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

StockNews.com started coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a research report released on Friday morning. The brokerage issued a buy rating on the shipping company’s stock.

Dynagas LNG Partners Trading Up 9.0 %

Shares of Dynagas LNG Partners stock opened at $3.83 on Friday. The company has a fifty day simple moving average of $2.99 and a 200-day simple moving average of $2.82. Dynagas LNG Partners has a 12-month low of $2.27 and a 12-month high of $3.87. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.46 and a current ratio of 2.83.

Dynagas LNG Partners (NYSE:DLNG) last issued its quarterly earnings results on Thursday, March 28th. The shipping company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.10). The business had revenue of $36.95 million for the quarter, compared to analyst estimates of $38.21 million. Dynagas LNG Partners had a return on equity of 8.22% and a net margin of 22.35%. As a group, equities analysts expect that Dynagas LNG Partners will post 1.22 earnings per share for the current year.

Institutional Trading of Dynagas LNG Partners

A hedge fund recently bought a new stake in Dynagas LNG Partners stock. Apollon Wealth Management LLC bought a new stake in Dynagas LNG Partners LP (NYSE:DLNG) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,130 shares of the shipping company’s stock, valued at approximately $42,000.

About Dynagas LNG Partners

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry worldwide. The company owns and operates liquefied natural gas (LNG) carriers. Its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,100 cubic meters. Dynagas GP LLC serves as the general partner of Dynagas LNG Partners LP.