Dynagas LNG Partners (NYSE:DLNG) Announces Quarterly Earnings Results, Misses Expectations By $0.10 EPS

Dynagas LNG Partners (NYSE:DLNG) posted its quarterly earnings data on Friday. The shipping company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.10), MarketWatch Earnings reports. Dynagas LNG Partners had a return on equity of 9.23% and a net margin of 29.28%. The firm had revenue of $37.65 million during the quarter, compared to analyst estimates of $33.68 million. During the same quarter in the previous year, the firm posted $0.17 earnings per share.

Dynagas LNG Partners Trading Down 3.2 %

DLNG opened at $2.70 on Friday. The company has a debt-to-equity ratio of 1.49, a current ratio of 3.74 and a quick ratio of 3.74. The company’s 50 day simple moving average is $2.80 and its two-hundred day simple moving average is $2.72. Dynagas LNG Partners has a 1-year low of $2.08 and a 1-year high of $3.50. The firm has a market capitalization of $99.47 million, a price-to-earnings ratio of 3.55 and a beta of 1.51.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Citigroup Inc. purchased a new stake in shares of Dynagas LNG Partners during the 1st quarter valued at approximately $34,000. UBS Group AG raised its position in shares of Dynagas LNG Partners by 60.3% during the 1st quarter. UBS Group AG now owns 43,594 shares of the shipping company’s stock valued at $175,000 after buying an additional 16,400 shares during the period. BNP Paribas Arbitrage SA purchased a new stake in shares of Dynagas LNG Partners during the 1st quarter valued at approximately $159,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Dynagas LNG Partners during the 2nd quarter valued at approximately $35,000. Finally, Jane Street Group LLC purchased a new stake in shares of Dynagas LNG Partners during the 4th quarter valued at approximately $64,000. 7.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DLNG has been the topic of several research analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $4.00 price objective on shares of Dynagas LNG Partners in a report on Friday. StockNews.com assumed coverage on Dynagas LNG Partners in a report on Friday. They issued a “strong-buy” rating on the stock.

About Dynagas LNG Partners

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.