UPDATE: Deutsche Bank Reiterates On Dynagas LNG Partners LP Following Q1 EPS Report

In a report published Tuesday, Deutsche Bank analyst Greg Poole reiterated a Hold rating on Dynagas LNG Partners LP DLNG, and raised the price target from $20.00 to $22.00. In the report, Deutsche Bank noted, “Thursday morning, DLNG reported Q1 EPS of $0.37, a penny above DBe and Thomson One Consensus. While results were generally in line with our estimates, upside was driven by lower-than-expected costs related to the amortization of deferred financing fees. In late April, DLNG announced the acquisition of a 2013-built ice class LNG carrier named the Arctic Aurora for $235 million. The acquisition is subject to DLNG obtaining funds through the net proceeds of a public equity offering and borrowings under a new credit facility and as a result, has not yet closed.” Dynagas LNG Partners LP closed on Monday at $22.91.