Dynagas LNG Partners (NYSE:DLNG) Share Price Breaks Below Fifty Day Moving Average - Time to Sell?

Key Points

• Dynagas LNG Partners’ shares fell below their 50-day moving average, trading as low as $3.26 versus the $3.72 average, while the stock’s 200-day average stood at $3.75.
• Analyst sentiment remains cautious: one analyst rates the stock “Hold,” another recently reiterated “Hold,” and the overall MarketBeat consensus is “Hold,” despite one upgrade to “Buy.”
• The company reported stronger-than-expected quarterly results, with EPS of $0.39 versus a $0.28 estimate and revenue of $41.19 million versus $36.31 million expected. It also pays a quarterly dividend of $0.05 per share, implying a 6.1% annualized yield.

Dynagas LNG Partners LP (NYSE:DLNG - Get Free Report)'s share price crossed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $3.72 and traded as low as $3.26. Dynagas LNG Partners shares last traded at $3.2950, with a volume of 65,760 shares traded.

Wall Street Analysts Forecast Growth

DLNG has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Dynagas LNG Partners to a "buy" rating in a research report on Saturday, September 19th. Weiss Ratings reiterated a "hold (c)" rating on shares of Dynagas LNG Partners in a research note on Tuesday, October 6th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company has an average rating of "Hold".

Dynagas LNG Partners Trading Down 0.2%

The stock's 50 day moving average is $3.72 and its 200-day moving average is $3.75. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.88 and a quick ratio of 0.86. The company has a market capitalization of $120.00 million, a P/E ratio of 1.96 and a beta of 0.55.

Dynagas LNG Partners (NYSE:DLNG - Get Free Report) last posted its quarterly earnings data on Tuesday, September 8th. The shipping company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.28 by $0.11. Dynagas LNG Partners had a net margin of 42.33% and a return on equity of 13.05%. The business had revenue of $41.19 million for the quarter, compared to analyst estimates of $36.31 million.

Dynagas LNG Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend was Monday, August 24th. Dynagas LNG Partners's dividend payout ratio (DPR) is presently 11.90%.

Hedge Funds Weigh In On Dynagas LNG Partners

Institutional investors have recently made changes to their positions in the business. Coppell Advisory Solutions LLC bought a new stake in shares of Dynagas LNG Partners during the 2nd quarter valued at $35,000. IMC Chicago LLC purchased a new position in Dynagas LNG Partners during the first quarter valued at approximately $51,000. Finally, Sei Investments Co. raised its position in shares of Dynagas LNG Partners by 307.3% during the 1st quarter. Sei Investments Co. now owns 56,071 shares of the shipping company's stock valued at $240,000 after purchasing an additional 42,306 shares during the period.

Dynagas LNG Partners Company Profile

Dynagas LNG Partners LP NYSE: DLNG is a limited partnership focused on owning and operating liquefied natural gas (LNG) carriers and floating storage and regasification units. Its vessels are used to transport LNG and, in some cases, store and regasify the fuel for delivery into natural gas distribution systems.

The partnership's fleet has included conventional LNG carriers as well as vessels designed for operation in challenging environments, including Arctic and ice-prone waters. Its vessels have generally operated under long-term charter agreements with international energy companies, supporting the movement of LNG between production regions, receiving terminals and end markets.

Dynagas LNG Partners was formed in 2013 by Dynagas Ltd.

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