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

Key Points

• Dynagas LNG Partners shares crossed above their 50-day moving average, reaching $3.84 before closing at $3.8050, compared with a 50-day average of $3.72.
• The company reported quarterly EPS of $0.39, beating estimates of $0.28, while revenue of $41.19 million exceeded the $36.31 million consensus forecast.
• Dynagas maintained its quarterly dividend of $0.05 per share, equivalent to an annualized $0.20 payout and a 5.3% yield; analysts’ consensus rating remains Hold.

Dynagas LNG Partners LP (NYSE:DLNG - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $3.72 and traded as high as $3.84. Dynagas LNG Partners shares last traded at $3.8050, with a volume of 34,908 shares trading hands.

Analyst Ratings Changes

DLNG has been the topic of a number of research reports. Weiss Ratings lowered shares of Dynagas LNG Partners from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, July 9th. Wall Street Zen raised shares of Dynagas LNG Partners from a "hold" rating to a "buy" rating in a research report on Saturday, June 6th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of "Hold".

Dynagas LNG Partners Stock Down 0.7%

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 $138.58 million, a price-to-earnings ratio of 2.26 and a beta of 0.54. The firm has a 50-day moving average price of $3.72 and a two-hundred day moving average price of $3.84.

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

Dynagas LNG Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were issued a $0.05 dividend. The ex-dividend date was Monday, August 24th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.3%. Dynagas LNG Partners's dividend payout ratio (DPR) is 11.90%.

Institutional Trading of Dynagas LNG Partners

Institutional investors have recently made changes to their positions in the business. Coppell Advisory Solutions LLC bought a new position in Dynagas LNG Partners in the second quarter valued at $35,000. Sei Investments Co. lifted its position in Dynagas LNG Partners by 307.3% during 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. Finally, IMC Chicago LLC bought a new stake in Dynagas LNG Partners during the 1st quarter worth about $51,000.

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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