Research analysts at StockNews.com started coverage on shares of Dynagas LNG Partners (NYSE:DLNG – Get Free Report) in a research note issued on Thursday. The brokerage set a “strong-buy” rating on the shipping company’s stock.
Dynagas LNG Partners Stock Performance
Shares of DLNG stock traded down $0.01 during midday trading on Thursday, hitting $3.81. The company had a trading volume of 11,714 shares, compared to its average volume of 39,409. The stock has a market cap of $140.21 million, a price-to-earnings ratio of 5.37 and a beta of 1.37. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.70 and a quick ratio of 0.69. The company’s 50 day simple moving average is $3.77 and its 200 day simple moving average is $3.76. Dynagas LNG Partners has a 52-week low of $2.27 and a 52-week high of $4.24.
Dynagas LNG Partners (NYSE:DLNG – Get Free Report) last announced its quarterly earnings data on Tuesday, September 10th. The shipping company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03). Dynagas LNG Partners had a net margin of 21.27% and a return on equity of 11.77%. The firm had revenue of $37.62 million during the quarter, compared to analyst estimates of $37.92 million. During the same period in the prior year, the firm posted $0.08 earnings per share. Research analysts anticipate that Dynagas LNG Partners will post 1.05 earnings per share for the current fiscal year.
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.
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