Dynagas LNG Partners (NYSE:DLNG) Cut to “Buy” at StockNews.com

Dynagas LNG Partners (NYSE:DLNG) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Dynagas LNG Partners Stock Up 7.5 %

NYSE DLNG opened at $4.17 on Friday. The business’s 50-day moving average price is $3.04 and its 200 day moving average price is $2.85. 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 twelve month low of $2.27 and a twelve month high of $4.18.

Dynagas LNG Partners (NYSE:DLNG) last released its earnings results on Thursday, March 28th. The shipping company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $36.95 million during the quarter, compared to analyst estimates of $38.21 million. Research analysts expect that Dynagas LNG Partners will post 1.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Dynagas LNG Partners stock. Apollon Wealth Management LLC acquired a new stake in Dynagas LNG Partners LP (NYSE:DLNG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 15,130 shares of the shipping company’s stock, valued at approximately $42,000.

Dynagas LNG Partners Company Profile

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.