Stifel Nicolaus Reiterates Buy Rating for Dynagas LNG Partners (NYSE:DLNG)

Dynagas LNG Partners (NYSE:DLNG)‘s stock had its “buy” rating reaffirmed by stock analysts at Stifel Nicolaus in a note issued to investors on Friday, Benzinga reports. They presently have a $4.00 price objective on the shipping company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 47.06% from the stock’s current price.

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

Dynagas LNG Partners Stock Down 2.5 %

Shares of NYSE DLNG traded down $0.07 during trading hours on Friday, hitting $2.72. The stock had a trading volume of 9,192 shares, compared to its average volume of 40,861. The firm’s 50-day moving average price is $2.80 and its two-hundred day moving average price is $2.73. Dynagas LNG Partners has a 52 week low of $2.08 and a 52 week high of $3.50. The company has a debt-to-equity ratio of 1.49, a quick ratio of 3.74 and a current ratio of 3.74. The company has a market capitalization of $100.20 million, a P/E ratio of 3.62 and a beta of 1.51.

Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly earnings results on Thursday, September 14th. The shipping company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.10). Dynagas LNG Partners had a net margin of 29.28% and a return on equity of 9.23%. The firm had revenue of $37.65 million during the quarter, compared to analyst estimates of $33.68 million. During the same period last year, the firm earned $0.17 EPS. Analysts anticipate that Dynagas LNG Partners will post 0.71 EPS for the current fiscal year.

Institutional Trading of Dynagas LNG Partners

Several hedge funds have recently made changes to their positions in DLNG. UBS Group AG lifted its holdings in shares of Dynagas LNG Partners by 110.1% during 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 period. BNP Paribas Arbitrage SA grew its holdings in Dynagas LNG Partners by 117.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 86,176 shares of the shipping company’s stock valued at $285,000 after buying an additional 46,511 shares during the period. Jane Street Group LLC purchased a new stake in Dynagas LNG Partners in the 4th quarter valued at about $64,000. BNP Paribas Arbitrage SNC grew its holdings in shares of Dynagas LNG Partners by 104.7% during the 2nd quarter. BNP Paribas Arbitrage SNC now owns 25,214 shares of the shipping company’s stock worth $63,000 after purchasing an additional 12,894 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Dynagas LNG Partners during the 2nd quarter worth about $35,000. Institutional investors and hedge funds 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.