Dynagas LNG Partners (NYSE:DLNG) Shares Cross Above Fifty Day Moving Average of $3.04

Dynagas LNG Partners LP (NYSE:DLNG) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $3.04 and traded as high as $3.06. Dynagas LNG Partners shares last traded at $3.04, with a volume of 31,730 shares trading hands.

Several equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of Dynagas LNG Partners from a “hold” rating to a “sell” rating in a research note on Friday, September 10th. Jefferies Financial Group reaffirmed a “hold” rating and set a $3.50 price target on shares of Dynagas LNG Partners in a research note on Tuesday, July 13th. Finally, Stifel Nicolaus raised shares of Dynagas LNG Partners from a “hold” rating to a “buy” rating in a research note on Friday, June 18th.

The company’s fifty day moving average is $3.04 and its 200 day moving average is $2.98. The company has a quick ratio of 4.37, a current ratio of 4.37 and a debt-to-equity ratio of 2.52. The stock has a market cap of $107.91 million, a PE ratio of 3.19 and a beta of 1.92.

Dynagas LNG Partners (NYSE:DLNG) last posted its quarterly earnings results on Monday, September 6th. The shipping company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.01). Dynagas LNG Partners had a net margin of 33.52% and a return on equity of 17.92%. The business had revenue of $33.93 million during the quarter, compared to analysts’ expectations of $33.14 million. Equities analysts expect that Dynagas LNG Partners LP will post 0.83 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its stake in shares of Dynagas LNG Partners by 0.4% during the second quarter. Goldman Sachs Group Inc. now owns 1,193,933 shares of the shipping company’s stock valued at $3,976,000 after purchasing an additional 4,811 shares during the period. UBS Group AG grew its position in shares of Dynagas LNG Partners by 89.0% during the first quarter. UBS Group AG now owns 30,694 shares of the shipping company’s stock worth $88,000 after buying an additional 14,454 shares in the last quarter. Morgan Stanley grew its position in shares of Dynagas LNG Partners by 6.7% during the second quarter. Morgan Stanley now owns 305,157 shares of the shipping company’s stock worth $1,015,000 after buying an additional 19,061 shares in the last quarter. Finally, Gagnon Securities LLC acquired a new stake in shares of Dynagas LNG Partners during the first quarter worth approximately $146,000. Institutional investors own 7.77% of the company’s stock.

About Dynagas LNG Partners (NYSE:DLNG)

Dynagas LNG Partners LP engages in the provision of seaborne transportation services. It owns and operates liquefied natural gas carriers which are employed to energy companies under multi-year charters. The company was founded on May 30, 2013 and is headquartered in Monaco.

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