Dynagas LNG Partners (NYSE:DLNG) Coverage Initiated by Analysts at Jefferies Financial Group

Investment analysts at Jefferies Financial Group began coverage on shares of Dynagas LNG Partners (NYSE:DLNG – Get Rating) in a report issued on Wednesday, The Fly reports. The firm set a “hold” rating on the shipping company’s stock.

DLNG has been the topic of several other research reports. StockNews.com started coverage on Dynagas LNG Partners in a research note on Wednesday. They set a “buy” rating on the stock. Zacks Investment Research upgraded Dynagas LNG Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, January 19th.

Shares of DLNG stock opened at $3.02 on Wednesday. Dynagas LNG Partners has a 1-year low of $2.55 and a 1-year high of $4.40. The stock’s fifty day moving average price is $3.26 and its 200 day moving average price is $3.12. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.19 and a quick ratio of 5.76. The company has a market cap of $111.25 million, a price-to-earnings ratio of 2.65 and a beta of 1.71.

Dynagas LNG Partners (NYSE:DLNG – Get Rating) last posted its quarterly earnings results on Thursday, March 17th. The shipping company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.02. The business had revenue of $35.68 million for the quarter, compared to the consensus estimate of $33.75 million. Dynagas LNG Partners had a return on equity of 17.23% and a net margin of 38.67%. During the same quarter in the previous year, the business earned $0.22 EPS. As a group, equities research analysts anticipate that Dynagas LNG Partners will post 0.47 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. Morgan Stanley grew its stake in shares of Dynagas LNG Partners by 6.7% in the second quarter. Morgan Stanley now owns 305,157 shares of the shipping company’s stock valued at $1,015,000 after buying an additional 19,061 shares in the last quarter. Susquehanna International Group LLP grew its stake in Dynagas LNG Partners by 1,062.3% during the 4th quarter. Susquehanna International Group LLP now owns 14,506 shares of the shipping company’s stock worth $42,000 after purchasing an additional 13,258 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Dynagas LNG Partners by 11.1% during the 3rd quarter. Barclays PLC now owns 71,992 shares of the shipping company’s stock worth $220,000 after buying an additional 7,192 shares during the last quarter. 7.21% of the stock is owned by institutional investors.

Dynagas LNG Partners Company Profile (Get Rating)

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry worldwide. The company owns and operates liquefied natural gas (LNG) carriers. As of April 28, 2021, its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.

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