Dynagas LNG Partners (NYSE:DLNG) Now Covered by StockNews.com

StockNews.com began coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a research note released on Monday morning. The brokerage issued a strong-buy rating on the shipping company’s stock.

Dynagas LNG Partners Stock Up 10.0 %

Dynagas LNG Partners stock opened at $4.61 on Monday. The business has a fifty day moving average price of $3.87 and a 200-day moving average price of $3.87. Dynagas LNG Partners has a 1-year low of $2.27 and a 1-year high of $4.61. The stock has a market capitalization of $169.66 million, a price-to-earnings ratio of 7.68 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 (NYSE:DLNG) last issued its quarterly earnings results on Tuesday, September 10th. The shipping company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The business had revenue of $37.62 million for the quarter, compared to analysts’ expectations of $37.92 million. Dynagas LNG Partners had a return on equity of 11.77% and a net margin of 21.27%. During the same quarter in the previous year, the firm posted $0.08 EPS. Equities research analysts forecast that Dynagas LNG Partners will post 1.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Dynagas LNG Partners

Several hedge funds have recently made changes to their positions in the company. Apollon Wealth Management LLC grew its stake in Dynagas LNG Partners by 17.5% during the 3rd 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 last quarter. Stifel Financial Corp boosted its position in Dynagas LNG Partners by 158.8% in the third 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 during the last quarter. Finally, FMR LLC increased its holdings 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 buying an additional 265,337 shares during the period.

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.