Dynagas LNG Partners (NYSE:DLNG) Downgraded by StockNews.com to Buy

Dynagas LNG Partners (NYSE:DLNG) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.

Dynagas LNG Partners Price Performance

Shares of DLNG stock opened at $4.21 on Thursday. Dynagas LNG Partners has a 52-week low of $2.27 and a 52-week high of $5.65. The stock has a market cap of $154.89 million, a PE ratio of 4.38 and a beta of 1.36. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.68 and a current ratio of 1.68. The firm’s 50 day moving average price is $4.93 and its two-hundred day moving average price is $4.29.

Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly earnings data on Friday, November 22nd. The shipping company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. Dynagas LNG Partners had a net margin of 31.63% and a return on equity of 14.73%. As a group, analysts forecast that Dynagas LNG Partners will post 1.08 EPS for the current year.

Institutional Investors Weigh In On Dynagas LNG Partners

Several hedge funds have recently bought and sold shares of the company. Apollon Wealth Management LLC raised its holdings 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 worth $67,000 after purchasing an additional 2,650 shares during the period. NewEdge Advisors LLC raised its holdings in Dynagas LNG Partners by 36.2% in the fourth quarter. NewEdge Advisors LLC now owns 18,390 shares of the shipping company’s stock worth $100,000 after purchasing an additional 4,884 shares during the period. Sei Investments Co. acquired a new stake in Dynagas LNG Partners in the fourth quarter worth $75,000. Stifel Financial Corp raised its holdings in Dynagas LNG Partners by 158.8% in the third quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company’s stock worth $145,000 after purchasing an additional 23,500 shares during the period. Finally, FMR LLC raised its holdings in Dynagas LNG Partners by 26.1% in the third quarter. FMR LLC now owns 1,280,800 shares of the shipping company’s stock worth $4,854,000 after purchasing an additional 265,337 shares during the period.

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.