Dynagas LNG Partners (NYSE:DLNG) Shares Cross Above Fifty Day Moving Average - Here's Why

Key Points

• Dynagas LNG Partners' stock price recently crossed above its fifty-day moving average of $3.62, trading at a high of $3.70.
• The company's market capitalization is $133.36 million and it reported a quarterly earnings per share of $0.30, exceeding analysts' estimates.
• Wall Street Zen downgraded Dynagas LNG Partners from a "strong-buy" to a "buy" rating, reflecting changing analyst sentiment.

Dynagas LNG Partners LP (NYSE:DLNG - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $3.62 and traded as high as $3.70. Dynagas LNG Partners shares last traded at $3.63, with a volume of 8,552 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Dynagas LNG Partners from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 20th.

Dynagas LNG Partners Stock Performance

The stock has a market capitalization of $133.36 million, a price-to-earnings ratio of 3.33 and a beta of 0.75. The stock's 50 day moving average is $3.62 and its 200 day moving average is $3.82. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.85.

Dynagas LNG Partners (NYSE:DLNG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 27th. The shipping company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.02. The firm had revenue of $39.11 million for the quarter, compared to analysts' expectations of $36.96 million. Dynagas LNG Partners had a net margin of 33.92% and a return on equity of 15.92%. On average, analysts predict that Dynagas LNG Partners LP will post 1.08 earnings per share for the current year.

Institutional Investors Weigh In On Dynagas LNG Partners

Hedge funds have recently modified their holdings of the company. Sei Investments Co. purchased a new position in shares of Dynagas LNG Partners during the 4th quarter worth about $75,000. Exchange Traded Concepts LLC lifted its position in Dynagas LNG Partners by 377.3% during the first quarter. Exchange Traded Concepts LLC now owns 13,837 shares of the shipping company's stock valued at $52,000 after buying an additional 10,938 shares in the last quarter. NewEdge Advisors LLC lifted its position in Dynagas LNG Partners by 36.2% during the fourth quarter. NewEdge Advisors LLC now owns 18,390 shares of the shipping company's stock valued at $100,000 after buying an additional 4,884 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in Dynagas LNG Partners by 548.8% during the first quarter. Acadian Asset Management LLC now owns 184,310 shares of the shipping company's stock valued at $692,000 after buying an additional 155,902 shares in the last quarter.

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.

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