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

StockNews.com started coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a research report sent to investors on Thursday. The firm issued a strong-buy rating on the shipping company’s stock.

Dynagas LNG Partners Price Performance

NYSE DLNG opened at $3.81 on Thursday. Dynagas LNG Partners has a 1 year low of $2.27 and a 1 year high of $4.24. The business’s fifty day moving average is $3.78 and its two-hundred day moving average is $3.77. The stock has a market capitalization of $140.21 million, a P/E ratio of 5.37 and a beta of 1.37. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.69 and a current ratio of 0.70.

Dynagas LNG Partners (NYSE:DLNG) last announced its 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 for the quarter, compared to analyst estimates 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 last year, the firm earned $0.08 earnings per share. On average, research analysts forecast that Dynagas LNG Partners will post 1.05 earnings per share for the current fiscal 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.