Dynagas LNG Partners LP (NYSE:DLNG) Receives Average Rating of “Hold” from Brokerages

Shares of Dynagas LNG Partners LP (NYSE:DLNG) have been assigned a consensus rating of “Hold” from the nine analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $4.45.

A number of equities research analysts have weighed in on the company. ValuEngine raised Dynagas LNG Partners from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. TheStreet lowered Dynagas LNG Partners from a “c-” rating to a “d” rating in a research report on Tuesday, June 11th. B. Riley set a $2.00 target price on Dynagas LNG Partners and gave the company a “hold” rating in a research report on Thursday, June 6th. Finally, Zacks Investment Research lowered Dynagas LNG Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th.

NYSE DLNG traded up $0.14 on Friday, reaching $1.47. 5,040 shares of the stock traded hands, compared to its average volume of 44,982. The company has a fifty day moving average price of $1.27 and a 200-day moving average price of $1.79. The company has a market cap of $49.03 million, a price-to-earnings ratio of 6.04 and a beta of 1.01. Dynagas LNG Partners has a 12 month low of $1.15 and a 12 month high of $9.05.

A hedge fund recently bought a new stake in Dynagas LNG Partners stock. LPL Financial LLC purchased a new position in Dynagas LNG Partners LP (NYSE:DLNG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 20,481 shares of the shipping company’s stock, valued at approximately $30,000. LPL Financial LLC owned approximately 0.06% of Dynagas LNG Partners at the end of the most recent quarter. 8.22% of the stock is currently owned by institutional investors.

About Dynagas LNG Partners

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.

Featured Article: Limitations of analyzing profit margin

Analyst Recommendations for Dynagas LNG Partners (NYSE:DLNG)

Receive News & Ratings for Dynagas LNG Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynagas LNG Partners and related companies with MarketBeat.com's FREE daily email newsletter.