Market Overview

UPDATE: Clarkson Capital Markets Initiates Coverage On Dynagas LNG Partners LP On Attractive Investment Opportunity

Share:
Related DLNG
Dynagas LNG Partners L.P. Announces LNG Carrier Acquisition From Dynagas Holding Ltd.; Will Recommend Distribution Increase From $0.4225
5 NYSE Services Stocks With The Highest Profit Margin
High-Dividend Stock Yields 16%, Has Strong Dividend Coverage, Priced Below Book Value (Seeking Alpha)

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

DateFirmActionFromTo
Jan 2016BarclaysDowngradesOverweightUnderweight
Aug 2015Stifel NicolausMaintainsBuy
Dec 2014Canaccord GenuityInitiates Coverage onHold

View More Analyst Ratings for DLNG
View the Latest Analyst Ratings

Posted-In: Clarkson Capital Markets Matthew J. PhillipsAnalyst Color Initiation Analyst Ratings

 

Related Articles (DLNG)

View Comments and Join the Discussion!

Get Benzinga's Newsletters