StockNews.com Lowers Dynagas LNG Partners (NYSE:DLNG) to Buy

Dynagas LNG Partners (NYSE:DLNG) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Dynagas LNG Partners Stock Performance

DLNG stock opened at $3.78 on Friday. The stock has a market capitalization of $139.26 million, a PE ratio of 5.32 and a beta of 1.39. The stock’s 50 day simple moving average is $3.76 and its 200 day simple moving average is $3.66. Dynagas LNG Partners has a 12-month low of $2.27 and a 12-month high of $4.24. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.89.

Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly earnings results on Tuesday, September 10th. The shipping company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). Dynagas LNG Partners had a net margin of 21.27% and a return on equity of 11.77%. The business had revenue of $37.62 million for the quarter, compared to the consensus estimate of $37.92 million. During the same period in the previous year, the company earned $0.08 earnings per share. As a group, research analysts forecast that Dynagas LNG Partners will post 1.05 earnings per share for the current fiscal year.

Dynagas LNG Partners Company Profile

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry in Greece and internationally. The company owns and operates liquefied natural gas (LNG) carriers. Its fleet consists of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.