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

StockNews.com began coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a report published on Friday. The brokerage issued a buy rating on the shipping company’s stock.

Dynagas LNG Partners Stock Performance

DLNG opened at $3.49 on Friday. The business has a 50 day simple moving average of $2.98 and a two-hundred day simple moving average of $2.82. The company has a quick ratio of 2.46, a current ratio of 2.83 and a debt-to-equity ratio of 1.30. Dynagas LNG Partners has a one year low of $2.27 and a one year high of $3.84.

Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings results on Thursday, March 28th. The shipping company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.10). The business had revenue of $36.95 million for the quarter, compared to the consensus estimate of $38.21 million. Dynagas LNG Partners had a net margin of 22.35% and a return on equity of 8.22%. As a group, equities research analysts anticipate that Dynagas LNG Partners will post 1.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Dynagas LNG Partners stock. Apollon Wealth Management LLC purchased a new position in Dynagas LNG Partners LP (NYSE:DLNG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,130 shares of the shipping company’s stock, valued at approximately $42,000.

Dynagas LNG Partners Company Profile

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry worldwide. The company owns and operates liquefied natural gas (LNG) carriers. Its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,100 cubic meters. Dynagas GP LLC serves as the general partner of Dynagas LNG Partners LP.