Dynagas LNG Partners (NYSE:DLNG) Share Price Passes Above Fifty Day Moving Average - Here's What Happened

Key Points

• DLNG shares rose above their 50-day moving average, reaching $3.85 versus the $3.62 average, with 54,754 shares traded.
• Analyst sentiment remains cautious: Dynagas LNG Partners has an overall “Hold” rating, despite one upgrade to “Buy” and one downgrade within recent months.
• The company met quarterly earnings expectations at $0.29 per share and exceeded revenue estimates, reporting $39.94 million in revenue versus the $36.92 million consensus.

Dynagas LNG Partners LP (NYSE:DLNG - Get Free Report) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $3.62 and traded as high as $3.85. Dynagas LNG Partners shares last traded at $3.85, with a volume of 54,754 shares traded.

Wall Street Analyst Weigh In

DLNG has been the subject of a number of analyst reports. Weiss Ratings downgraded Dynagas LNG Partners from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, July 9th. Wall Street Zen upgraded Dynagas LNG Partners from a "hold" rating to a "buy" rating in a research note on Saturday, June 6th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold".

Dynagas LNG Partners Trading Up 2.4%

The business's 50 day simple moving average is $3.62 and its 200 day simple moving average is $3.86. The stock has a market cap of $140.22 million, a price-to-earnings ratio of 2.53 and a beta of 0.53. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 0.64.

Dynagas LNG Partners (NYSE:DLNG - Get Free Report) last released its quarterly earnings data on Friday, May 29th. The shipping company reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. The company had revenue of $39.94 million for the quarter, compared to analyst estimates of $36.92 million. Dynagas LNG Partners had a net margin of 41.60% and a return on equity of 13.59%.

Hedge Funds Weigh In On Dynagas LNG Partners

A number of institutional investors have recently bought and sold shares of DLNG. Sei Investments Co. raised its stake in Dynagas LNG Partners by 307.3% in the first quarter. Sei Investments Co. now owns 56,071 shares of the shipping company's stock valued at $240,000 after buying an additional 42,306 shares during the period. IMC Chicago LLC bought a new position in shares of Dynagas LNG Partners during the 1st quarter worth approximately $51,000. Virtu Financial LLC acquired a new position in shares of Dynagas LNG Partners during the 4th quarter worth approximately $100,000. XTX Topco Ltd acquired a new position in shares of Dynagas LNG Partners during the 4th quarter worth approximately $57,000. Finally, Diversified Enterprises LLC acquired a new position in shares of Dynagas LNG Partners during the 4th quarter worth approximately $81,000.

About Dynagas LNG Partners

Dynagas LNG Partners LP is a publicly traded limited partnership focused on the ownership and operation of liquefied natural gas (LNG) carriers. The partnership provides seaborne transportation services under long-term, fixed-rate charters, catering primarily to major energy companies and utility providers. Its vessels are designed to carry LNG at cryogenic temperatures, enabling large-scale cargo movements between exporting and importing regions worldwide.

The fleet comprises modern membrane-type LNG carriers built to high engineering and environmental standards.

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