Dynagas LNG Partners (NYSE:DLNG) Rating Increased to Buy at StockNews.com

Dynagas LNG Partners (NYSE:DLNG) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Dynagas LNG Partners Trading Up 0.3 %

DLNG opened at $3.68 on Wednesday. The company has a market capitalization of $135.57 million, a price-to-earnings ratio of 5.18 and a beta of 1.39. Dynagas LNG Partners has a 12-month low of $2.27 and a 12-month high of $4.24. The business’s fifty day simple moving average is $3.79 and its 200-day simple moving average is $3.59.

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). Dynagas LNG Partners had a return on equity of 9.98% and a net margin of 23.58%. The business had revenue of $37.62 million for the quarter, compared to the consensus estimate of $37.92 million. During the same quarter in the previous year, the company earned $0.08 earnings per share. On average, equities research analysts predict that Dynagas LNG Partners will post 1.1 EPS for the current year.

Institutional Trading of Dynagas LNG Partners

An institutional investor recently bought a new position in Dynagas LNG Partners stock. Apollon Wealth Management LLC purchased a new stake in Dynagas LNG Partners LP (NYSE:DLNG) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 15,130 shares of the shipping company’s stock, valued at approximately $42,000.

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.