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

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

Dynagas LNG Partners Trading Down 3.2 %

Shares of DLNG stock opened at $4.57 on Thursday. The firm has a market capitalization of $168.18 million, a P/E ratio of 4.76 and a beta of 1.42. Dynagas LNG Partners has a 1 year low of $2.27 and a 1 year high of $4.85. The firm’s fifty day simple moving average is $4.16 and its 200 day simple moving average is $3.95. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.95.

Dynagas LNG Partners (NYSE:DLNG) last posted its quarterly 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 company had revenue of $37.62 million during the quarter, compared to analyst estimates of $37.92 million. Dynagas LNG Partners had a return on equity of 14.73% and a net margin of 31.63%. During the same quarter in the prior year, the business earned $0.08 earnings per share. As a group, sell-side analysts predict that Dynagas LNG Partners will post 1.08 EPS for the current year.

Institutional Investors Weigh In On Dynagas LNG Partners

A number of institutional investors have recently bought and sold shares of DLNG. Apollon Wealth Management LLC boosted its holdings in Dynagas LNG Partners by 17.5% during the third quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company’s stock valued at $67,000 after purchasing an additional 2,650 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Dynagas LNG Partners by 158.8% in the 3rd quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company’s stock worth $145,000 after buying an additional 23,500 shares in the last quarter. Finally, FMR LLC lifted its position 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 worth $4,854,000 after buying an additional 265,337 shares during the period.

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.