Dynagas LNG Partners (NYSE:DLNG) Now Covered by StockNews.com

StockNews.com started coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a research report report published on Sunday. The firm issued a strong-buy rating on the shipping company’s stock.

Dynagas LNG Partners Trading Up 0.2 %

NYSE DLNG opened at $4.06 on Friday. The company has a market capitalization of $149.42 million, a PE ratio of 6.77 and a beta of 1.37. The company has a fifty day moving average of $3.83 and a 200 day moving average of $3.86. Dynagas LNG Partners has a 1 year low of $2.27 and a 1 year high of $4.24. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.70 and a quick ratio of 0.69.

Dynagas LNG Partners (NYSE:DLNG) last posted its earnings results on Tuesday, September 10th. The shipping company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The business had revenue of $37.62 million for the quarter, compared to analyst estimates of $37.92 million. Dynagas LNG Partners had a net margin of 21.27% and a return on equity of 11.77%. During the same quarter in the prior year, the firm earned $0.08 earnings per share. Research analysts forecast that Dynagas LNG Partners will post 1.05 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Dynagas LNG Partners stock. Apollon Wealth Management LLC raised its position in Dynagas LNG Partners LP (NYSE:DLNG) by 17.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,780 shares of the shipping company’s stock after buying an additional 2,650 shares during the period. Apollon Wealth Management LLC’s holdings in Dynagas LNG Partners were worth $67,000 at the end of the most recent quarter.

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.