Dynagas LNG Partners (NYSE:DLNG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Dynagas LNG Partners (NYSE:DLNG) to a buy rating in a research note released on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings lowered shares of Dynagas LNG Partners from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Dynagas LNG Partners Stock Down 1.1%

Dynagas LNG Partners stock opened at $3.67 on Friday. The stock’s 50 day moving average price is $3.73 and its 200 day moving average price is $3.83. Dynagas LNG Partners has a 1-year low of $3.27 and a 1-year high of $4.45. The company has a market cap of $133.66 million, a PE ratio of 2.18 and a beta of 0.54. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.88 and a quick ratio of 0.86.

Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings data on Monday, September 7th. The shipping company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $41.19 million during the quarter, compared to analysts’ expectations of $36.31 million.

Dynagas LNG Partners Announces Dividend

The firm 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 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Monday, August 24th. Dynagas LNG Partners’s dividend payout ratio is 11.90%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DLNG. Coppell Advisory Solutions LLC purchased a new stake in Dynagas LNG Partners in the 2nd quarter valued at approximately $35,000. Sei Investments Co. raised its holdings in shares of 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 acquiring an additional 42,306 shares during the last quarter. Finally, IMC Chicago LLC purchased a new stake in shares of Dynagas LNG Partners in the first quarter valued at $51,000.

Dynagas LNG Partners Company Profile

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.