Dynagas LNG Partners (DLNG) Rating Lowered to Sell at ValuEngine

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ValuEngine lowered shares of Dynagas LNG Partners (NYSE:DLNG) from a hold rating to a sell rating in a report published on Friday morning.

DLNG has been the subject of a number of other research reports. B. Riley initiated coverage on shares of Dynagas LNG Partners in a research note on Friday, November 9th. They set a buy rating and a $10.50 price target for the company. Maxim Group restated a buy rating on shares of Dynagas LNG Partners in a research note on Friday. Zacks Investment Research upgraded shares of Dynagas LNG Partners from a sell rating to a hold rating in a research note on Thursday, August 2nd. Finally, Berenberg Bank initiated coverage on shares of Dynagas LNG Partners in a research note on Thursday, September 6th. They issued a hold rating and a $9.00 target price for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Dynagas LNG Partners has an average rating of Hold and an average target price of $10.47.

Shares of DLNG opened at $6.07 on Friday. The stock has a market cap of $237.66 million, a price-to-earnings ratio of 8.20, a price-to-earnings-growth ratio of 19.49 and a beta of 1.16. The company has a debt-to-equity ratio of 3.19, a current ratio of 2.81 and a quick ratio of 2.81. Dynagas LNG Partners has a 12 month low of $6.03 and a 12 month high of $13.97.

Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly earnings results on Thursday, November 15th. The shipping company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). The business had revenue of $31.32 million for the quarter, compared to the consensus estimate of $30.82 million. Dynagas LNG Partners had a return on equity of 8.93% and a net margin of 7.78%. As a group, sell-side analysts anticipate that Dynagas LNG Partners will post 0.34 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Friday, October 19th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 16.47%. The ex-dividend date was Thursday, October 18th. Dynagas LNG Partners’s dividend payout ratio (DPR) is currently 135.14%.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Dynagas LNG Partners (NYSE:DLNG)

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