Research analysts at StockNews.com assumed coverage on shares of Dynagas LNG Partners (NYSE:DLNG – Get Free Report) in a report released on Friday. The brokerage set a “strong-buy” rating on the shipping company’s stock.
Dynagas LNG Partners Stock Performance
Shares of Dynagas LNG Partners stock opened at $3.88 on Friday. The company has a 50 day moving average price of $3.79 and a 200 day moving average price of $3.79. The firm has a market capitalization of $142.78 million, a P/E ratio of 5.46 and a beta of 1.37. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.89. Dynagas LNG Partners has a 52 week low of $2.27 and a 52 week high of $4.24.
Dynagas LNG Partners (NYSE:DLNG – Get Free Report) last posted its quarterly earnings results on Tuesday, September 10th. The shipping company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The company had revenue of $37.62 million during the quarter, compared to analysts’ expectations of $37.92 million. Dynagas LNG Partners had a return on equity of 11.77% and a net margin of 21.27%. During the same period in the prior year, the business posted $0.08 EPS. Sell-side analysts expect that Dynagas LNG Partners will post 1.05 EPS for the current year.
Dynagas LNG Partners Company Profile
Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry in Greece and internationally. The company owns and operates liquefied natural gas (LNG) carriers. Its fleet consists of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.
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