Dynagas LNG Partners (NYSE:DLNG) Earns Strong-Buy Rating from Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a research report issued to clients and investors on Tuesday. The brokerage set a “strong-buy” rating on the shipping company’s stock.

Dynagas LNG Partners Trading Down 3.8 %

Shares of NYSE DLNG opened at $4.59 on Tuesday. Dynagas LNG Partners has a fifty-two week low of $2.27 and a fifty-two week high of $4.85. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.69 and a current ratio of 1.68. The company has a market cap of $168.91 million, a price-to-earnings ratio of 4.75 and a beta of 1.37. The business’s 50 day moving average price is $3.96 and its 200-day moving average price is $3.89.

Dynagas LNG Partners (NYSE:DLNG) last released its earnings results on Tuesday, September 10th. The shipping company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The business had revenue of $37.62 million during the quarter, compared to analysts’ expectations of $37.92 million. Dynagas LNG Partners had a return on equity of 14.73% and a net margin of 31.63%. During the same quarter in the previous year, the business earned $0.08 EPS. On average, sell-side analysts expect that Dynagas LNG Partners will post 1.05 earnings per share for the current year.

Institutional Trading of Dynagas LNG Partners

Several institutional investors and hedge funds have recently modified their holdings of DLNG. Apollon Wealth Management LLC raised its holdings in shares of Dynagas LNG Partners by 17.5% in the third quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company’s stock valued at $67,000 after acquiring an additional 2,650 shares in the last quarter. Stifel Financial Corp increased its position in Dynagas LNG Partners by 158.8% during the 3rd quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company’s stock valued at $145,000 after purchasing an additional 23,500 shares during the period. Finally, FMR LLC lifted its position in shares of Dynagas LNG Partners by 26.1% in the 3rd quarter. FMR LLC now owns 1,280,800 shares of the shipping company’s stock worth $4,854,000 after purchasing an additional 265,337 shares during the period.

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.