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

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

Dynagas LNG Partners Stock Performance

Shares of DLNG stock opened at $4.06 on Friday. The firm has a market cap of $149.42 million, a price-to-earnings ratio of 6.77 and a beta of 1.37. The company’s 50 day moving average is $3.83 and its 200 day moving average is $3.86. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.89. Dynagas LNG Partners has a 52-week low of $2.27 and a 52-week high of $4.24.

Dynagas LNG Partners (NYSE:DLNG) last issued its quarterly earnings data on Tuesday, September 10th. The shipping company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03). Dynagas LNG Partners had a net margin of 21.27% and a return on equity of 11.77%. The business had revenue of $37.62 million for the quarter, compared to analysts’ expectations of $37.92 million. During the same period in the previous year, the business earned $0.08 earnings per share. On average, sell-side analysts anticipate that Dynagas LNG Partners will post 1.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Dynagas LNG Partners

An institutional investor recently raised its position in Dynagas LNG Partners stock. FMR LLC lifted its stake in shares of Dynagas LNG Partners LP (NYSE:DLNG) by 26.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,280,800 shares of the shipping company’s stock after buying an additional 265,337 shares during the period. FMR LLC owned approximately 3.48% of Dynagas LNG Partners worth $4,854,000 at the end of the most recent 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.