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

StockNews.com upgraded shares of Dynagas LNG Partners (NYSE:DLNG) from a hold rating to a buy rating in a report published on Wednesday.

Dynagas LNG Partners Price Performance

Shares of Dynagas LNG Partners stock opened at $3.60 on Wednesday. The firm has a 50 day simple moving average of $3.79 and a 200 day simple moving average of $3.59. Dynagas LNG Partners has a fifty-two week low of $2.27 and a fifty-two week high of $4.24.

Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly earnings data on Tuesday, September 10th. The shipping company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $37.62 million during the quarter, compared to the consensus estimate of $37.92 million. During the same period in the previous year, the business posted $0.08 earnings per share. On average, analysts expect that Dynagas LNG Partners will post 1.05 EPS for the current year.

Hedge Funds Weigh In On Dynagas LNG Partners

A hedge fund recently bought a new stake in Dynagas LNG Partners stock. Apollon Wealth Management LLC acquired a new stake in Dynagas LNG Partners LP (NYSE:DLNG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 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.