Dynagas LNG Partners (NYSE:DLNG) Issues Earnings Results

Dynagas LNG Partners (NYSE:DLNG) released its quarterly earnings data on Thursday. The shipping company reported $0.32 EPS for the quarter, beating 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 Performance

Shares of DLNG traded up $0.10 during midday trading on Thursday, reaching $3.98. 58,442 shares of the stock were exchanged, compared to its average volume of 103,964. The stock’s 50 day simple moving average is $4.80 and its 200 day simple moving average is $4.31. The company has a market cap of $146.47 million, a P/E ratio of 4.15 and a beta of 1.36. Dynagas LNG Partners has a twelve month low of $2.27 and a twelve month high of $5.65. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95.

Dynagas LNG Partners Dividend Announcement

The company 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 4.92%. The ex-dividend date was Monday, February 24th. Dynagas LNG Partners’s dividend payout ratio is 19.79%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Dynagas LNG Partners from a “strong-buy” rating to a “buy” rating in a report 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.