finally, Pointe Capital Management LLC increased its position in Dynagas LNG Partners by 5.6% in the second quarter. Pointe Capital Management LLC now owns 37,720 shares of the company’s stock valued at $515,000 after buying an additional 1,987 shares in the last quarter. Hedge funds and other institutional investors own 29.15% of the company’s stock.

Dynagas LNG Partners Company Profile

Dynagas LNG Partners LP is organized for the purpose of owning, operating, and acquiring liquid natural gas (LNG) carriers. The Company is focused on owning and operating LNG carriers. The Company operates in the segment relating to its operations as it operates solely LNG vessels. The Company’s vessels are employed on multi-year time charters, which the Company defines as charters of over two years or more, with international energy companies.

5 Day Chart for NYSE:DLNG

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