Dynagas LNG Partners (NYSE:DLNG) Stock Breaks Below 50-Day Moving Average - Here's What Happened

Key Points

• Dynagas LNG Partners shares fell below their 50-day moving average, reaching $3.53 before last trading at $3.81; the 50-day average was $3.74.
• The company reported stronger-than-expected quarterly results, with EPS of $0.39 versus the $0.28 estimate and revenue of $41.19 million versus $36.31 million expected.
• Dynagas declared a quarterly dividend of $0.05, equivalent to $0.20 annually and a 5.2% yield. Analyst sentiment remained generally neutral, with the stock carrying an average “Hold” rating despite one recent upgrade to “Buy.”

Shares of Dynagas LNG Partners LP (NYSE:DLNG - Get Free Report) crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $3.74 and traded as low as $3.53. Dynagas LNG Partners shares last traded at $3.81, with a volume of 246,019 shares.

Analyst Ratings Changes

A number of research analysts recently weighed in on DLNG shares. Wall Street Zen upgraded Dynagas LNG Partners to a "buy" rating in a report on Saturday, September 19th. Weiss Ratings lowered Dynagas LNG Partners from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of "Hold".

Dynagas LNG Partners Stock Performance

The stock has a 50 day simple moving average of $3.74 and a 200 day simple moving average of $3.80. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.64. The company has a market cap of $138.75 million, a price-to-earnings ratio of 2.27 and a beta of 0.54.

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

Dynagas LNG Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Monday, August 24th. Dynagas LNG Partners's dividend payout ratio is currently 11.90%.

Institutional Trading of Dynagas LNG Partners

A number of hedge funds have recently made changes to their positions in the company. Sei Investments Co. lifted its holdings in 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 buying an additional 42,306 shares in the last quarter. IMC Chicago LLC acquired a new stake in shares of Dynagas LNG Partners during the first quarter valued at about $51,000. Finally, Coppell Advisory Solutions LLC acquired a new stake in shares of Dynagas LNG Partners during the second quarter valued at about $35,000.

About Dynagas LNG Partners

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.

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