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

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

Dynagas LNG Partners Stock Up 1.9 %

Shares of Dynagas LNG Partners stock opened at $4.68 on Tuesday. Dynagas LNG Partners has a one year low of $2.27 and a one year high of $4.85. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 0.69. The stock’s 50-day moving average is $3.99 and its 200 day moving average is $3.90. The firm has a market cap of $172.04 million, a price-to-earnings ratio of 4.87 and a beta of 1.37.

Dynagas LNG Partners (NYSE:DLNG) last issued its earnings results 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). The firm had revenue of $37.62 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the business earned $0.08 earnings per share. Equities research analysts anticipate that Dynagas LNG Partners will post 1.08 EPS for the current year.

Dynagas LNG Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 9th will be issued a dividend of $0.049 per share. This represents a $0.20 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Monday, December 9th.

Hedge Funds Weigh In On Dynagas LNG Partners

Several institutional investors have recently modified their holdings of DLNG. Apollon Wealth Management LLC lifted its stake in Dynagas LNG Partners by 17.5% in the third quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company’s stock valued at $67,000 after purchasing an additional 2,650 shares during the last quarter. Stifel Financial Corp boosted its position 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 valued at $145,000 after acquiring an additional 23,500 shares during the period. Finally, FMR LLC grew its position in shares of Dynagas LNG Partners by 26.1% during the 3rd quarter. FMR LLC now owns 1,280,800 shares of the shipping company’s stock valued at $4,854,000 after purchasing an additional 265,337 shares in the last quarter.

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.