Dynagas LNG Partners: Hits record low after slashing distribution

Dynagas LNG Partners LP

28/01/2019 16:52

** Shares of the LNG carrier operator  DLNG.N  slump 31.6
pct to $2.75 to hit a record low
    ** On Friday, co cut its Q4 distribution to $0.0625/shr from
$0.25/shr  urn:newsml:reuters.com:*:nGNX3Vz5Q7
    ** B.Riley FBR downgrades stock to "neutral" from "buy";
cuts PT to $2.65 from $10.50 on DLNG's move
    ** Stock down ~76 pct in the past 12 months 

 (Reporting By Arundhati Sarkar in Bengaluru)
 ((Reuters Messaging: arundhati.sarkar@.thomsonreuters.com))