Dynagas LNG Partners (NYSE:DLNG) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research downgraded shares of Dynagas LNG Partners (NYSE:DLNG) from a buy rating to a hold rating in a research note released on Tuesday, Zacks.com reports.

According to Zacks, “Dynagas LNG Partners LP is focused on owning and operating LNG carriers that are employed on multi-year contracts with international energy companies. Dynagas LNG Partners LP is based in Glyfada, Greece. “

Several other research firms have also recently commented on DLNG. B. Riley set a $2.30 price target on Dynagas LNG Partners and gave the company a hold rating in a report on Friday, September 27th. ValuEngine raised shares of Dynagas LNG Partners from a sell rating to a hold rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $3.01.

Shares of Dynagas LNG Partners stock traded up $0.05 during trading hours on Tuesday, reaching $2.14. 3,019 shares of the company’s stock were exchanged, compared to its average volume of 81,631. Dynagas LNG Partners has a 52-week low of $1.15 and a 52-week high of $6.71. The company has a fifty day moving average of $2.04 and a 200-day moving average of $1.67. The company has a current ratio of 6.06, a quick ratio of 6.06 and a debt-to-equity ratio of 3.71. The firm has a market capitalization of $77.10 million, a price-to-earnings ratio of 8.92 and a beta of 1.12.

Dynagas LNG Partners (NYSE:DLNG) last released its earnings results on Thursday, September 26th. The shipping company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.05). Dynagas LNG Partners had a net margin of 1.00% and a return on equity of 2.40%. The business had revenue of $30.82 million during the quarter, compared to analyst estimates of $31.57 million. On average, equities research analysts anticipate that Dynagas LNG Partners will post 0.1 earnings per share for the current fiscal year.

An institutional investor recently bought a new position in Dynagas LNG Partners stock. LPL Financial LLC acquired a new stake in shares of 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 acquired 20,481 shares of the shipping company’s stock, valued at approximately $30,000. LPL Financial LLC owned 0.06% of Dynagas LNG Partners as of its most recent SEC filing. Hedge funds and other institutional investors own 8.13% of the company’s stock.

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: When is a capital gain realized?

Get a free copy of the Zacks research report on Dynagas LNG Partners (DLNG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.