Maxim Group Maintains Their Buy Rating on Dynagas LNG Partners LP


Maxim Group analyst James Jang maintained a Buy rating on Dynagas LNG Partners LP (NASDAQ: DLNG) today and set a price target of $12. The company’s shares opened today at $8.18, close to its 52-week low of $7.51.

Jang observed:

“After the Market close, DLNG reported 1Q18 revenues of $33.9 million, EBITDA of $26.6 million, and earnings per common unit of $0.16, which were generally in-line with our, and consensus expectations.”

According to TipRanks.com, Jang is a 5-star analyst with an average return of 26.0% and a 47.4% success rate. Jang covers the Services sector, focusing on stocks such as Nordic American Tanker, Eagle Bulk Shipping, and Navigator Holdings.

Dynagas LNG Partners LP has an analyst consensus of Hold, with a price target consensus of $9.33.

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The company has a one-year high of $16.47 and a one-year low of $7.51. Currently, Dynagas LNG Partners LP has an average volume of 166.9K.

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Dynagas LNG Partners LP engages in the provision of seaborne transportation services. It owns and operates liquefied natural gas carriers which are employed to energy companies under multi-year charters. The company was founded on May 29, 2013 and is headquartered in Monaco.

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