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

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

Dynagas LNG Partners Trading Down 3.2 %

Dynagas LNG Partners stock opened at $2.70 on Friday. Dynagas LNG Partners has a 52 week low of $2.08 and a 52 week high of $3.50. The stock has a market capitalization of $99.47 million, a P/E ratio of 3.55 and a beta of 1.51. The stock has a 50-day simple moving average of $2.80 and a 200 day simple moving average of $2.72. The company has a debt-to-equity ratio of 1.49, a quick ratio of 3.74 and a current ratio of 3.74.

Institutional Investors Weigh In On Dynagas LNG Partners

A number of institutional investors have recently made changes to their positions in DLNG. Citigroup Inc. bought a new stake in shares of Dynagas LNG Partners during the first quarter worth approximately $34,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Dynagas LNG Partners in the second quarter valued at approximately $35,000. BNP Paribas Arbitrage SNC raised its position in shares of Dynagas LNG Partners by 104.7% in the second quarter. BNP Paribas Arbitrage SNC now owns 25,214 shares of the shipping company’s stock valued at $63,000 after buying an additional 12,894 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Dynagas LNG Partners in the fourth quarter valued at approximately $64,000. Finally, BNP Paribas Arbitrage SA acquired a new stake in shares of Dynagas LNG Partners in the first quarter valued at approximately $159,000. Institutional investors own 7.57% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. StockNews.com assumed coverage on Dynagas LNG Partners in a research note on Friday. They issued a “strong-buy” rating on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $4.00 price target on shares of Dynagas LNG Partners in a research note on Friday.

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.