Dynagas LNG Partners (DLNG) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

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Dynagas LNG Partners (NYSE:DLNG) released its quarterly earnings data on Thursday. The shipping company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.06), Morningstar.com reports. Dynagas LNG Partners had a net margin of 7.78% and a return on equity of 9.15%.

DLNG opened at $2.63 on Friday. The company has a debt-to-equity ratio of 3.35, a current ratio of 2.73 and a quick ratio of 2.65. Dynagas LNG Partners has a fifty-two week low of $2.31 and a fifty-two week high of $10.86. The firm has a market cap of $91.65 million, a PE ratio of 3.55 and a beta of 0.90.

An institutional investor recently bought a new position in Dynagas LNG Partners stock. GSA Capital Partners LLP purchased a new position in Dynagas LNG Partners LP (NYSE:DLNG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 69,305 shares of the shipping company’s stock, valued at approximately $234,000. GSA Capital Partners LLP owned 0.20% of Dynagas LNG Partners as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 8.88% of the company’s stock.

Several brokerages have issued reports on DLNG. ValuEngine downgraded Dynagas LNG Partners from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 29th. Zacks Investment Research downgraded Dynagas LNG Partners from a “buy” rating to a “hold” rating in a report on Monday, February 11th. Jefferies Financial Group downgraded Dynagas LNG Partners from a “buy” rating to a “hold” rating and set a $3.00 price target for the company. in a report on Tuesday, January 29th. Finally, B. Riley downgraded Dynagas LNG Partners from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $10.50 to $2.65 in a report on Monday, January 28th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. Dynagas LNG Partners has an average rating of “Hold” and an average target price of $5.83.

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Dynagas LNG Partners Company Profile

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 March 9, 2018, its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.

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Earnings History for Dynagas LNG Partners (NYSE:DLNG)

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