Dynagas LNG Partners (NYSE:DLNG) Raised to Strong-Buy at StockNews.com

Dynagas LNG Partners (NYSE:DLNG) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Wednesday.

Dynagas LNG Partners Trading Up 0.2 %

Shares of NYSE DLNG opened at $4.36 on Wednesday. Dynagas LNG Partners has a 1 year low of $2.27 and a 1 year high of $5.65. The stock has a market cap of $160.45 million, a P/E ratio of 4.54 and a beta of 1.36. The firm has a 50-day moving average of $4.94 and a 200 day moving average of $4.28. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68.

Dynagas LNG Partners (NYSE:DLNG) last issued its quarterly earnings results on Friday, November 22nd. The shipping company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. Dynagas LNG Partners had a net margin of 31.63% and a return on equity of 14.73%. As a group, sell-side analysts expect that Dynagas LNG Partners will post 1.08 EPS for the current fiscal year.

Institutional Trading of Dynagas LNG Partners

A number of institutional investors and hedge funds have recently bought and sold shares of DLNG. Apollon Wealth Management LLC increased its stake in 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 valued at $67,000 after purchasing an additional 2,650 shares in the last quarter. Sei Investments Co. bought a new stake in Dynagas LNG Partners during the 4th quarter valued at about $75,000. NewEdge Advisors LLC increased its stake 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 valued at $100,000 after purchasing an additional 4,884 shares in the last quarter. Stifel Financial Corp increased its stake in Dynagas LNG Partners by 158.8% during the 3rd quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company’s stock valued at $145,000 after purchasing an additional 23,500 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Dynagas LNG Partners by 26.1% in the third quarter. FMR LLC now owns 1,280,800 shares of the shipping company’s stock worth $4,854,000 after acquiring an additional 265,337 shares during the period.

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.