DLNG - Shares of Dynagas LNG Partners LP (DLNG) Have Risen Above Previous 52-Week High
Dynagas LNG Partners LP (NYSE:DLNG) traded today at a new 52-week high of $4.48. This new high was reached on below average trading volume as 83,000 shares traded hands, while the average 30-day volume is approximately 120,000 shares.
Based on a current price of $4.38, Dynagas LNG Partners LP is currently 3.8% above its average consensus analyst price target of $4.22.
Dynagas LNG Partners LP is a limited partnership company focused on owning and operating high specification and versatile LNG carriers that are employed on multi-year contracts with international energy companies, providing the benefits of stable cash flows and high utilization rates. The company defines charters of two years or more as multi-year charters. Its current LNG Carrier fleet is optimized for trading flexibility. In addition to conventional trade, part of LNG Carrier fleet is assigned with Ice Class 1A FS notation and are winterized which enables trade in subzero and ice bound conditions.
Over the past year, Dynagas LNG Partners LP has traded in a range of $2.55 to $4.48 and is now at $4.38, 72% above that low.
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