The stock of Dynagas LNG Partners LP (NYSE:DLNG) is a huge mover today! About 330,715 shares traded hands or 113.20% up from the average. Dynagas LNG Partners LP (NYSE:DLNG) has risen 23.06% since April 4, 2016 and is uptrending. It has outperformed by 21.97% the S&P500.
The move comes after 5 months negative chart setup for the $445.63 million company. It was reported on Nov, 4 by Barchart.com. We have $11.60 PT which if reached, will make NYSE:DLNG worth $44.56 million less.
Analysts await Dynagas LNG Partners LP (NYSE:DLNG) to report earnings on November, 14. They expect $0.44 earnings per share, up 7.32% or $0.03 from last year’s $0.41 per share. DLNG’s profit will be $15.21 million for 7.32 P/E if the $0.44 EPS becomes a reality. After $0.48 actual earnings per share reported by Dynagas LNG Partners LP for the previous quarter, Wall Street now forecasts -8.33% negative EPS growth.
Dynagas LNG Partners LP (NYSE:DLNG) Ratings Coverage
Out of 7 analysts covering Dynagas LNG Partners (NYSE:DLNG), 4 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 57% are positive. Dynagas LNG Partners has been the topic of 9 analyst reports since August 27, 2015 according to StockzIntelligence Inc. As per Thursday, August 27, the company rating was maintained by Stifel Nicolaus. The stock of Dynagas LNG Partners LP (NYSE:DLNG) earned “Buy” rating by Maxim Group on Wednesday, October 19. Barclays Capital downgraded Dynagas LNG Partners LP (NYSE:DLNG) rating on Monday, January 11. Barclays Capital has “Underweight” rating and $8 price target. The company was initiated on Tuesday, September 13 by Jefferies. On Monday, September 19 the stock rating was initiated by Wells Fargo with “Market Perform”. The stock has “Buy” rating given by Stifel Nicolaus on Monday, December 21. The stock of Dynagas LNG Partners LP (NYSE:DLNG) has “Outperform” rating given on Monday, May 9 by Credit Suisse. The stock has “Hold” rating given by Deutsche Bank on Monday, February 22.
According to Zacks Investment Research, “Dynagas LNG Partners LP is focused on owning and operating LNG carriers that are employed on multi-year contracts with international energy companies. Dynagas LNG Partners LP is based in Glyfada, Greece.”
More notable recent Dynagas LNG Partners LP (NYSE:DLNG) news were published by: Nasdaq.com which released: “Cash Dividend On The Way From Dynagas LNG Partners LP’s 9.00% Series A …” on October 31, 2016, also Nasdaq.com with their article: “Dynagas LNG Partners LP (DLNG) Ex-Dividend Date Scheduled for October 06, 2016” published on October 05, 2016, Marketwired.com published: “Dynagas LNG Partners LP enters into new charter arrangements with Gazprom …” on October 31, 2016. More interesting news about Dynagas LNG Partners LP (NYSE:DLNG) were released by: Marketwired.com and their article: “Dynagas LNG Partners LP Announces the Date of Its 2016 Annual General Meeting …” published on October 07, 2016 as well as Seekingalpha.com‘s news article titled: “Dynagas LNG Partners LP’s (DLNG) CEO Tony Lauritzen on Q2 2016 Results …” with publication date: July 30, 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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