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

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

Dynagas LNG Partners Price Performance

NYSE:DLNG opened at $4.57 on Thursday. The firm has a market cap of $168.18 million, a PE ratio of 4.76 and a beta of 1.42. The company’s 50-day moving average price is $4.16 and its two-hundred day moving average price is $3.95. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95. Dynagas LNG Partners has a 12 month low of $2.27 and a 12 month high of $4.85.

Dynagas LNG Partners (NYSE:DLNG) last announced its earnings results on Tuesday, September 10th. The shipping company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.03). The business had revenue of $37.62 million during the quarter, compared to analyst estimates 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 period in the previous year, the firm earned $0.08 earnings per share. On average, equities analysts anticipate that Dynagas LNG Partners will post 1.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DLNG. Apollon Wealth Management LLC lifted its position in Dynagas LNG Partners by 17.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company’s stock worth $67,000 after buying an additional 2,650 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Dynagas LNG Partners by 158.8% in the third quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company’s stock worth $145,000 after acquiring an additional 23,500 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Dynagas LNG Partners by 26.1% during the third 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 in the last quarter.

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.