Dynagas LNG Partners (NYSE:DLNG) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Dynagas LNG Partners (NYSE:DLNG) issued its quarterly earnings data on Thursday. The shipping company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.28 by $0.04, Zacks reports. Dynagas LNG Partners had a net margin of 31.63% and a return on equity of 14.73%.

Dynagas LNG Partners Stock Up 4.5 %

Shares of NYSE DLNG traded up $0.18 on Thursday, reaching $4.06. 37,405 shares of the company’s stock traded hands, compared to its average volume of 103,403. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95. The business’s 50 day simple moving average is $4.80 and its two-hundred day simple moving average is $4.31. Dynagas LNG Partners has a 12 month low of $2.27 and a 12 month high of $5.65. The company has a market cap of $149.23 million, a price-to-earnings ratio of 4.22 and a beta of 1.36.

Dynagas LNG Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Monday, February 24th were issued a $0.049 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date was Monday, February 24th. Dynagas LNG Partners’s dividend payout ratio (DPR) is presently 19.79%.

Analyst Ratings Changes

Separately, StockNews.com cut Dynagas LNG Partners from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 20th.

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.