Dynagas LNG Partners (NYSE:DLNG) Issues Earnings Results, Misses Estimates By $0.03 EPS

Dynagas LNG Partners (NYSE:DLNG) posted its earnings results on Tuesday. The shipping company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.03), Yahoo Finance reports. The business had revenue of $37.62 million during the quarter, compared to the consensus estimate of $37.92 million. Dynagas LNG Partners had a return on equity of 9.98% and a net margin of 23.58%. During the same period in the prior year, the firm earned $0.08 earnings per share.

Dynagas LNG Partners Trading Down 3.2 %

Shares of Dynagas LNG Partners stock opened at $3.63 on Thursday. The firm has a fifty day simple moving average of $3.80 and a 200-day simple moving average of $3.58. Dynagas LNG Partners has a 1-year low of $2.27 and a 1-year high of $4.24. The stock has a market capitalization of $133.73 million, a price-to-earnings ratio of 5.11 and a beta of 1.39.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Dynagas LNG Partners from a “hold” rating to a “buy” rating in a research report on Wednesday.

About Dynagas LNG Partners

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry in Greece and internationally. The company owns and operates liquefied natural gas (LNG) carriers. Its fleet consists of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.