Dynagas LNG Partners (NYSE:DLNG) Share Price Passes Above Fifty Day Moving Average of $2.97

Dynagas LNG Partners LP (NYSE:DLNG)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $2.97 and traded as high as $3.49. Dynagas LNG Partners shares last traded at $3.42, with a volume of 62,460 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Dynagas LNG Partners in a research note on Friday. They issued a “buy” rating on the stock.

Dynagas LNG Partners Stock Up 3.2 %

The company has a current ratio of 2.83, a quick ratio of 2.46 and a debt-to-equity ratio of 1.30. The stock’s fifty day moving average is $2.98 and its two-hundred day moving average is $2.82.

Dynagas LNG Partners (NYSE:DLNG) last issued its earnings results on Thursday, March 28th. The shipping company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.10). Dynagas LNG Partners had a return on equity of 8.22% and a net margin of 22.35%. The business had revenue of $36.95 million for the quarter, compared to the consensus estimate of $38.21 million. As a group, sell-side analysts anticipate that Dynagas LNG Partners LP will post 1.22 EPS for the current year.

Hedge Funds Weigh In On Dynagas LNG Partners

A hedge fund recently bought a new stake in Dynagas LNG Partners stock. Apollon Wealth Management LLC acquired a new position in Dynagas LNG Partners LP (NYSE:DLNG) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 15,130 shares of the shipping company’s stock, valued at approximately $42,000.

About Dynagas LNG Partners

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry worldwide. The company owns and operates liquefied natural gas (LNG) carriers. Its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,100 cubic meters. Dynagas GP LLC serves as the general partner of Dynagas LNG Partners LP.