Dynagas LNG Partners (NYSE:DLNG) Now Covered by StockNews.com

StockNews.com began coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a report issued on Saturday morning. The brokerage issued a strong-buy rating on the shipping company’s stock.

Dynagas LNG Partners Price Performance

Dynagas LNG Partners stock opened at $3.85 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 stock has a market cap of $141.69 million, a price-to-earnings ratio of 6.40 and a beta of 1.37. The firm has a 50-day moving average of $3.80 and a two-hundred day moving average of $3.84. Dynagas LNG Partners has a 1 year low of $2.27 and a 1 year high of $4.24.

Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings data 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). Dynagas LNG Partners had a return on equity of 11.77% and a net margin of 21.27%. The business had revenue of $37.62 million during the quarter, compared to analyst estimates of $37.92 million. During the same quarter in the previous year, the company earned $0.08 EPS. On average, research analysts forecast that Dynagas LNG Partners will post 1.05 earnings per share for the current year.

Institutional Investors Weigh In On Dynagas LNG Partners

A hedge fund recently raised its stake in Dynagas LNG Partners stock. Apollon Wealth Management LLC raised its stake in shares of Dynagas LNG Partners LP (NYSE:DLNG) by 17.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,780 shares of the shipping company’s stock after buying an additional 2,650 shares during the quarter. Apollon Wealth Management LLC’s holdings in Dynagas LNG Partners were worth $67,000 at the end of the most recent reporting period.

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.