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How Dynagas LNG Partners’ Potential Upside Compares

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Mar. 27 2018, Updated 7:31 a.m. ET

Results in 4Q17

In February 2018, Dynagas LNG Partners (DLNG) reported its fourth-quarter results. Dynagas LNG Partners reported net income of $5.6 million and EPS (earnings per share) of $0.11 in 4Q17. In December 2017, the partnership entered a three-year charter agreement with Statoil ASA for employment of its 2013 built LNG (liquefied natural gas) carrier, the Arctic Aurora. The contract will commence in 3Q18.

Dynagas LNG Partners has declared a quarterly cash distribution of $0.42 per common unit and $0.56 per preferred unit. The company has a contracted revenue backlog of $1.5 billion with a contract duration of 10.4 years.

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Consensus recommendations

Of the eight analysts covering Dynagas LNG Partners, 37% are bullish on the stock, with two analysts recommending “strong buy” and one recommending “buy.” The remaining five analysts have recommended “hold.” There were no “strong sell” or “sell” ratings.

Target price

Analysts’ consensus 12-month target price for Dynagas LNG Partners is $14.06, which implies an upside of 40.2% based on its March 21 market price of $10.03—the highest potential among peers.

Peers

Other LNG (UNG) carrier companies’ potential returns based on their March 21 market prices were as follows:

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