Dynagas LNG Partners (NYSE:DLNG) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Dynagas LNG Partners to “buy,” although Weiss Ratings recently downgraded the stock and the overall analyst consensus remains “hold.”
• Dynagas reported quarterly EPS of $0.39, exceeding the $0.28 consensus estimate, while revenue of $41.19 million also surpassed expectations.
• DLNG shares opened at $3.71, with a $134.97 million market capitalization and a 52-week trading range of $3.27 to $4.45; several institutional investors recently increased or initiated positions.

Dynagas LNG Partners (NYSE:DLNG - Get Free Report) was upgraded by analysts at Wall Street Zen to a "buy" rating in a research note issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings lowered shares of Dynagas LNG Partners from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of "Hold".

Dynagas LNG Partners Stock Performance

Shares of DLNG stock opened at $3.71 on Friday. The company has a market capitalization of $134.97 million, a P/E ratio of 2.21 and a beta of 0.54. Dynagas LNG Partners has a fifty-two week low of $3.27 and a fifty-two week high of $4.45. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.86 and a current ratio of 0.88. The stock has a 50 day moving average price of $3.73 and a two-hundred day moving average price of $3.83.

Dynagas LNG Partners (NYSE:DLNG - Get Free Report) last issued its earnings results on Monday, September 7th. The shipping company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.11. The firm had revenue of $41.19 million for the quarter, compared to analysts' expectations of $36.31 million. Dynagas LNG Partners had a net margin of 42.33% and a return on equity of 13.05%.

Institutional Trading of Dynagas LNG Partners

Several large investors have recently bought and sold shares of DLNG. Sei Investments Co. raised its position in shares of Dynagas LNG Partners by 307.3% in the 1st quarter. Sei Investments Co. now owns 56,071 shares of the shipping company's stock worth $240,000 after acquiring an additional 42,306 shares in the last quarter. IMC Chicago LLC purchased a new stake in Dynagas LNG Partners in the first quarter worth about $51,000. Finally, Coppell Advisory Solutions LLC bought a new position in shares of Dynagas LNG Partners during the second quarter valued at approximately $35,000.

Dynagas LNG Partners Company Profile

Dynagas LNG Partners LP is a maritime transportation company focused on owning and operating liquefied natural gas (LNG) carriers. The company's vessels transport LNG for energy producers, utilities and other customers under primarily long-term charter arrangements, providing seaborne transportation between LNG production and consumption markets.

The partnership has been associated with a fleet of modern LNG carriers, including ice-class vessels designed to operate in challenging Arctic and sub-Arctic conditions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.