Dynagas LNG Partners Receives Consensus Recommendation of “Buy” from Brokerages

Dynagas LNG Partners has received a consensus rating of “Buy” from the eight ratings firms that are currently covering the company, American Banking News.com reports. Seven equities research analysts have rated the stock with a buy rating, The average 1-year target price among brokers that have issued ratings on the stock in the last year is $26.25.

A number of research firms have recently commented on DLNG. Analysts at Deutsche Bank initiated coverage on shares of Dynagas LNG Partners in a research note. They set a “buy” rating and a $29.00 price target on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of Dynagas LNG Partners to $26.00 in a research note. Finally, analysts at Zacks upgraded shares of Dynagas LNG Partners from a “neutral” rating to an “outperform” rating in a research note. They now have a $26.00 price target on the stock.

Dynagas LNG Partners has a 1-year low of $16.75 and a 1-year high of $25.50. The stock’s 50-day moving average is $23.61 and its 200-day moving average is $23.10. The company has a market cap of $838.4 million and a price-to-earnings ratio of 14.41.

Dynagas LNG Partners last released its earnings data on Wednesday, August 6th. The company reported $0.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.02. On average, analysts predict that Dynagas LNG Partners will post $1.54 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: American Banking News