Morgan Stanley Cuts Dynagas LNG Partners (DLNG) Price Target to $11.50

Dynagas LNG Partners (NYSE:DLNG) had its price target decreased by Morgan Stanley from $13.00 to $11.50 in a research report report published on Monday. Morgan Stanley currently has an equal weight rating on the shipping company’s stock.

Several other equities research analysts have also recently issued reports on the stock. Jefferies Group reiterated a buy rating on shares of Dynagas LNG Partners in a research report on Tuesday, October 31st. Zacks Investment Research upgraded shares of Dynagas LNG Partners from a sell rating to a hold rating in a research report on Monday, November 13th. Stifel Nicolaus reiterated a buy rating and set a $17.00 price objective on shares of Dynagas LNG Partners in a research report on Wednesday, December 6th. ValuEngine upgraded shares of Dynagas LNG Partners from a hold rating to a buy rating in a research report on Friday, December 1st. Finally, Maxim Group reiterated a buy rating and set a $15.00 price objective (down previously from $18.00) on shares of Dynagas LNG Partners in a research report on Thursday, December 14th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $14.70.

Shares of Dynagas LNG Partners (DLNG) opened at $11.00 on Monday. The company has a market cap of $389.00, a P/E ratio of 10.63 and a beta of 1.14. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 2.78. Dynagas LNG Partners has a one year low of $10.49 and a one year high of $17.93.

Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings data on Tuesday, December 5th. The shipping company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02). The company had revenue of $33.47 million for the quarter, compared to the consensus estimate of $35.29 million. Dynagas LNG Partners had a net margin of 18.63% and a return on equity of 15.57%. equities analysts forecast that Dynagas LNG Partners will post 0.77 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 18th. Investors of record on Thursday, January 11th were given a $0.4225 dividend. This represents a $1.69 annualized dividend and a yield of 15.36%. The ex-dividend date was Wednesday, January 10th. Dynagas LNG Partners’s dividend payout ratio is presently 291.38%.

A number of institutional investors and hedge funds have recently made changes to their positions in DLNG. Deutsche Bank AG bought a new stake in Dynagas LNG Partners in the fourth quarter worth $893,000. Renaissance Technologies LLC bought a new stake in Dynagas LNG Partners in the fourth quarter worth $891,000. Virtu Financial LLC bought a new stake in Dynagas LNG Partners in the fourth quarter worth $416,000. SeaCrest Wealth Management LLC bought a new stake in Dynagas LNG Partners in the fourth quarter worth $380,000. Finally, Millennium Management LLC bought a new stake in Dynagas LNG Partners in the fourth quarter worth $199,000. Institutional investors own 17.40% of the company’s stock.

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About Dynagas LNG Partners

Dynagas LNG Partners LP is a limited partnership, which focuses on owning and operating liquid natural gas (LNG) carriers. The Company’s vessels are employed on multi-year time charters with international energy companies. As of December 31, 2016, the Company owned and operated a fleet of six LNG carriers, consisting of the three LNG carriers in its Initial Fleet, the Clean Energy, the Ob River and the Amur River, and three 2013-built Ice Class LNG carriers that the Company acquired from its Sponsor the Arctic Aurora, the Yenisei River, and the Lena River (collectively referred as its Fleet).

Analyst Recommendations for Dynagas LNG Partners (NYSE:DLNG)

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