Dynagas LNG Partners LP Received its Third Buy in a Row

By Carrie Williams

After Jefferies and Stifel Nicolaus assigned a Buy rating to Dynagas LNG Partners LP in the last month, the company received another Buy, this time from Maxim Group. Analyst James Jang reiterated a Buy rating on Dynagas LNG Partners LP (NASDAQ: DLNG) today and set a price target of $18. The company’s shares closed yesterday at $14.31.

Jang wrote:

“Dynagas LNG Partners is scheduled to report 2Q17 earnings before the market open on Tuesday, September 5, 2017.”

According to TipRanks.com, Jang is a 3-star analyst with an average return of 5.0% and a 52.9% success rate. Jang covers the Services sector, focusing on stocks such as Nordic American Tanker, Eagle Bulk Shipping, and Navigator Holdings.

Currently, the analyst consensus on Dynagas LNG Partners LP is Strong Buy and the average price target is $18.67, representing a 30.5% upside.

In a report issued on August 21, Jefferies also reiterated a Buy rating on the stock with a $19 price target.

The company has a one year high of $17.93 and a one year low of $12.76. Currently, Dynagas LNG Partners LP has an average volume of 125.5K.

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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 by George Prokopiou on May 29, 2013 and is headquartered in Monaco.