Dynagas LNG Partners (NYSE:DLNG) Shares Pass Above Fifty Day Moving Average – Here’s Why

Dynagas LNG Partners LP (NYSE:DLNG) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $3.63 and traded as high as $3.92. Dynagas LNG Partners shares last traded at $3.87, with a volume of 59,454 shares.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DLNG. Weiss Ratings downgraded Dynagas LNG Partners from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 9th. Wall Street Zen upgraded shares of Dynagas LNG Partners from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Dynagas LNG Partners Price Performance

The firm has a fifty day moving average of $3.63 and a 200 day moving average of $3.85. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $140.95 million, a P/E ratio of 2.55 and a beta of 0.53.

Dynagas LNG Partners (NYSE:DLNG) last posted its earnings results on Friday, May 29th. The shipping company reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. Dynagas LNG Partners had a net margin of 41.60% and a return on equity of 13.59%. The business had revenue of $39.94 million for the quarter, compared to analysts’ expectations of $36.92 million.

Dynagas LNG Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 24th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, August 24th. This represents a $0.20 dividend on an annualized basis and a yield of 5.2%. Dynagas LNG Partners’s dividend payout ratio is 13.16%.

Institutional Investors Weigh In On Dynagas LNG Partners

A number of large investors have recently added to or reduced their stakes in DLNG. Coppell Advisory Solutions LLC bought a new position in shares of Dynagas LNG Partners during the 2nd quarter valued at $35,000. Sei Investments Co. grew its holdings in shares of Dynagas LNG Partners by 307.3% in the first quarter. Sei Investments Co. now owns 56,071 shares of the shipping company’s stock worth $240,000 after acquiring an additional 42,306 shares during the period. IMC Chicago LLC purchased a new stake in Dynagas LNG Partners during the first quarter valued at $51,000. Virtu Financial LLC purchased a new stake in Dynagas LNG Partners during the fourth quarter valued at $100,000. Finally, XTX Topco Ltd bought a new position in Dynagas LNG Partners in the fourth quarter valued at about $57,000.

Dynagas LNG Partners Company Profile

Dynagas LNG Partners LP is a publicly traded limited partnership focused on the ownership and operation of liquefied natural gas (LNG) carriers. The partnership provides seaborne transportation services under long-term, fixed-rate charters, catering primarily to major energy companies and utility providers. Its vessels are designed to carry LNG at cryogenic temperatures, enabling large-scale cargo movements between exporting and importing regions worldwide.

The fleet comprises modern membrane-type LNG carriers built to high engineering and environmental standards.