Dynagas LNG Partners (NYSE:DLNG) Upgraded to Strong-Buy by StockNews.com

Dynagas LNG Partners (NYSE:DLNGGet Rating) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday.

Separately, Jefferies Financial Group began coverage on Dynagas LNG Partners in a research report on Wednesday, April 27th. They issued a “hold” rating for the company.

Dynagas LNG Partners Stock Performance

NYSE:DLNG opened at $3.40 on Thursday. The stock has a market capitalization of $125.25 million, a price-to-earnings ratio of 2.52 and a beta of 1.67. The firm has a fifty day simple moving average of $3.52 and a two-hundred day simple moving average of $3.34. The company has a current ratio of 4.69, a quick ratio of 4.69 and a debt-to-equity ratio of 2.00. Dynagas LNG Partners has a 12 month low of $2.55 and a 12 month high of $4.49.

Dynagas LNG Partners (NYSE:DLNGGet Rating) last announced its quarterly earnings results on Monday, June 27th. The shipping company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. Dynagas LNG Partners had a return on equity of 16.13% and a net margin of 44.55%. During the same period last year, the company earned $0.21 EPS. Analysts expect that Dynagas LNG Partners will post 0.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DLNG. Vanguard Capital Wealth Advisors bought a new position in shares of Dynagas LNG Partners in the first quarter worth about $175,000. UBS Group AG grew its holdings in Dynagas LNG Partners by 60.3% during the 1st quarter. UBS Group AG now owns 43,594 shares of the shipping company’s stock valued at $175,000 after buying an additional 16,400 shares in the last quarter. BNP Paribas Arbitrage SA bought a new stake in shares of Dynagas LNG Partners during the first quarter valued at approximately $159,000. Finally, Citigroup Inc. purchased a new position in shares of Dynagas LNG Partners in the first quarter worth $34,000. 21.11% of the stock is currently owned by institutional investors.

Dynagas LNG Partners Company Profile

(Get Rating)

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry worldwide. The company owns and operates liquefied natural gas (LNG) carriers. As of April 29, 2022, its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,100 cubic meters.

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