Morgan Stanley Maintains Dynagas LNG Partners LP to Equal-weight with Price Target $13.00

Brokerage firm Morgan Stanley Maintains its rating on Dynagas LNG Partners LP(NYSE:DLNG). In a research note issued to the investors, the brokerage major Raises the price-target to $13.00 per share. The shares have been rated Equal-weight. The rating by Morgan Stanley was issued on Aug 1, 2016.

In a different note, On May 9, 2016, Credit Suisse said it Maintains its rating on Dynagas LNG Partners LP. In the research note, the firm Raises the price-target to $12.00 per share. The shares have been rated ‘Outperform’ by the firm.

Dynagas LNG Partners LP (DLNG) made into the market gainers list on Mondays trading session with the shares advancing 5.29% or 0.75 points. Due to strong positive momentum, the stock ended at $14.92, which is also near the day’s high of $15. The stock began the session at $14.35 and the volume stood at 3,04,829 shares. The 52-week high of the shares is $15.7199 and the 52 week low is $6.7. The company has a current market capitalization of $530 M and it has 3,54,90,000 shares in outstanding.

Dynagas LNG Partners LP(DLNG) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $42.64M. Analysts had an estimated revenue of $42.32M. Earnings per share were $0.48. Analysts had estimated an EPS of $0.43.

Dynagas LNG Partners LP is a growth-oriented limited partnership. The Company is focused on owning and operating liquefied natural gas (LNG) carriers. The Company owns and operates a fleet of approximately five LNG carriers consisting of the three LNG carriers in its Initial Fleet the Clean Energy the Ob River and the Clean Force and two 2013-built Ice Class LNG carriers the Arctic Aurora and the Yenisei River. The vessels in the Company’s fleet have carrying capacity of between approximately 150000 and 155000 cubic meters (cbm). It consists of two series of sister vessels. The Company has approximately 39 LNG carriers in operation including the vessels with a carrying capacity of between 149000 and 155000 cbm and a membrane containment system. The Company’s Optional Vessels consist of five winterized newbuilding LNG carriers two of which have been contracted to operate under multi-year charters with Gazprom and Cheniere.

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