Dynagas LNG Partners (NYSE:DLNG) target bumped up to $20.00, released a ratings update earlier today by Maxim Group
- Updated: October 19, 2016
Maxim Group bumped up the target of Dynagas LNG Partners (NYSE:DLNG) to $20.00 indicating a possible upside of 0.30%.
Yesterday Dynagas LNG Partners (NYSE:DLNG) traded 1.46% higher at $15.33. The company’s 50-day moving average is $15.35 and its 200-day moving average is $14.28. The last stock close price is up 7.38% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 316,271 shares of the stock were exchanged, up from an average trading volume of 115,102
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Dynagas LNG Partners has a PE ratio of 9.30 with a one year low of $6.70 and a one year high of $16.25 Dynagas LNG Partners’s market capitalization is presently $0.
A total of 5 brokerages have issued a ratings update on Dynagas LNG Partners. Three brokerages rating the company a strong buy, two brokerages rating the company a buy, two brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $13.00.
General Company Details For Dynagas LNG Partners (NYSE:DLNG)
Dynagas LNG Partners LP is organized for the purpose of owning, operating, and acquiring liquid natural gas (LNG) carriers. The Company is focused on owning and operating LNG carriers. The Company operates in the segment relating to its operations 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 Company owns and operates a fleet of over 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, which the Company refers to collectively as the Company's Fleet. Its vessels have an average age of over 5.7 years and are contracted under multi-year charters with an average remaining charter term of over 10.4 years.
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