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 research report issued on Sunday. The firm set a “strong-buy” rating on the shipping company’s stock.

Dynagas LNG Partners Stock Performance

NYSE DLNG opened at $3.99 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $146.84 million, a price-to-earnings ratio of 6.65 and a beta of 1.37. The stock has a 50-day moving average of $3.81 and a 200 day moving average of $3.84. Dynagas LNG Partners has a twelve month low of $2.27 and a twelve month high of $4.24.

Dynagas LNG Partners (NYSE:DLNG) last issued its earnings results on Tuesday, September 10th. The shipping company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). Dynagas LNG Partners had a net margin of 21.27% and a return on equity of 11.77%. The business had revenue of $37.62 million during the quarter, compared to analyst estimates of $37.92 million. During the same quarter last year, the company earned $0.08 earnings per share. Sell-side analysts anticipate that Dynagas LNG Partners will post 1.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Dynagas LNG Partners stock. Apollon Wealth Management LLC raised its holdings in shares of Dynagas LNG Partners LP (NYSE:DLNG) by 17.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,780 shares of the shipping company’s stock after acquiring an additional 2,650 shares during the quarter. Apollon Wealth Management LLC’s holdings in Dynagas LNG Partners were worth $67,000 as of its most recent filing with the Securities and Exchange Commission.

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.