Dynagas LNG Partners (NYSE:DLNG) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a research report sent to investors on Friday morning. The brokerage issued a strong-buy rating on the shipping company’s stock.

Dynagas LNG Partners Trading Up 4.5 %

DLNG opened at $2.79 on Friday. The firm has a market capitalization of $102.78 million, a price-to-earnings ratio of 3.67 and a beta of 1.51. Dynagas LNG Partners has a fifty-two week low of $2.08 and a fifty-two week high of $3.66. The company has a debt-to-equity ratio of 1.49, a current ratio of 3.74 and a quick ratio of 3.74. The company’s 50 day moving average price is $2.80 and its two-hundred day moving average price is $2.73.

Dynagas LNG Partners (NYSE:DLNG) last issued its quarterly earnings results on Wednesday, June 21st. The shipping company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.11). The firm had revenue of $37.26 million during the quarter, compared to analyst estimates of $33.67 million. Dynagas LNG Partners had a return on equity of 9.23% and a net margin of 29.28%. During the same quarter last year, the firm posted $0.19 EPS. As a group, research analysts predict that Dynagas LNG Partners will post 0.71 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DLNG. UBS Group AG lifted its position in shares of Dynagas LNG Partners by 110.1% during the 2nd quarter. UBS Group AG now owns 91,594 shares of the shipping company’s stock valued at $303,000 after acquiring an additional 48,000 shares during the period. BNP Paribas Arbitrage SA lifted its position in shares of Dynagas LNG Partners by 117.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 86,176 shares of the shipping company’s stock valued at $285,000 after acquiring an additional 46,511 shares during the period. BNP Paribas Arbitrage SNC lifted its position in shares of Dynagas LNG Partners by 104.7% during the 2nd quarter. BNP Paribas Arbitrage SNC now owns 25,214 shares of the shipping company’s stock valued at $63,000 after acquiring an additional 12,894 shares during the period. Jane Street Group LLC acquired a new position in shares of Dynagas LNG Partners during the 4th quarter valued at $64,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Dynagas LNG Partners during the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 7.57% of the company’s stock.

About Dynagas LNG Partners

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry worldwide. The company owns and operates liquefied natural gas (LNG) carriers. Its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,100 cubic meters. Dynagas GP LLC serves as the general partner of Dynagas LNG Partners LP.