Expectation of a cut to its investor payouts has led Stifel to downgrade its rating on Dynagas LNG Partners.
Analyst Ben Nolan has cut the George Procopiou-led company from buy to hold and lowered his target price on the MLP.
“Although Dynagas Partners has really nice long-term contracts and ample growth opportunities, their distributions are greater than their cash flows and we believe the likely result will be a cutting of distributions,” Nolan said.
