Dynagas LNG Partners (NYSE:DLNG) Shares Up 12.4%

Dynagas LNG Partners LP (NYSE:DLNG) shares shot up 12.4% on Wednesday . The stock traded as high as $1.46 and last traded at $1.45, 216,310 shares changed hands during mid-day trading. An increase of 38% from the average session volume of 156,902 shares. The stock had previously closed at $1.29.

Several brokerages recently weighed in on DLNG. Zacks Investment Research cut shares of Dynagas LNG Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. B. Riley set a $2.00 price target on shares of Dynagas LNG Partners and gave the stock a “hold” rating in a research report on Thursday, June 6th. TheStreet cut shares of Dynagas LNG Partners from a “c-” rating to a “d” rating in a research report on Tuesday, June 11th. Finally, ValuEngine upgraded shares of Dynagas LNG Partners from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $4.00.

The firm has a market cap of $49.03 million, a P/E ratio of 5.85 and a beta of 1.01. The stock’s 50-day simple moving average is $1.27 and its two-hundred day simple moving average is $1.79.



A hedge fund recently bought a new stake in Dynagas LNG Partners stock. LPL Financial LLC acquired a new stake in shares of Dynagas LNG Partners LP (NYSE:DLNG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 20,481 shares of the shipping company’s stock, valued at approximately $30,000. LPL Financial LLC owned about 0.06% of Dynagas LNG Partners as of its most recent SEC filing. 8.22% of the stock is owned by institutional investors and hedge funds.

About Dynagas LNG Partners (NYSE:DLNG)

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry worldwide. The company owns and operates liquefied natural gas (LNG) carriers. As of March 9, 2018, its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.

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