Berenberg Bank assumed coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a research report report published on Thursday, MarketBeat reports. The firm issued a hold rating and a $9.00 price target on the shipping company’s stock.

A number of other equities research analysts have also recently issued reports on DLNG. Zacks Investment Research upgraded Dynagas LNG Partners from a sell rating to a hold rating in a research note on Thursday, August 2nd. ValuEngine upgraded shares of Dynagas LNG Partners from a strong sell rating to a sell rating in a research note on Friday, August 3rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $10.75.

DLNG stock opened at $8.93 on Thursday. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 3.19. The firm has a market capitalization of $317.24 million, a price-to-earnings ratio of 16.24, a P/E/G ratio of 23.19 and a beta of 1.23. Dynagas LNG Partners has a 1 year low of $7.51 and a 1 year high of $14.27.

Dynagas LNG Partners (NYSE:DLNG) last posted its earnings results on Friday, July 27th. The shipping company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.06. The company had revenue of $30.89 million for the quarter, compared to analysts’ expectations of $31.11 million. Dynagas LNG Partners had a return on equity of 10.30% and a net margin of 11.15%. analysts predict that Dynagas LNG Partners will post 0.39 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of DLNG. Guggenheim Capital LLC raised its position in Dynagas LNG Partners by 26.1% in the first quarter. Guggenheim Capital LLC now owns 221,372 shares of the shipping company’s stock worth $2,214,000 after acquiring an additional 45,866 shares in the last quarter. Millennium Management LLC bought a new stake in Dynagas LNG Partners in the fourth quarter worth about $199,000. Finally, Deutsche Bank AG bought a new stake in Dynagas LNG Partners in the fourth quarter worth about $893,000. Institutional investors and hedge funds own 11.26% of the company’s stock.

Dynagas LNG Partners Company Profile

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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Analyst Recommendations for Dynagas LNG Partners (NYSE:DLNG)

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