StockNews.com Lowers Dynagas LNG Partners (NYSE:DLNG) to Buy

Posted by Caroline Horne on May 7th, 2024

StockNews.com cut shares of Dynagas LNG Partners (NYSE:DLNG – Free Report) from a strong-buy rating to a buy rating in a report published on Saturday.

Dynagas LNG Partners Stock Down 5.1 %

Shares of DLNG stock opened at $3.93 on Friday. The stock’s fifty day simple moving average is $3.09 and its 200 day simple moving average is $2.88. Dynagas LNG Partners has a one year low of $2.27 and a one year high of $4.18.

Dynagas LNG Partners (NYSE:DLNG – Get Free Report) last announced its quarterly earnings results on Thursday, March 28th. The shipping company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.10). The company had revenue of $36.95 million during the quarter, compared to analyst estimates of $38.21 million. Dynagas LNG Partners had a net margin of 22.35% and a return on equity of 8.22%. Equities research analysts expect that Dynagas LNG Partners will post 1.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Dynagas LNG Partners

An institutional investor recently bought a new position in Dynagas LNG Partners stock. Apollon Wealth Management LLC acquired a new position in Dynagas LNG Partners LP (NYSE:DLNG – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,130 shares of the shipping company’s stock, valued at approximately $42,000.

Dynagas LNG Partners Company Profile

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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.