Dynagas LNG Partners (NYSE:DLNG) Earns “Buy” Rating from Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of Dynagas LNG Partners (NYSE:DLNG) in a report issued on Friday, Benzinga reports. They currently have a $4.00 price objective on the shipping company’s stock.

Separately, StockNews.com initiated coverage on shares of Dynagas LNG Partners in a research note on Friday. They issued a strong-buy rating for the company.

Dynagas LNG Partners Stock Performance

Dynagas LNG Partners stock opened at $2.70 on Friday. The company has a quick ratio of 3.74, a current ratio of 3.74 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $99.47 million, a PE ratio of 3.18 and a beta of 1.51. The firm has a fifty day simple moving average of $2.80 and a two-hundred day simple moving average of $2.72. Dynagas LNG Partners has a twelve month low of $2.08 and a twelve month high of $3.50.

Dynagas LNG Partners (NYSE:DLNG) last posted its quarterly earnings results on Friday, September 15th. The shipping company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.10). The business had revenue of $37.65 million during the quarter, compared to the consensus estimate of $33.68 million. Dynagas LNG Partners had a return on equity of 8.05% and a net margin of 30.77%. During the same period in the prior year, the firm earned $0.17 earnings per share. Research analysts expect that Dynagas LNG Partners will post 0.71 EPS for the current year.

Institutional Investors Weigh In On Dynagas LNG Partners

Institutional investors have recently made changes to their positions in the company. UBS Group AG boosted its holdings in Dynagas LNG Partners by 110.1% in the second quarter. UBS Group AG now owns 91,594 shares of the shipping company’s stock worth $303,000 after purchasing an additional 48,000 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Dynagas LNG Partners by 117.3% in the second quarter. BNP Paribas Arbitrage SA now owns 86,176 shares of the shipping company’s stock worth $285,000 after acquiring an additional 46,511 shares during the period. BNP Paribas Arbitrage SNC raised its position in Dynagas LNG Partners by 104.7% in the second quarter. BNP Paribas Arbitrage SNC now owns 25,214 shares of the shipping company’s stock worth $63,000 after acquiring an additional 12,894 shares during the period. Jane Street Group LLC bought a new position in Dynagas LNG Partners in the fourth quarter worth approximately $64,000. Finally, Cubist Systematic Strategies LLC bought a new position in Dynagas LNG Partners in the second quarter worth approximately $35,000. Hedge funds and other institutional investors own 7.57% 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. Its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,100 cubic meters. Dynagas GP LLC serves as the general partner of Dynagas LNG Partners LP.