Dynagas LNG Partners (NYSE:DLNG) Releases Earnings Results, Beats Expectations By $0.04 EPS

Dynagas LNG Partners (NYSE:DLNG) released its earnings results on Thursday. The shipping company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04, Zacks reports. Dynagas LNG Partners had a net margin of 31.63% and a return on equity of 14.73%. The business had revenue of $41.66 million during the quarter, compared to analyst estimates of $38.34 million.

Dynagas LNG Partners Trading Down 0.1 %

NYSE DLNG opened at $3.95 on Friday. The stock has a market capitalization of $145.18 million, a P/E ratio of 4.11 and a beta of 1.36. Dynagas LNG Partners has a 12 month low of $2.27 and a 12 month high of $5.65. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68. The firm’s 50-day moving average is $4.74 and its two-hundred day moving average is $4.30.

Dynagas LNG Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Monday, February 24th were given a $0.049 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.20 dividend on an annualized basis and a yield of 4.97%. Dynagas LNG Partners’s payout ratio is currently 19.79%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Dynagas LNG Partners from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 20th.

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.