Dynagas LNG Partners (NYSE:DLNG) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a note issued to investors on Sunday. The brokerage set a “strong-buy” rating on the shipping company’s stock.

Dynagas LNG Partners Trading Up 2.0 %

Dynagas LNG Partners stock opened at $3.99 on Friday. The stock has a market cap of $146.84 million, a P/E ratio of 6.65 and a beta of 1.37. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.69 and a current ratio of 0.70. The firm’s fifty day moving average price is $3.81 and its 200-day moving average price is $3.84. Dynagas LNG Partners has a fifty-two week low of $2.27 and a fifty-two week high of $4.24.

Dynagas LNG Partners (NYSE:DLNG) last issued its earnings results on Tuesday, September 10th. The shipping company reported $0.25 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $37.62 million during the quarter, compared to analysts’ expectations of $37.92 million. During the same period in the previous year, the firm earned $0.08 earnings per share. Equities research analysts forecast that Dynagas LNG Partners will post 1.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dynagas LNG Partners

An institutional investor recently raised its position in Dynagas LNG Partners stock. Apollon Wealth Management LLC raised its holdings in shares of Dynagas LNG Partners LP (NYSE:DLNG) by 17.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,780 shares of the shipping company’s stock after purchasing 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.