Dynagas LNG Partners (NYSE:DLNG) Trading Up 7.5%

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Dynagas LNG Partners LP (NYSE:DLNG)’s stock price was up 7.5% on Friday . The stock traded as high as $1.93 and last traded at $1.86, approximately 277,087 shares traded hands during trading. An increase of 69% from the average daily volume of 163,823 shares. The stock had previously closed at $1.73.

Several analysts have weighed in on DLNG shares. ValuEngine raised Dynagas LNG Partners from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research raised Dynagas LNG Partners from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a report on Monday, September 23rd. Finally, B. Riley set a $2.30 price objective on Dynagas LNG Partners and gave the stock a “hold” rating in a report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Dynagas LNG Partners presently has an average rating of “Hold” and a consensus price target of $4.01.

The company has a 50-day moving average price of $1.43 and a 200-day moving average price of $1.71. The company has a current ratio of 6.06, a quick ratio of 6.06 and a debt-to-equity ratio of 3.71.

Dynagas LNG Partners (NYSE:DLNG) last posted its earnings results on Thursday, September 26th. The shipping company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.05). The company had revenue of $30.82 million for the quarter, compared to analyst estimates of $31.57 million. Dynagas LNG Partners had a return on equity of 2.40% and a net margin of 1.00%. Equities research analysts predict that Dynagas LNG Partners LP will post 0.1 earnings per share for the current fiscal year.

A hedge fund recently bought a new stake in Dynagas LNG Partners stock. LPL Financial LLC bought a new position in shares of Dynagas LNG Partners LP (NYSE:DLNG) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 20,481 shares of the shipping company’s stock, valued at approximately $30,000. LPL Financial LLC owned 0.06% of Dynagas LNG Partners at the end of the most recent quarter. Institutional investors own 8.22% of the company’s stock.

About Dynagas LNG Partners (NYSE:DLNG)

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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