UPDATE: Clarkson Capital Markets Initiates Coverage On Dynagas LNG Partners LP On Attractive Investment Opportunity
In a report published Tuesday, Clarkson Capital Markets analyst Matthew J. Phillips initiated coverage on Dynagas LNG Partners LP (NASDAQ: DLNG) with an Outperform rating and $26.00 price target.
In the report, Clarkson Capital Markets noted, “We are initiating coverage of Dynagas LNG Partners (DLNG) with an Outperform rating and a $26 price target. In our opinion, Dynagas provides an attractive combination of growth and valuation. It offers built-in growth through GP drop-downs, strong industry fundamentals that offer prospects of future growth, a modern fleet, and long-term contracts with solid counterparties in an industry with high barriers to entry.”
Dynagas LNG Partners LP closed on Monday at $22.91.
Latest Ratings for DLNG
|Dec 2014||Canaccord Genuity||Initiates Coverage on||Hold|
|Dec 2014||ABN Amro Bank||Initiates Coverage on||Buy|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.