Dynagas LNG Partners LP (NYSE:DLNG – Get Free Report)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $2.97 and traded as high as $3.49. Dynagas LNG Partners shares last traded at $3.42, with a volume of 62,460 shares changing hands.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on Dynagas LNG Partners in a report on Friday. They issued a “buy” rating on the stock.
Check Out Our Latest Stock Report on DLNG
Dynagas LNG Partners Stock Performance
Dynagas LNG Partners (NYSE:DLNG – Get Free Report) last announced its quarterly earnings data on Thursday, March 28th. The shipping company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.10). The firm had revenue of $36.95 million for the quarter, compared to the consensus estimate of $38.21 million. Dynagas LNG Partners had a net margin of 22.35% and a return on equity of 8.22%. Research analysts forecast that Dynagas LNG Partners LP will post 1.22 EPS for the current year.
Hedge Funds Weigh In On Dynagas LNG Partners
An institutional investor recently bought a new position in Dynagas LNG Partners stock. Apollon Wealth Management LLC purchased a new position in shares of Dynagas LNG Partners LP (NYSE:DLNG – Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 15,130 shares of the shipping company’s stock, valued at approximately $42,000.
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.
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