Dynagas LNG Partners Stock Rating Upgraded to Strong-Buy

Dynagas LNG Partners (NYSE:DLNG) received an upgrade from analysts at StockNews.com, moving from a "buy" rating to a "strong-buy" rating in a recent research note published on Wednesday.

Dynagas LNG Partners Stock Performance

On Wednesday, DLNG stock saw a rise of 2.6%, gaining $0.11 and reaching a price of $4.35 during midday trading. The trading volume for the day was 62,497 shares, in comparison to the average volume of 126,107. Currently, the market capitalization of Dynagas LNG Partners stands at $160.08 million, with a price-to-earnings (P/E) ratio of 4.53 and a beta of 1.36. The stock has fluctuated over the past year, hitting a low of $2.27 and a high of $5.65. Financially, the company maintains a current ratio of 1.68, a quick ratio of 1.68, and a debt-to-equity ratio of 0.95. Over the past 50 days, the stock's moving average has been $4.95 and the 200-day moving average is $4.28.

Earnings Reports

Dynagas LNG Partners last announced its quarterly earnings on November 22nd, reporting an earnings per share (EPS) of $0.30, which exceeded analysts' consensus estimate of $0.28 by $0.02. The company posted a net margin of 31.63% and a return on equity of 14.73%. Researchers project that Dynagas LNG Partners will achieve an EPS of 1.08 for the current fiscal year.

Changes in Institutional Holdings

Recent changes in stake among institutional investors have been noted for Dynagas LNG Partners. In the third quarter, Apollon Wealth Management LLC increased its position by 17.5%, acquiring 17,780 shares valued at $67,000, after adding 2,650 shares to its holdings. Sei Investments Co. also took a new position in the fourth quarter worth approximately $75,000. Additionally, Stifel Financial Corp boosted its stake by 158.8% during the same quarter, owning now 38,300 shares worth $145,000 after securing an additional 23,500 shares. FMR LLC increased its holdings by 26.1% in the third quarter as well, owning 1,280,800 shares valued at $4,854,000 after picking up an additional 265,337 shares during the last quarter.

Dynagas LNG Partners Overview

Dynagas LNG Partners LP operates in the international shipping sector, primarily focusing on the transportation of liquefied natural gas (LNG). Its operational fleet consists of six LNG carriers with an impressive aggregate carrying capacity of approximately 914,000 cubic meters.

Investment Considerations

Investors looking into Dynagas LNG Partners should conduct thorough research and consider analyst recommendations, given the company's recent upgrade. The stock's potential aligns with certain market trends and institutional interests highlighting its growth prospects.

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