Stifel Nicolaus Thinks Dynagas LNG Partners LP ‘s Stock is Going to Recover

By Ryan Adsit

Stifel Nicolaus analyst Benjamin Nolan reiterated a Buy rating on Dynagas LNG Partners LP (NASDAQ: DLNG) yesterday and set a price target of $17. The company’s shares closed yesterday at $12.81, close to its 52-week low of $12.21.

According to TipRanks.com, Nolan is ranked 0 out of 5 stars with an average return of -5.8% and a 40.7% success rate. Nolan covers the Services sector, focusing on stocks such as Navios Maritime Acquisition, Navios Maritime Partners Lp, and Navios Maritime Holdings.

Dynagas LNG Partners LP has an analyst consensus of Moderate Buy, with a price target consensus of $18.

Based on Dynagas LNG Partners LP ‘s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $33.78 million and GAAP net loss of $5.19 million. In comparison, last year the company earned revenue of $43.09 million and had a net profit of $17.25 million.

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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.