StockNews.com Initiates Coverage on Dynagas LNG Partners (NYSE:DLNG)

StockNews.com initiated coverage on shares of Dynagas LNG Partners (NYSE:DLNG - Free Report) in a report issued on Saturday. The brokerage issued a strong-buy rating on the shipping company's stock.

Dynagas LNG Partners Stock Performance

Shares of DLNG traded up $0.04 during midday trading on Friday, reaching $3.81. 7,693 shares of the stock were exchanged, compared to its average volume of 38,560. Dynagas LNG Partners has a twelve month low of $2.27 and a twelve month high of $4.24. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.70 and a quick ratio of 0.69. The company has a market capitalization of $140.22 million, a price-to-earnings ratio of 6.35 and a beta of 1.37. The business's 50-day moving average price is $3.80 and its 200 day moving average price is $3.82.

Dynagas LNG Partners (NYSE:DLNG - Get Free Report) last released its quarterly earnings results on Tuesday, September 10th. The shipping company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $37.62 million for the quarter, compared to analysts' expectations of $37.92 million. During the same quarter in the prior year, the business earned $0.08 EPS. On average, sell-side analysts expect that Dynagas LNG Partners 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.