Dynagas LNG Partners LP (NYSE:DLNG)’s share price shot up 7.5% during mid-day trading on Friday . The stock traded as high as $1.93 and last traded at $1.86, 277,087 shares were traded during mid-day trading. An increase of 69% from the average session volume of 163,823 shares. The stock had previously closed at $1.73.
Several brokerages have recently issued reports on DLNG. B. Riley set a $2.30 price objective on shares of Dynagas LNG Partners and gave the stock a “hold” rating in a research note on Friday, September 27th. ValuEngine upgraded shares of Dynagas LNG Partners from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research upgraded shares of Dynagas LNG Partners from a “hold” rating to a “buy” rating and set a $1.50 price objective on the stock in a research note on Monday, September 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $4.01.
The company has a debt-to-equity ratio of 3.71, a quick ratio of 6.06 and a current ratio of 6.06. The stock’s 50 day simple moving average is $1.43 and its two-hundred day simple moving average is $1.71.
Dynagas LNG Partners (NYSE:DLNG) last posted its quarterly earnings results on Thursday, September 26th. The shipping company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.05). Dynagas LNG Partners had a return on equity of 2.40% and a net margin of 1.00%. The business had revenue of $30.82 million for the quarter, compared to analyst estimates of $31.57 million. Equities analysts forecast that Dynagas LNG Partners LP will post 0.1 EPS for the current fiscal year.
An institutional investor recently bought a new position in Dynagas LNG Partners stock. Wiley BROS. Aintree Capital LLC purchased a new position in shares of Dynagas LNG Partners LP (NYSE:DLNG) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 23,255 shares of the shipping company’s stock, valued at approximately $204,000. Wiley BROS. Aintree Capital LLC owned approximately 0.07% of Dynagas LNG Partners at the end of the most recent reporting period. 8.22% of the stock is owned by hedge funds and other institutional investors.
Dynagas LNG Partners Company Profile (NYSE:DLNG)
Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry worldwide. The company owns and operates liquefied natural gas (LNG) carriers. As of March 9, 2018, its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.
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