Dynagas LNG Partners LP (NYSE:DLNG) is expected to pay $0.42 on Oct 18, 2016. The indicated annual dividend is $1.69. Shareholders owning the stock before Oct 6, 2016 will be eligible to receive the payout. Based on Dynagas LNG Partners LP’s current price of $15.93, the dividend is 2.66%. This dividend’s record date is Oct 11, 2016 and the announcement date is Oct 4, 2016. The stock increased 1.98% or $0.31 on October 4, hitting $15.93. Dynagas LNG Partners LP (NYSE:DLNG) has risen 65.94% since March 2, 2016 and is uptrending. It has outperformed by 57.68% the S&P500.
Dynagas LNG Partners LP is organized for the purpose of owning, operating, and acquiring liquid natural gas carriers. The company has a market cap of $571.04 million. The Firm is focused on owning and operating LNG carriers. It has a 8.71 P/E ratio. The Firm operates in the segment relating to its activities as it operates solely LNG vessels.
Dynagas LNG Partners LP (NYSE:DLNG) Ratings Coverage
Out of 6 analysts covering Dynagas LNG Partners (NYSE:DLNG), 3 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 50% are positive. $22 is the highest target while $8 is the lowest. The $12.50 average target is -21.53% below today’s ($15.93) stock price. Dynagas LNG Partners has been the topic of 8 analyst reports since August 27, 2015 according to StockzIntelligence Inc. On Thursday, August 27 the stock rating was maintained by Stifel Nicolaus with “Buy”. The company was initiated on Tuesday, September 13 by Jefferies. On Monday, May 9 the stock rating was maintained by Credit Suisse with “Outperform”. The firm earned “Buy” rating on Monday, December 21 by Stifel Nicolaus. On Monday, January 11 the stock rating was downgraded by Barclays Capital to “Underweight”. Deutsche Bank downgraded it to “Hold” rating and $9 target price in Monday, February 22 report. Wells Fargo initiated the shares of DLNG in a report on Monday, September 19 with “Market Perform” rating.
More notable recent Dynagas LNG Partners LP (NYSE:DLNG) news were published by: Gurufocus.com which released: “Dynagas LNG Partners LP Announces Cash Distribution for the Quarter Ended …” on October 04, 2016, also Hellenicshippingnews.com with their article: “Dynagas LNG Partners LP (NYSE:DLNG) Given Average Rating of â€œBuyâ€ by Analysts” published on September 09, 2016, Marketwired.com published: “Dynagas LNG Partners LP Announces Cash Distribution for the Quarter Ended June …” on July 06, 2016. More interesting news about Dynagas LNG Partners LP (NYSE:DLNG) were released by: Seekingalpha.com and their article: “Dynagas LNG Partners LP’s (DLNG) CEO Tony Lauritzen on Q2 2016 Results …” published on July 30, 2016 as well as Hellenicshippingnews.com‘s news article titled: “Dynagas LNG Partners LP (DLNG) Downgraded by Barclays” with publication date: January 15, 2016.
DLNG Company Profile
Dynagas LNG Partners LP, incorporated on May 30, 2013, is organized for the purpose of owning, operating, and acquiring liquid natural gas (LNG) carriers. The Firm is focused on owning and operating LNG carriers. The Firm operates in the segment relating to its activities as it operates solely LNG vessels. The Company’s vessels are employed on multi-year time charters, which the Company defines as charters of over two years or more, with international energy companies. The Firm owns and operates a fleet of over six LNG carriers, consisting of the three LNG carriers in the Company’s 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, which the Company refers to collectively as the Company’s Fleet.
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