Dynagas LNG Partners LP (DLNG) To Go Ex-Dividend on October 6th
Dynagas LNG Partners LP (NYSE:DLNG) announced a dividend on Tuesday, October 4th. Shareholders of record on Tuesday, October 11th will be paid a dividend of 0.4225 per share on Tuesday, October 18th. The ex-dividend date is Thursday, October 6th.
Shares of Dynagas LNG Partners (NYSE:DLNG) opened at 15.93 on Wednesday. The stock has a market cap of $565.91 million, a price-to-earnings ratio of 9.66 and a beta of 1.14. The firm has a 50-day moving average price of $15.16 and a 200-day moving average price of $13.89. Dynagas LNG Partners has a 12 month low of $6.70 and a 12 month high of $16.20.
Dynagas LNG Partners (NYSE:DLNG) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.48 earnings per share for the quarter, topping the Zacks’ 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 business earned $43.60 million during the quarter, compared to analysts’ expectations of $42.32 million. Equities analysts expect that Dynagas LNG Partners will post $1.84 EPS for the current fiscal year.
A number of brokerages have recently weighed in on DLNG. Zacks Investment Research cut shares of Dynagas LNG Partners from a “buy” rating to a “hold” rating in a research note on Monday. Clarkson Capital reissued a “buy” rating on shares of Dynagas LNG Partners in a research note on Friday, September 23rd. Wells Fargo & Co. began coverage on shares of Dynagas LNG Partners in a research note on Monday, September 19th. They set a “market perform” rating and a $9.50 price objective for the company. Finally, Jefferies Group assumed coverage on shares of Dynagas LNG Partners in a research note on Tuesday, September 13th. They set a “buy” rating and a $18.00 price objective for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $15.75.
An institutional investor recently bought a new position in Dynagas LNG Partners stock. Guggenheim Capital LLC purchased a new position in shares of Dynagas LNG Partners LP (NYSE:DLNG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 63,533 shares of the company’s stock, valued at approximately $867,000. Guggenheim Capital LLC owned about 0.18% of Dynagas LNG Partners at the end of the most recent 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.
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