Dynagas LNG Partners (NYSE:DLNG) Upgraded to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Dynagas LNG Partners (NYSE:DLNGGet Rating) from a buy rating to a strong-buy rating in a research note issued to investors on Friday.

Other equities research analysts have also recently issued research reports about the company. Jefferies Financial Group started coverage on Dynagas LNG Partners in a report on Wednesday, April 27th. They set a hold rating for the company. Zacks Investment Research upgraded Dynagas LNG Partners from a hold rating to a buy rating and set a $3.75 price objective for the company in a report on Thursday, April 28th.

Shares of NYSE:DLNG traded up $0.25 during midday trading on Friday, reaching $3.65. The company had a trading volume of 113,588 shares, compared to its average volume of 128,945. The company has a quick ratio of 5.76, a current ratio of 0.19 and a debt-to-equity ratio of 2.38. The business’s 50 day moving average price is $3.29 and its 200 day moving average price is $3.13. The stock has a market cap of $134.47 million, a PE ratio of 3.20 and a beta of 1.75. Dynagas LNG Partners has a 1-year low of $2.55 and a 1-year high of $4.40.

Dynagas LNG Partners (NYSE:DLNGGet Rating) last posted its quarterly earnings results on Thursday, March 17th. The shipping company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. Dynagas LNG Partners had a return on equity of 17.23% and a net margin of 38.67%. The business had revenue of $35.68 million during the quarter, compared to analysts’ expectations of $33.75 million. During the same quarter last year, the company posted $0.22 earnings per share. On average, research analysts expect that Dynagas LNG Partners will post 0.72 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley increased its position 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 worth $1,015,000 after purchasing an additional 19,061 shares during the period. Barclays PLC increased its position in shares of Dynagas LNG Partners by 11.1% in the third quarter. Barclays PLC now owns 71,992 shares of the shipping company’s stock worth $220,000 after purchasing an additional 7,192 shares during the period. Vanguard Capital Wealth Advisors bought a new position in shares of Dynagas LNG Partners in the first quarter worth $175,000. Finally, Susquehanna International Group LLP increased its position in shares of Dynagas LNG Partners by 1,062.3% in the fourth 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 during the period. Institutional investors own 21.11% of the company’s stock.

About Dynagas LNG Partners (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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