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

Posted by Sean Solarzano on Apr 27th, 2024

Shares of Dynagas LNG Partners LP (NYSE:DLNG – Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-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.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Dynagas LNG Partners in a report on Friday. They set a “buy” rating for the company.

Get Our Latest Research Report on DLNG

Dynagas LNG Partners Stock Up 3.2 %

The firm has a 50-day moving average price of $2.98 and a 200 day moving average price of $2.82. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.46 and a current ratio of 2.83.

Dynagas LNG Partners (NYSE:DLNG – Get Free Report) last released its quarterly earnings results on Thursday, March 28th. The shipping company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.10). The firm had revenue of $36.95 million for the quarter, compared to analysts’ expectations of $38.21 million. Dynagas LNG Partners had a return on equity of 8.22% and a net margin of 22.35%. Equities research analysts predict that Dynagas LNG Partners LP will post 1.22 earnings per share for the current fiscal year.

Institutional Trading of Dynagas LNG Partners

An institutional investor recently bought a new position in Dynagas LNG Partners stock. Apollon Wealth Management LLC bought a new position in shares of Dynagas LNG Partners LP (NYSE:DLNG – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,130 shares of the shipping company’s stock, valued at approximately $42,000.

Dynagas LNG Partners Company Profile

(Get Free Report)

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.