Dynagas LNG Partners (NYSE:DLNG) Shares Cross Above 50-Day Moving Average of $3.05

Dynagas LNG Partners LP (NYSE:DLNGGet Rating) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $3.05 and traded as high as $3.10. Dynagas LNG Partners shares last traded at $3.05, with a volume of 80,896 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Dynagas LNG Partners from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 1st.

Dynagas LNG Partners Price Performance

The stock’s fifty day moving average price is $3.05 and its two-hundred day moving average price is $3.37. The company has a current ratio of 5.30, a quick ratio of 5.30 and a debt-to-equity ratio of 1.90. The firm has a market capitalization of $112.36 million, a price-to-earnings ratio of 2.18 and a beta of 1.61.

Dynagas LNG Partners (NYSE:DLNGGet Rating) last announced its quarterly earnings results on Thursday, September 22nd. The shipping company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. Dynagas LNG Partners had a net margin of 46.17% and a return on equity of 14.84%. The firm had revenue of $33.42 million for the quarter, compared to analyst estimates of $32.31 million. Equities research analysts expect that Dynagas LNG Partners LP will post 0.67 EPS for the current year.

Institutional Investors Weigh In On Dynagas LNG Partners

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Group AG raised its stake in Dynagas LNG Partners by 110.1% during the 2nd quarter. UBS Group AG now owns 91,594 shares of the shipping company’s stock worth $303,000 after acquiring an additional 48,000 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in Dynagas LNG Partners by 117.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 86,176 shares of the shipping company’s stock worth $285,000 after purchasing an additional 46,511 shares during the last quarter. Vanguard Capital Wealth Advisors grew its position in Dynagas LNG Partners by 40.7% during the 2nd quarter. Vanguard Capital Wealth Advisors now owns 61,633 shares of the shipping company’s stock worth $204,000 after purchasing an additional 17,815 shares during the last quarter. Summit X LLC purchased a new position in Dynagas LNG Partners during the 3rd quarter worth $70,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Dynagas LNG Partners during the 2nd quarter worth $35,000. 7.77% of the stock is currently owned by institutional investors and hedge funds.

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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