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

StockNews.com lowered shares of Dynagas LNG Partners (NYSE:DLNG) from a strong-buy rating to a buy rating in a research note issued to investors on Friday morning.

Dynagas LNG Partners Price Performance

Dynagas LNG Partners stock opened at $3.82 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.70 and a quick ratio of 0.69. Dynagas LNG Partners has a one year low of $2.27 and a one year high of $4.24. The firm has a market capitalization of $140.73 million, a P/E ratio of 5.38 and a beta of 1.39. The business has a fifty day moving average price of $3.76 and a 200-day moving average price of $3.67.

Dynagas LNG Partners (NYSE:DLNG) last posted its earnings results on Tuesday, September 10th. The shipping company reported $0.25 earnings per share 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 company had revenue of $37.62 million for the quarter, compared to analysts’ expectations of $37.92 million. During the same period in the previous year, the firm earned $0.08 EPS. As a group, equities research analysts forecast that Dynagas LNG Partners will post 1.05 EPS for the current 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.