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 note issued to investors on Tuesday morning. The firm issued a strong-buy rating on the shipping company’s stock.

Dynagas LNG Partners Stock Down 3.8 %

NYSE DLNG opened at $4.59 on Tuesday. The company has a market cap of $168.91 million, a price-to-earnings ratio of 4.78 and a beta of 1.37. Dynagas LNG Partners has a 1-year low of $2.27 and a 1-year high of $4.85. The company has a current ratio of 1.68, a quick ratio of 0.69 and a debt-to-equity ratio of 0.95. The company has a 50 day moving average of $3.98 and a 200-day moving average of $3.89.

Dynagas LNG Partners (NYSE:DLNG) last released its earnings results on Tuesday, September 10th. The shipping company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). Dynagas LNG Partners had a net margin of 31.63% and a return on equity of 14.73%. The company had revenue of $37.62 million for the quarter, compared to the consensus estimate of $37.92 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. On average, equities research analysts expect that Dynagas LNG Partners will post 1.05 earnings per share for the current fiscal year.

Dynagas LNG Partners Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 9th will be issued a $0.049 dividend. This represents a $0.20 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend is Monday, December 9th.

Institutional Trading of Dynagas LNG Partners

Large investors have recently made changes to their positions in the company. FMR LLC raised its position in Dynagas LNG Partners by 26.1% during the third quarter. FMR LLC now owns 1,280,800 shares of the shipping company’s stock valued at $4,854,000 after purchasing an additional 265,337 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Dynagas LNG Partners by 158.8% during the 3rd quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company’s stock worth $145,000 after buying an additional 23,500 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its position in shares of Dynagas LNG Partners by 17.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company’s stock worth $67,000 after buying an additional 2,650 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.