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

Analysts at StockNews.com began coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a research note issued on Tuesday. The firm set a “strong-buy” rating on the shipping company’s stock.

Dynagas LNG Partners Price Performance

DLNG opened at $4.73 on Tuesday. The company has a market capitalization of $174.06 million, a price-to-earnings ratio of 4.93 and a beta of 1.37. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.89. Dynagas LNG Partners has a 12-month low of $2.27 and a 12-month high of $4.80. The business’s fifty day simple moving average is $3.94 and its 200-day simple moving average is $3.88.

Dynagas LNG Partners (NYSE:DLNG) last issued its earnings results on Tuesday, September 10th. The shipping company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03). The business had revenue of $37.62 million for the quarter, compared to the consensus estimate of $37.92 million. Dynagas LNG Partners had a return on equity of 15.03% and a net margin of 31.63%. During the same quarter in the previous year, the company earned $0.08 earnings per share. On average, equities research analysts anticipate that Dynagas LNG Partners will post 1.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dynagas LNG Partners

Hedge funds have recently made changes to their positions in the stock. Apollon Wealth Management LLC boosted its stake in Dynagas LNG Partners by 17.5% in the third quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company’s stock valued at $67,000 after acquiring an additional 2,650 shares in the last quarter. Stifel Financial Corp increased its position in shares of Dynagas LNG Partners by 158.8% during the third quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company’s stock worth $145,000 after purchasing an additional 23,500 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Dynagas LNG Partners by 26.1% during the 3rd quarter. FMR LLC now owns 1,280,800 shares of the shipping company’s stock valued at $4,854,000 after purchasing an additional 265,337 shares during the last quarter.

About Dynagas LNG Partners

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.