Zacks Investment Research downgraded Dynagas LNG Partners LP (NYSE:DLNG) to Hold in a report released today.
- Updated: October 3, 2016
Zacks Investment Research has downgraded Dynagas LNG Partners LP (NYSE:DLNG) to Hold in a report released on 10/3/2016.
Yesterday Dynagas LNG Partners LP (NYSE:DLNG) traded 0.90% higher at $15.62. The company’s 50-day moving average is $15.14 and its 200-day moving average is $13.85. The last stock close price is up 12.81% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 71,831 shares of the stock were exchanged, down from an average trading volume of 108,714
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Dynagas LNG Partners LP has a 52 week low of $6.70 and a 52 week high of $16.20 with a P/E ratio of 9.47 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 5 firms have reported on the stock. The consensus target price is $13.00 with 3 firms rating the stock a strong buy, 2 firms rating the stock a buy, 2 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Dynagas LNG Partners LP (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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