Dynagas LNG Partners LP (DLNG) was Initiated by Wells Fargo to “Market Perform”. Wells Fargo advised their investors in a research report released on Sep 19, 2016.
Dynagas LNG Partners LP closed down -0.15 points or -0.98% at $15.12 with 223,544 shares getting traded on Friday. Post opening the session at $15.51, the shares hit an intraday low of $15.094 and an intraday high of $15.632 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Dynagas LNG Partners LP is a growth-oriented limited partnership. The Company is focused on owning and operating liquefied natural gas (LNG) carriers. The Company owns and operates a fleet of approximately five LNG carriers consisting of the three LNG carriers in its Initial Fleet the Clean Energy the Ob River and the Clean Force and two 2013-built Ice Class LNG carriers the Arctic Aurora and the Yenisei River. The vessels in the Company’s fleet have carrying capacity of between approximately 150000 and 155000 cubic meters (cbm). It consists of two series of sister vessels. The Company has approximately 39 LNG carriers in operation including the vessels with a carrying capacity of between 149000 and 155000 cbm and a membrane containment system. The Company’s Optional Vessels consist of five winterized newbuilding LNG carriers two of which have been contracted to operate under multi-year charters with Gazprom and Cheniere.