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

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

Separately, Stifel Nicolaus restated a buy rating and set a $4.00 price target on shares of Dynagas LNG Partners in a report on Friday, September 15th.

Dynagas LNG Partners Trading Down 1.2 %

Shares of DLNG stock opened at $2.56 on Friday. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 1.40. The business has a 50-day moving average price of $2.60 and a two-hundred day moving average price of $2.66. Dynagas LNG Partners has a 12-month low of $2.08 and a 12-month high of $3.25. The firm has a market cap of $94.31 million, a P/E ratio of 3.01 and a beta of 1.51.

Dynagas LNG Partners (NYSE:DLNG) last released its earnings results on Friday, September 15th. The shipping company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.10). Dynagas LNG Partners had a net margin of 30.77% and a return on equity of 7.92%. The company had revenue of $37.65 million during the quarter, compared to the consensus estimate of $33.68 million. During the same period last year, the firm posted $0.17 EPS. Equities analysts anticipate that Dynagas LNG Partners will post 0.7 EPS for the current fiscal year.

Institutional Trading of Dynagas LNG Partners

Hedge funds have recently made changes to their positions in the stock. UBS Group AG lifted its position in Dynagas LNG Partners by 110.1% in the 2nd quarter. UBS Group AG now owns 91,594 shares of the shipping company’s stock valued at $303,000 after acquiring an additional 48,000 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in Dynagas LNG Partners by 117.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 86,176 shares of the shipping company’s stock valued at $285,000 after acquiring an additional 46,511 shares in the last quarter. BNP Paribas Arbitrage SNC lifted its position in Dynagas LNG Partners by 104.7% in the 2nd quarter. BNP Paribas Arbitrage SNC now owns 25,214 shares of the shipping company’s stock valued at $63,000 after acquiring an additional 12,894 shares in the last quarter. Jane Street Group LLC bought a new position in Dynagas LNG Partners in the 4th quarter valued at approximately $64,000. Finally, Cubist Systematic Strategies LLC bought a new position in Dynagas LNG Partners in the 2nd quarter valued at approximately $35,000. 7.57% of the stock is owned by institutional investors.

Dynagas LNG Partners Company Profile

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry worldwide. The company owns and operates liquefied natural gas (LNG) carriers. Its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,100 cubic meters. Dynagas GP LLC serves as the general partner of Dynagas LNG Partners LP.