Barclays Lowers Dynagas LNG Partners Price Target to $24.00

Dynagas LNG Partners LP logoEquities researchers at Barclays cut their price target on shares of Dynagas LNG Partners from $25.00 to $24.00 in a research report. The firm currently has an “overweight” rating on the stock. Barclays’ price objective indicates a potential upside of 20.06\% from the company’s current price.

A number of other firms have also recently commented on DLNG. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Dynagas LNG Partners in a research note on Wednesday, September 24th. They now have a $32.00 price target on the stock, up previously from $29.00. Seven investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average target price of $26.50.

Shares of Dynagas LNG Partners (NASDAQ:DLNG) traded up 0.65\% on Tuesday, hitting $20.12. 28,058 shares of the company’s stock traded hands. Dynagas LNG Partners has a 52 week low of $17.34 and a 52 week high of $25.50. The stock has a 50-day moving average of $21.09 and a 200-day moving average of $23.00. The company has a market cap of $714.8 million and a P/E ratio of 13.19.

Dynagas LNG Partners (NASDAQ:DLNG) last announced its earnings results on Monday, November 10th. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.38 by $0.02. On average, analysts predict that Dynagas LNG Partners will post $1.53 earnings per share for the current fiscal year.

Dynagas LNG Partners LP is a growth-oriented limited partnership focused on owning and operating LNG carriers.
Source: Analyst Ratings Network