Dynagas LNG Partners (NYSE:DLNG) Upgraded by Wall Street Zen to “Buy” Rating

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

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

Dynagas LNG Partners Trading Up 0.2%

Dynagas LNG Partners stock opened at $3.71 on Friday. Dynagas LNG Partners has a 52-week low of $3.27 and a 52-week high of $4.45. The company has a market cap of $134.97 million, a P/E ratio of 2.21 and a beta of 0.54. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.64. The business has a 50-day simple moving average of $3.73 and a two-hundred day simple moving average of $3.83.

Dynagas LNG Partners (NYSE:DLNG) last posted its quarterly earnings data on Monday, September 7th. The shipping company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.11. The company had revenue of $41.19 million for the quarter, compared to the consensus estimate of $36.31 million. Dynagas LNG Partners had a net margin of 42.33% and a return on equity of 13.05%.

Dynagas LNG Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $0.20 annualized dividend and a yield of 5.4%. Dynagas LNG Partners’s dividend payout ratio is currently 11.90%.

Institutional Investors Weigh In On Dynagas LNG Partners

A number of institutional investors and hedge funds have recently bought and sold shares of DLNG. Sei Investments Co. lifted its position 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 valued at $240,000 after acquiring an additional 42,306 shares in the last quarter. IMC Chicago LLC bought a new stake in Dynagas LNG Partners during the 1st quarter valued at approximately $51,000. Finally, Coppell Advisory Solutions LLC bought a new stake in Dynagas LNG Partners during the 2nd quarter valued at approximately $35,000.

About Dynagas LNG Partners

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.