Dynagas LNG Partners (NYSE:DLNG) Earns Strong-Buy Rating from Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a research report issued to clients and investors on Sunday. The firm set a “strong-buy” rating on the shipping company’s stock.

Dynagas LNG Partners Stock Performance

NYSE:DLNG opened at $4.08 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.89. The company has a 50-day moving average of $3.82 and a 200-day moving average of $3.85. Dynagas LNG Partners has a twelve month low of $2.27 and a twelve month high of $4.24. The firm has a market cap of $150.14 million, a price-to-earnings ratio of 6.80 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 earnings per share (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 return on equity of 11.77% and a net margin of 21.27%. During the same quarter last year, the firm posted $0.08 EPS. 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 lifted its holdings in Dynagas LNG Partners LP (NYSE:DLNG) by 17.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,780 shares of the shipping company’s stock after buying an additional 2,650 shares during the period. Apollon Wealth Management LLC’s holdings in Dynagas LNG Partners were worth $67,000 as of its most recent SEC filing.

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.