Dynagas LNG Partners (NYSE:DLNG) Stock Price Breaks Below 50 Day Moving Average - Time to Sell?

Key Points

• Dynagas LNG Partners shares fell below their 50-day moving average, trading as low as $3.66 and last changing hands at $3.687, down 1.9%. The 50-day average was $3.76, while the 200-day average stood at $3.79.
• Analyst sentiment remains mixed: Wall Street Zen upgraded the stock to “Buy,” while Weiss Ratings downgraded it to “Hold.” MarketBeat reports an overall average rating of “Hold.”
• The company reported stronger-than-expected quarterly results, with earnings of $0.39 per share versus a $0.28 estimate and revenue of $41.19 million versus $36.31 million expected. Dynagas also maintains a quarterly dividend of $0.05, representing a 5.4% annualized yield.

Dynagas LNG Partners LP (NYSE:DLNG - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $3.76 and traded as low as $3.66. Dynagas LNG Partners shares last traded at $3.6870, with a volume of 37,013 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DLNG. Wall Street Zen upgraded shares of Dynagas LNG Partners to a "buy" rating in a research report on Saturday, September 19th. Weiss Ratings cut shares of Dynagas LNG Partners from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, July 9th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold".

Dynagas LNG Partners Trading Down 1.9%

The business's 50 day simple moving average is $3.76 and its 200-day simple moving average is $3.79. 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 stock has a market capitalization of $134.28 million, a P/E ratio of 2.19 and a beta of 0.55.

Dynagas LNG Partners (NYSE:DLNG - Get Free Report) last posted its quarterly earnings results on Monday, September 7th. The shipping company reported $0.39 earnings per share for the quarter, beating 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 company had revenue of $41.19 million for the quarter, compared to the consensus estimate 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 paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.4%. Dynagas LNG Partners's dividend payout ratio is 11.90%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Sei Investments Co. raised its holdings 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 worth $240,000 after purchasing an additional 42,306 shares during the period. IMC Chicago LLC acquired a new position in shares of Dynagas LNG Partners in the 1st quarter valued at $51,000. Finally, Coppell Advisory Solutions LLC bought a new stake in shares of Dynagas LNG Partners in the 2nd quarter valued at $35,000.

About Dynagas LNG Partners

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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