Dynagas LNG Partners LP (NYSE:DLNG) issued its quarterly earnings results on Monday. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. Dynagas LNG Partners had a return on equity of 20.23% and a net margin of 40.76%.

Dynagas LNG Partners (NYSE:DLNG) opened at 13.87 on Tuesday. The company has a market capitalization of $492.73 million, a P/E ratio of 8.41 and a beta of 1.16. The company’s 50 day moving average price is $15.05 and its 200-day moving average price is $14.43. Dynagas LNG Partners has a 12-month low of $6.70 and a 12-month high of $16.25.

Earnings History for Dynagas LNG Partners (NYSE:DLNG)

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 18th. Investors of record on Tuesday, October 11th were issued a dividend of $0.4225 per share. The ex-dividend date was Thursday, October 6th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 12.11%. Dynagas LNG Partners’s payout ratio is presently 103.05%.

A number of large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company purchased a new stake in shares of Dynagas LNG Partners during the third quarter worth $108,000. Barclays PLC bought a new stake in Dynagas LNG Partners during the second quarter worth approximately $225,000. Stifel Financial Corp raised its stake in Dynagas LNG Partners by 54.2% in the second quarter. Stifel Financial Corp now owns 33,730 shares of the company’s stock worth $460,000 after buying an additional 11,859 shares during the period. Pointe Capital Management LLC raised its stake in Dynagas LNG Partners by 5.6% in the second quarter. Pointe Capital Management LLC now owns 37,720 shares of the company’s stock worth $515,000 after buying an additional 1,987 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Dynagas LNG Partners by 15,809.0% in the second quarter. JPMorgan Chase & Co. now owns 47,727 shares of the company’s stock worth $651,000 after buying an additional 47,427 shares during the period. Institutional investors and hedge funds own 47.75% of the company’s stock.

Several equities analysts have weighed in on DLNG shares. Zacks Investment Research lowered Dynagas LNG Partners from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. Clarkson Capital reissued a “buy” rating on shares of Dynagas LNG Partners in a research note on Friday, September 23rd. Wells Fargo & Co. started coverage on Dynagas LNG Partners in a research note on Monday, September 19th. They issued a “market perform” rating and a $9.50 target price on the stock. Jefferies Group started coverage on Dynagas LNG Partners in a research note on Tuesday, September 13th. They issued a “buy” rating and a $18.00 target price on the stock. Finally, Maxim Group started coverage on Dynagas LNG Partners in a research note on Tuesday, October 18th. They issued a “buy” rating and a $20.00 target price on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.36.

Dynagas LNG Partners Company Profile

Dynagas LNG Partners LP is organized for the purpose of owning, operating, and acquiring liquid natural gas (LNG) carriers. The Company is focused on owning and operating LNG carriers. The Company operates in the segment relating to its operations as it operates solely LNG vessels. The Company’s vessels are employed on multi-year time charters, which the Company defines as charters of over two years or more, with international energy companies.

5 Day Chart for NYSE:DLNG

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