Dynagas LNG Partners (NYSE:DLNG) Raised to Strong-Buy at StockNews.com

Dynagas LNG Partners (NYSE:DLNG) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Thursday.

Dynagas LNG Partners Trading Down 1.1 %

Shares of NYSE:DLNG opened at $3.73 on Thursday. Dynagas LNG Partners has a 52 week low of $2.27 and a 52 week high of $4.24. The company’s 50 day moving average is $3.78 and its two-hundred day moving average is $3.61. The company has a market cap of $137.41 million, a PE ratio of 5.25 and a beta of 1.39.

Dynagas LNG Partners (NYSE:DLNG) last posted its quarterly earnings results 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). The business had revenue of $37.62 million during the quarter, compared to analyst estimates of $37.92 million. Dynagas LNG Partners had a net margin of 21.27% and a return on equity of 12.02%. During the same quarter in the prior year, the business earned $0.08 earnings per share. As a group, equities research analysts expect that Dynagas LNG Partners will post 1.05 EPS for the current year.

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.