StockNews.com cut shares of Dynagas LNG Partners (NYSE:DLNG – Free Report) from a strong-buy rating to a buy rating in a research note released on Saturday.
Dynagas LNG Partners Trading Up 1.8 %
Shares of DLNG stock opened at $3.99 on Friday. The firm’s 50 day moving average is $3.11 and its 200-day moving average is $2.89. Dynagas LNG Partners has a 1 year low of $2.27 and a 1 year high of $4.18.
Dynagas LNG Partners (NYSE:DLNG – Get Free Report) last released 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). The firm had revenue of $36.95 million for the quarter, compared to the consensus estimate 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 anticipate that Dynagas LNG Partners will post 1.22 earnings per share for the current fiscal year.
Institutional Trading of Dynagas LNG Partners
Dynagas LNG Partners Company Profile
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.
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