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

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

Dynagas LNG Partners Stock Up 5.6 %

DLNG stock opened at $4.73 on Tuesday. The company has a market capitalization of $174.06 million, a P/E ratio of 4.93 and a beta of 1.37. Dynagas LNG Partners has a 12 month low of $2.27 and a 12 month high of $4.80. The firm’s fifty day simple moving average is $3.94 and its 200-day simple moving average is $3.88. 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 (NYSE:DLNG) last announced its quarterly 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). The company had revenue of $37.62 million for the quarter, compared to analysts’ expectations of $37.92 million. Dynagas LNG Partners had a net margin of 31.63% and a return on equity of 15.03%. During the same quarter in the prior year, the business posted $0.08 earnings per share. As a group, equities research analysts forecast that Dynagas LNG Partners will post 1.05 earnings per share for the current year.

Hedge Funds Weigh In On Dynagas LNG Partners

A number of large investors have recently bought and sold shares of the business. Apollon Wealth Management LLC grew its holdings in Dynagas LNG Partners by 17.5% in the third quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company’s stock valued at $67,000 after purchasing an additional 2,650 shares during the period. FMR LLC raised its stake in shares of Dynagas LNG Partners by 26.1% during the 3rd quarter. FMR LLC now owns 1,280,800 shares of the shipping company’s stock worth $4,854,000 after buying an additional 265,337 shares during the period. Finally, Stifel Financial Corp lifted its position in shares of Dynagas LNG Partners by 158.8% during the 3rd quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company’s stock valued at $145,000 after buying an additional 23,500 shares in the last quarter.

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.