Dynagas LNG Partners (NYSE:DLNG) Shares Pass Above 50 Day Moving Average – Here’s Why

Dynagas LNG Partners LP (NYSE:DLNG) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $3.71 and traded as high as $3.73. Dynagas LNG Partners shares last traded at $3.63, with a volume of 28,540 shares.

Analysts Set New Price Targets

DLNG has been the topic of several recent analyst reports. 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. Weiss Ratings downgraded shares of Dynagas LNG Partners from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Dynagas LNG Partners Stock Performance

The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 0.64. The stock has a fifty day moving average of $3.71 and a 200-day moving average of $3.88. The stock has a market cap of $132.20 million, a PE ratio of 2.39 and a beta of 0.53.

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

Dynagas LNG Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 18th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Monday, May 18th. Dynagas LNG Partners’s dividend payout ratio (DPR) is presently 13.16%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. IMC Chicago LLC purchased a new stake in shares of Dynagas LNG Partners in the first quarter valued at $51,000. XTX Topco Ltd purchased a new stake in Dynagas LNG Partners during the 4th quarter worth about $57,000. Diversified Enterprises LLC purchased a new stake in Dynagas LNG Partners during the 4th quarter worth about $81,000. Geneos Wealth Management Inc. raised its stake in Dynagas LNG Partners by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 43,036 shares of the shipping company’s stock valued at $151,000 after purchasing an additional 21,518 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Dynagas LNG Partners in the 4th quarter valued at about $100,000.

About Dynagas LNG Partners

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.