StockNews.com Initiates Coverage on Dynagas LNG Partners (NYSE:DLNG)

Analysts at StockNews.com assumed coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a report issued on Friday. The firm set a “strong-buy” rating on the shipping company’s stock.

Dynagas LNG Partners Stock Down 0.5 %

NYSE:DLNG opened at $3.88 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.70 and a quick ratio of 0.69. The company’s fifty day moving average price is $3.79 and its 200-day moving average price is $3.79. Dynagas LNG Partners has a 1-year low of $2.27 and a 1-year high of $4.24. The firm has a market capitalization of $142.78 million, a P/E ratio of 5.46 and a beta of 1.37.

Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly earnings results on Tuesday, September 10th. The shipping company reported $0.25 earnings per share for the quarter, missing the consensus estimate 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 in the prior year, the business posted $0.08 earnings per share. As a group, equities research analysts anticipate that Dynagas LNG Partners will post 1.05 EPS for the current 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.