#3 - Dynagas LNG Partners (NYSE:DLNG)
Since Russia invaded Ukraine in 2022, investors have come to understand the strategic importance of liquefied natural gas (LNG), particularly in Europe. Dynagas LNG Partners LP (NYSE: DLNG) is one of the leading names in LNG transportation. The company has a fleet of six carriers that can transport 914,000 cubic meters of LNG all over the globe.
The issue for the moment may be the company's balance sheet, which shows it is still working through a considerable amount of debt. However, the company's business model is based on multi-year contracts. As of December 2023, 99.8% of the Dynagas fleet was being deployed, and the company has a backlog of contracts through 2027 amounting to $1.16 billion. That should go a considerable way towards stabilizing the balance sheet.
Dynagas does not receive extensive analyst coverage. But it recently received a Strong Buy rating from Stocknews.com, which initiated its coverage of the stock on February 8, 2024.
About Dynagas LNG Partners
Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry in Greece and internationally. The company owns and operates liquefied natural gas (LNG) carriers. Its fleet consists of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.
Read More - Current Price
- $4.57
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
