Wells Fargo put a neutral rating on Dynagas LNG Partners as an analyst said the New York-listed LNG carrier owner offers investors ‘balanced’ risks and rewards ahead of gradual growth in the market.
Analyst Michael Webber, who tracks shipping stocks and master limited partnerships (MLPs) for the bank, started covering the spinoff of George Prokopiou’s Dynagas today with a rating of “market perform” and a valuation estimate of $9 to $10 per share, well below its $15.33
