Dynagas LNG Partners (NYSE:DLNG) Upgraded by StockNews.com to “Strong-Buy”

StockNews.com upgraded shares of Dynagas LNG Partners (NYSE:DLNG) from a buy rating to a strong-buy rating in a report released on Thursday.

Dynagas LNG Partners Stock Performance

Shares of NYSE:DLNG opened at $3.85 on Thursday. Dynagas LNG Partners has a one year low of $2.27 and a one year high of $4.24. The company has a 50-day simple moving average of $3.78 and a 200-day simple moving average of $3.61. The stock has a market capitalization of $141.83 million, a price-to-earnings ratio of 5.42 and a beta of 1.39.

Dynagas LNG Partners (NYSE:DLNG) last posted its quarterly earnings data on Tuesday, September 10th. The shipping company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.03). Dynagas LNG Partners had a net margin of 21.27% and a return on equity of 12.02%. The company had revenue of $37.62 million for the quarter, compared to analysts’ expectations of $37.92 million. During the same period in the prior year, the company earned $0.08 earnings per share. As a group, research analysts forecast that Dynagas LNG Partners will post 1.05 EPS for the current fiscal year.

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.