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Analysts See a 41.9% Upside on Dynagas LNG Partners

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First-quarter results

In May, Dynagas LNG Partners (DLNG) reported its first-quarter results. Dynagas LNG Partners reported a net income of $4.8 million and EPS of $0.09 in the quarter. 

The company achieved distributable cash flow of $11.3 million during this period. It declared quarterly cash distributions of $0.25 per unit and $0.56 per preferred unit. At the end of March 31, the company reported cash of $61.4 million and available liquidity of $91.4 million.

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Consensus recommendations

Seven analysts have given recommendations on Dynagas LNG Partners. Of these analysts, 43% are bullish on the stock—two have given it “strong buy” recommendations, and one has given it a “buy” recommendation. The remaining three analysts have given “hold” recommendations to Dynagas LNG Partners. No analysts have given the company “strong sell” or “sell” recommendations.

Revisions

In May, four analysts revised their target prices for Dynagas LNG Partners. Deutsche Bank reduced its target price to $9 from $12. Morgan Stanley reduced its target price to $10.5 from $11.5. Jefferies reduced its target price to $13 from $16 and maintained its “buy” rating on the stock. Maxim Group reduced its target price for DLNG to $11 from $12 and maintained its “buy” rating on the stock.

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Target price

The consensus 12-month target price for Dyanagas LNG Partners is $11.21. Compared to its current market price of $7.9 as of June 8, DLNG’s target price implies a potential upside of 41.9%.

Peers

The following are the potential upside returns of LNG (liquefied natural gas) carrier companies (UNG) compared to their market prices as of June 8:

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