Dynagas LNG Partners (NYSE:DLNG) Stock Price Crosses Above Fifty Day Moving Average of $2.97

Dynagas LNG Partners LP (NYSE:DLNG)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.97 and traded as high as $3.49. Dynagas LNG Partners shares last traded at $3.42, with a volume of 62,460 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Dynagas LNG Partners in a report on Friday. They set a “buy” rating for the company.

Dynagas LNG Partners Trading Down 3.7 %

The company has a 50-day moving average price of $2.97 and a 200 day moving average price of $2.81. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.83 and a quick ratio of 2.46.

Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly earnings data on Thursday, March 28th. The shipping company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.10). Dynagas LNG Partners had a net margin of 22.35% and a return on equity of 8.22%. The business had revenue of $36.95 million during the quarter, compared to analysts’ expectations of $38.21 million. On average, equities research analysts anticipate that Dynagas LNG Partners LP will post 1.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Dynagas LNG Partners

A hedge fund recently bought a new stake in Dynagas LNG Partners stock. Apollon Wealth Management LLC acquired a new stake in Dynagas LNG Partners LP (NYSE:DLNG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,130 shares of the shipping company’s stock, valued at approximately $42,000.

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.