Analysts at StockNews.com initiated coverage on shares of Dynagas LNG Partners (NYSE:DLNG - Get Free Report) in a report issued on Tuesday. The brokerage set a "strong-buy" rating on the shipping company's stock.
Dynagas LNG Partners Stock Down 0.6 %
Shares of DLNG traded down $0.03 during trading hours on Tuesday, hitting $4.77. The company had a trading volume of 130,157 shares, compared to its average volume of 40,268. The firm has a fifty day moving average price of $3.94 and a 200-day moving average price of $3.88. 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 stock has a market capitalization of $175.54 million, a price-to-earnings ratio of 4.99 and a beta of 1.37. Dynagas LNG Partners has a 52-week low of $2.27 and a 52-week high of $4.85.
Dynagas LNG Partners (NYSE:DLNG - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $37.92 million. Dynagas LNG Partners had a return on equity of 15.03% and a net margin of 31.63%. During the same quarter in the previous year, the business posted $0.08 earnings per share. On average, equities research analysts forecast that Dynagas LNG Partners will post 1.05 EPS for the current fiscal year.
Institutional Investors Weigh In On Dynagas LNG Partners
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Apollon Wealth Management LLC increased its holdings in Dynagas LNG Partners by 17.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company's stock worth $67,000 after acquiring an additional 2,650 shares in the last quarter. Stifel Financial Corp boosted its stake in Dynagas LNG Partners by 158.8% in the 3rd quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company's stock worth $145,000 after purchasing an additional 23,500 shares during the period. Finally, FMR LLC boosted its stake in Dynagas LNG Partners by 26.1% in the 3rd quarter. FMR LLC now owns 1,280,800 shares of the shipping company's stock worth $4,854,000 after purchasing an additional 265,337 shares during the period.
About Dynagas LNG Partners
(
Get Free Report)
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.
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