Dynagas LNG Partners (NYSE:DLNG) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Dynagas LNG Partners LP (NYSE:DLNG) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $3.79 and traded as high as $3.91. Dynagas LNG Partners shares last traded at $3.88, with a volume of 23,779 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Dynagas LNG Partners in a research note on Friday. They set a “strong-buy” rating on the stock.

Dynagas LNG Partners Stock Performance

The company has a market capitalization of $142.78 million, a price-to-earnings ratio of 5.46 and a beta of 1.37. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.69 and a current ratio of 0.70. The firm has a 50-day simple moving average of $3.79 and a two-hundred day simple moving average of $3.79.

Dynagas LNG Partners (NYSE:DLNG) last announced its earnings results on Tuesday, September 10th. The shipping company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.03). Dynagas LNG Partners had a return on equity of 11.77% and a net margin of 21.27%. The business had revenue of $37.62 million for the quarter, compared to analysts’ expectations of $37.92 million. During the same period in the previous year, the company earned $0.08 earnings per share. On average, sell-side analysts anticipate that Dynagas LNG Partners LP will post 1.05 EPS for the current fiscal year.

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.