Dynagas LNG Partners (NYSE:DLNG) Share Price Crosses Above 50-Day Moving Average of $3.04

Dynagas LNG Partners LP (NYSE:DLNG) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $3.04 and traded as high as $4.18. Dynagas LNG Partners shares last traded at $4.17, with a volume of 126,984 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com cut Dynagas LNG Partners from a “strong-buy” rating to a “buy” rating in a research report on Saturday.

Dynagas LNG Partners Price Performance

The company has a current ratio of 2.83, a quick ratio of 2.46 and a debt-to-equity ratio of 1.30. The firm has a market cap of $153.62 million, a P/E ratio of 6.32 and a beta of 1.45. The firm has a 50-day simple moving average of $3.07 and a 200-day simple moving average of $2.87.

Dynagas LNG Partners (NYSE:DLNG) last issued 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 for the quarter, compared to analysts’ expectations of $38.21 million. As a group, analysts forecast that Dynagas LNG Partners LP will post 1.22 EPS for the current year.

Institutional Trading of Dynagas LNG Partners

An institutional investor recently bought a new position in Dynagas LNG Partners stock. Apollon Wealth Management LLC acquired a new stake in shares of Dynagas LNG Partners LP (NYSE:DLNG) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 15,130 shares of the shipping company’s stock, valued at approximately $42,000.

Dynagas LNG Partners Company Profile

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.