Dynagas LNG Partners (NYSE:DLNG) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Dynagas LNG Partners (NYSE:DLNG) in a report released on Friday. The firm set a “buy” rating on the shipping company’s stock.

Dynagas LNG Partners Trading Down 3.7 %

Shares of DLNG stock opened at $3.42 on Friday. The company has a current ratio of 2.83, a quick ratio of 2.46 and a debt-to-equity ratio of 1.30. Dynagas LNG Partners has a 1 year low of $2.27 and a 1 year high of $3.84. The stock has a fifty day moving average of $2.97 and a two-hundred day moving average of $2.81.

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

Institutional Trading of Dynagas LNG Partners

A hedge fund recently bought a new stake in Dynagas LNG Partners stock. Apollon Wealth Management LLC acquired a new stake in Dynagas LNG Partners LP (NYSE:DLNG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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.