StockNews.com Initiates Coverage on Dynagas LNG Partners (NYSE:DLNG)

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

Dynagas LNG Partners Stock Performance

Dynagas LNG Partners stock opened at $3.79 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.70 and a quick ratio of 0.69. Dynagas LNG Partners has a 12 month low of $2.27 and a 12 month high of $4.24. The company has a fifty day moving average price of $3.80 and a two-hundred day moving average price of $3.82. The company has a market cap of $139.46 million, a PE ratio of 6.32 and a beta of 1.37.

Dynagas LNG Partners (NYSE:DLNG) last posted its quarterly 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). 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 11.77%. During the same period last year, the firm posted $0.08 earnings per share. Research analysts expect that Dynagas LNG Partners will post 1.05 earnings per share 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.