Dynagas LNG Partners (NYSE:DLNG) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a research note issued on Friday. The brokerage set a “strong-buy” rating on the shipping company’s stock.

Dynagas LNG Partners Price Performance

Dynagas LNG Partners stock opened at $3.87 on Friday. The stock has a market cap of $142.42 million, a price-to-earnings ratio of 5.45 and a beta of 1.37. 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 1 year low of $2.27 and a 1 year high of $4.24. The firm has a 50-day moving average of $3.79 and a two-hundred day moving average of $3.80.

Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings data 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). Dynagas LNG Partners had a net margin of 21.27% and a return on equity of 11.77%. The company had revenue of $37.62 million during the quarter, compared to analysts’ expectations of $37.92 million. During the same period last year, the firm earned $0.08 earnings per share. On average, research analysts forecast that Dynagas LNG Partners will post 1.05 earnings per share for the current 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.