Dynagas LNG Partners (NYSE:DLNG) Shares Pass Above 50 Day Moving Average – Here’s Why

Shares of Dynagas LNG Partners LP (NYSE:DLNG) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $3.71 and traded as high as $3.73. Dynagas LNG Partners shares last traded at $3.63, with a volume of 28,540 shares traded.

Analysts Set New Price Targets

DLNG has been the topic of several analyst reports. Weiss Ratings cut Dynagas LNG Partners from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Wall Street Zen upgraded Dynagas LNG Partners from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Dynagas LNG Partners Stock Down 1.4%

The firm’s 50-day moving average price is $3.71 and its 200-day moving average price is $3.88. The company has a market cap of $132.20 million, a price-to-earnings ratio of 2.39 and a beta of 0.53. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.63 and a quick ratio of 0.61.

Dynagas LNG Partners (NYSE:DLNG) last posted its earnings results on Friday, May 29th. The shipping company reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. Dynagas LNG Partners had a return on equity of 13.59% and a net margin of 41.60%.The business had revenue of $39.94 million during the quarter, compared to analyst estimates of $36.92 million.

Dynagas LNG Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 18th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.20 annualized dividend and a yield of 5.5%. Dynagas LNG Partners’s dividend payout ratio is currently 13.16%.

Institutional Trading of Dynagas LNG Partners

Institutional investors and hedge funds have recently bought and sold shares of the company. IMC Chicago LLC bought a new position in Dynagas LNG Partners during the first quarter worth $51,000. XTX Topco Ltd bought a new stake in Dynagas LNG Partners during the fourth quarter valued at $57,000. Diversified Enterprises LLC acquired a new stake in shares of Dynagas LNG Partners during the fourth quarter worth $81,000. Virtu Financial LLC acquired a new stake in shares of Dynagas LNG Partners during the fourth quarter worth $100,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of Dynagas LNG Partners by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 43,036 shares of the shipping company’s stock worth $151,000 after buying an additional 21,518 shares during the last quarter.

About Dynagas LNG Partners

Dynagas LNG Partners LP is a publicly traded limited partnership focused on the ownership and operation of liquefied natural gas (LNG) carriers. The partnership provides seaborne transportation services under long-term, fixed-rate charters, catering primarily to major energy companies and utility providers. Its vessels are designed to carry LNG at cryogenic temperatures, enabling large-scale cargo movements between exporting and importing regions worldwide.

The fleet comprises modern membrane-type LNG carriers built to high engineering and environmental standards.