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

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

Dynagas LNG Partners Stock Performance

DLNG stock opened at $4.39 on Monday. The stock’s 50 day simple moving average is $3.88 and its 200 day simple moving average is $3.87. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.89. Dynagas LNG Partners has a 12-month low of $2.27 and a 12-month high of $4.63. The stock has a market capitalization of $161.55 million, a PE ratio of 7.32 and a beta of 1.37.

Dynagas LNG Partners (NYSE:DLNG) last announced 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). The business had revenue of $37.62 million for the quarter, compared to the consensus estimate of $37.92 million. Dynagas LNG Partners had a net margin of 21.27% and a return on equity of 11.77%. During the same period in the previous year, the company earned $0.08 earnings per share. As a group, research analysts forecast that Dynagas LNG Partners will post 1.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dynagas LNG Partners

A number of large investors have recently made changes to their positions in DLNG. Apollon Wealth Management LLC lifted its position in Dynagas LNG Partners by 17.5% during 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 in the last quarter. Stifel Financial Corp grew its stake 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 acquiring an additional 23,500 shares during the period. 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 acquiring an additional 265,337 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.