StockNews.com Initiates Coverage on Dynagas LNG Partners (NYSE:DLNG)

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

Dynagas LNG Partners Trading Down 3.8 %

Shares of Dynagas LNG Partners stock opened at $4.59 on Tuesday. Dynagas LNG Partners has a twelve month low of $2.27 and a twelve month high of $4.85. The company has a quick ratio of 0.69, a current ratio of 1.68 and a debt-to-equity ratio of 0.95. The business has a 50-day moving average price of $3.96 and a 200-day moving average price of $3.89. The firm has a market cap of $168.91 million, a price-to-earnings ratio of 4.75 and a beta of 1.37.

Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings results on Tuesday, September 10th. The shipping company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.03). The firm had revenue of $37.62 million for the quarter, compared to analysts’ expectations of $37.92 million. Dynagas LNG Partners had a net margin of 31.63% and a return on equity of 14.73%. During the same quarter in the prior year, the business earned $0.08 EPS. Equities research analysts anticipate that Dynagas LNG Partners will post 1.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DLNG. Apollon Wealth Management LLC lifted its stake in shares of Dynagas LNG Partners by 17.5% in 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 lifted 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 worth $145,000 after buying an additional 23,500 shares during the last quarter. Finally, FMR LLC lifted its position in Dynagas LNG Partners by 26.1% in the third 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 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.