Dynagas LNG Partners (NYSE:DLNG) Releases Earnings Results, Misses Expectations By $0.10 EPS

Dynagas LNG Partners (NYSE:DLNG) issued its quarterly earnings data on Friday. The shipping company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.10), MarketWatch Earnings reports. The firm had revenue of $37.65 million during the quarter, compared to analyst estimates of $33.68 million. Dynagas LNG Partners had a return on equity of 9.23% and a net margin of 29.28%. During the same quarter in the previous year, the firm posted $0.17 earnings per share.

Dynagas LNG Partners Price Performance

Shares of DLNG opened at $2.70 on Monday. Dynagas LNG Partners has a 52-week low of $2.08 and a 52-week high of $3.50. The company has a debt-to-equity ratio of 1.49, a quick ratio of 3.74 and a current ratio of 3.74. The business’s 50 day moving average price is $2.80 and its two-hundred day moving average price is $2.72. The firm has a market cap of $99.47 million, a PE ratio of 3.55 and a beta of 1.51.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DLNG shares. Stifel Nicolaus restated a “buy” rating and set a $4.00 target price on shares of Dynagas LNG Partners in a research report on Friday. StockNews.com initiated coverage on Dynagas LNG Partners in a research note on Friday. They set a “strong-buy” rating for the company.

Institutional Investors Weigh In On Dynagas LNG Partners

Institutional investors have recently bought and sold shares of the stock. Citigroup Inc. bought a new position in Dynagas LNG Partners in the 1st quarter worth about $34,000. Cubist Systematic Strategies LLC purchased a new position in Dynagas LNG Partners in the 2nd quarter worth approximately $35,000. Jane Street Group LLC purchased a new position in shares of Dynagas LNG Partners during the fourth quarter valued at approximately $64,000. BNP Paribas Arbitrage SNC increased its stake in shares of Dynagas LNG Partners by 104.7% during the second quarter. BNP Paribas Arbitrage SNC now owns 25,214 shares of the shipping company’s stock valued at $63,000 after buying an additional 12,894 shares during the period. Finally, BNP Paribas Arbitrage SA purchased a new position in shares of Dynagas LNG Partners during the first quarter valued at approximately $159,000. Institutional investors own 7.57% of the company’s stock.

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. Its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,100 cubic meters. Dynagas GP LLC serves as the general partner of Dynagas LNG Partners LP.