Dynagas LNG Partners (NYSE:DLNG) Stock Rating Upgraded by StockNews.com

Dynagas LNG Partners (NYSE:DLNG) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Monday.

Dynagas LNG Partners Stock Performance

DLNG opened at $3.86 on Monday. Dynagas LNG Partners has a 12-month low of $3.18 and a 12-month high of $5.65. The stock has a market cap of $141.98 million, a price-to-earnings ratio of 4.02 and a beta of 0.77. The business has a 50 day moving average of $3.65 and a 200-day moving average of $4.26. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95.

Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings results on Thursday, March 6th. The shipping company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.04. The firm had revenue of $41.66 million for the quarter, compared to analysts’ expectations of $38.34 million. Dynagas LNG Partners had a net margin of 31.63% and a return on equity of 14.73%. On average, equities research analysts expect that Dynagas LNG Partners will post 1.08 earnings per share for the current year.

Institutional Trading of Dynagas LNG Partners

Institutional investors have recently modified their holdings of the stock. Sei Investments Co. acquired a new position in Dynagas LNG Partners during the fourth quarter valued at approximately $75,000. Exchange Traded Concepts LLC boosted its stake in shares of Dynagas LNG Partners by 377.3% during the first quarter. Exchange Traded Concepts LLC now owns 13,837 shares of the shipping company’s stock valued at $52,000 after purchasing an additional 10,938 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in Dynagas LNG Partners by 36.2% during the 4th quarter. NewEdge Advisors LLC now owns 18,390 shares of the shipping company’s stock worth $100,000 after purchasing an additional 4,884 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.