Dynagas LNG Partners (NYSE:DLNG) released its quarterly earnings results on Thursday. The shipping company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.05), Fidelity Earnings reports. The firm had revenue of $30.82 million for the quarter, compared to analysts’ expectations of $31.57 million. Dynagas LNG Partners had a net margin of 0.53% and a return on equity of 3.96%.
Shares of NYSE DLNG opened at $1.50 on Friday. The firm has a market cap of $51.16 million, a price-to-earnings ratio of 6.25 and a beta of 1.01. Dynagas LNG Partners has a 52-week low of $1.15 and a 52-week high of $9.05. The business’s 50 day moving average is $1.28 and its two-hundred day moving average is $1.76.
Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Dynagas LNG Partners from a “hold” rating to a “buy” rating and set a $1.50 price target on the stock in a research report on Monday. TheStreet lowered Dynagas LNG Partners from a “c-” rating to a “d” rating in a research report on Tuesday, June 11th. B. Riley set a $2.00 target price on Dynagas LNG Partners and gave the company a “hold” rating in a research report on Thursday, June 6th. Finally, ValuEngine raised Dynagas LNG Partners from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $3.96.
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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