Dynagas LNG Partners (NYSE:DLNG – Get Free Report) issued its quarterly earnings data on Thursday. The shipping company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.05), Zacks reports. Dynagas LNG Partners had a net margin of 23.58% and a return on equity of 9.98%. The company had revenue of $38.06 million during the quarter, compared to the consensus estimate of $37.92 million. During the same period in the previous year, the business posted $0.10 earnings per share.
Dynagas LNG Partners Stock Up 3.1 %
DLNG opened at $4.03 on Friday. The stock’s 50 day moving average price is $3.89 and its two-hundred day moving average price is $3.24. Dynagas LNG Partners has a 12-month low of $2.27 and a 12-month high of $4.24.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered Dynagas LNG Partners from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 4th.
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.
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