Dynagas LNG Partners (DLNG) Reaches New 52-Week Low at $5.05

Dynagas LNG Partners LP (NYSE:DLNG) hit a new 52-week low during trading on Thursday . The stock traded as low as $5.05 and last traded at $5.19, with a volume of 519852 shares traded. The stock had previously closed at $5.33.

Several brokerages recently commented on DLNG. Jefferies Financial Group reiterated a “buy” rating on shares of Dynagas LNG Partners in a research note on Tuesday. Wells Fargo & Co reiterated an “underperform” rating and set a $5.25 price target (down from $6.00) on shares of Dynagas LNG Partners in a research note on Tuesday. Stifel Nicolaus reiterated a “hold” rating and set a $9.00 price target on shares of Dynagas LNG Partners in a research note on Sunday, November 18th. ValuEngine lowered shares of Dynagas LNG Partners from a “hold” rating to a “sell” rating in a research note on Friday, November 16th. Finally, Maxim Group reiterated a “buy” rating on shares of Dynagas LNG Partners in a research note on Friday, November 16th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $10.38.

The company has a current ratio of 2.73, a quick ratio of 2.81 and a debt-to-equity ratio of 3.35. The company has a market capitalization of $184.38 million, a P/E ratio of 6.76, a price-to-earnings-growth ratio of 16.22 and a beta of 1.16.

Dynagas LNG Partners (NYSE:DLNG) last issued its quarterly earnings data on Thursday, November 15th. The shipping company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.05). Dynagas LNG Partners had a return on equity of 9.15% and a net margin of 7.78%. The business had revenue of $31.32 million for the quarter, compared to analysts’ expectations of $30.82 million. As a group, research analysts expect that Dynagas LNG Partners LP will post 0.32 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Shareholders of record on Friday, October 19th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 20.00%. The ex-dividend date was Thursday, October 18th. Dynagas LNG Partners’s payout ratio is currently 135.14%.

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About Dynagas LNG Partners (NYSE:DLNG)

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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