Dynagas LNG Partners (NYSE:DLNG) Shares Cross Below Fifty Day Moving Average – What’s Next?

Shares of Dynagas LNG Partners LP (NYSE:DLNG) passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $3.74 and traded as low as $3.53. Dynagas LNG Partners shares last traded at $3.81, with a volume of 246,019 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wall Street Zen raised shares of Dynagas LNG Partners to a “buy” rating in a research report on Saturday, September 19th. Weiss Ratings downgraded Dynagas LNG Partners from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Dynagas LNG Partners Stock Down 2.8%

The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.64. The stock’s 50-day moving average price is $3.75 and its 200-day moving average price is $3.80. The company has a market cap of $138.43 million, a P/E ratio of 2.26 and a beta of 0.54.

Dynagas LNG Partners (NYSE:DLNG) last posted its quarterly earnings data on Monday, September 7th. The shipping company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.11. Dynagas LNG Partners had a net margin of 42.33% and a return on equity of 13.05%. The firm had revenue of $41.19 million for the quarter, compared to the consensus estimate of $36.31 million.

Dynagas LNG Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Monday, August 24th. Dynagas LNG Partners’s dividend payout ratio (DPR) is 11.90%.

Hedge Funds Weigh In On Dynagas LNG Partners

Institutional investors have recently modified their holdings of the company. Coppell Advisory Solutions LLC bought a new stake in shares of Dynagas LNG Partners in the 2nd quarter worth $35,000. IMC Chicago LLC bought a new position in shares of Dynagas LNG Partners during the first quarter valued at $51,000. Finally, Sei Investments Co. boosted its position in shares of Dynagas LNG Partners by 307.3% during the first quarter. Sei Investments Co. now owns 56,071 shares of the shipping company’s stock valued at $240,000 after buying an additional 42,306 shares during the last quarter.

Dynagas LNG Partners Company Profile

Dynagas LNG Partners LP is a maritime transportation company focused on owning and operating liquefied natural gas (LNG) carriers. The company’s vessels transport LNG for energy producers, utilities and other customers under primarily long-term charter arrangements, providing seaborne transportation between LNG production and consumption markets.

The partnership has been associated with a fleet of modern LNG carriers, including ice-class vessels designed to operate in challenging Arctic and sub-Arctic conditions.