Dynagas LNG Partners (NYSE:DLNG) Stock Rating Lowered by StockNews.com

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

Dynagas LNG Partners Price Performance

NYSE:DLNG opened at $4.14 on Friday. The company has a quick ratio of 2.46, a current ratio of 2.83 and a debt-to-equity ratio of 1.30. Dynagas LNG Partners has a 1-year low of $2.27 and a 1-year high of $4.18. The company has a 50-day moving average of $3.07 and a 200 day moving average of $2.87.

Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings data on Thursday, March 28th. The shipping company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.10). The business had revenue of $36.95 million for the quarter, compared to the consensus estimate of $38.21 million. Dynagas LNG Partners had a net margin of 22.35% and a return on equity of 8.22%. Research analysts anticipate that Dynagas LNG Partners will post 1.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Dynagas LNG Partners

An institutional investor recently bought a new position in Dynagas LNG Partners stock. Apollon Wealth Management LLC purchased a new stake in shares of Dynagas LNG Partners LP (NYSE:DLNG) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 15,130 shares of the shipping company’s stock, valued at approximately $42,000.

About Dynagas LNG Partners

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.