Dynagas LNG Partners Receives Upgrade to Strong-Buy Rating

On Wednesday, StockNews.com announced an upgrade for shares of Dynagas LNG Partners (NYSE:DLNG) from a "buy" rating to a "strong-buy" rating. This change indicates a more favorable outlook for the company's stock, suggesting potential for better performance in the market.

Dynagas LNG Partners Stock Performance

During midday trading on Wednesday, Dynagas LNG Partners saw its stock increase by 2.6%, rising by $0.11 to a price of $4.35 per share. The trading volume for the day reached 62,497 shares, notably lower than the average volume of 126,107 shares. Currently, Dynagas LNG Partners has a market capitalization of approximately $160.08 million, a price-to-earnings (P/E) ratio of 4.53, and a beta coefficient of 1.36. Over the last year, the stock has fluctuated between 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. The stock’s 50-day moving average stands at $4.95, while the 200-day moving average is $4.28.

Recent Earnings Report

Dynagas LNG Partners recently released its earnings results on November 22nd, where the shipping company reported earnings per share (EPS) of $0.30 for the quarter. This exceeded the consensus estimate of $0.28 by $0.02. The company reported a net profit margin of 31.63% and a return on equity of 14.73%. Analysts are forecasting an average EPS of 1.08 for Dynagas LNG Partners for the current fiscal year.

Institutional Investors' Activity

In recent months, several institutional investors and hedge funds have made adjustments to their holdings in Dynagas LNG Partners. For instance, Apollon Wealth Management LLC increased its position in the company by 17.5% in the third quarter, now owning 17,780 shares valued at about $67,000 after acquiring an additional 2,650 shares. Sei Investments Co. took a new stake in the company worth approximately $75,000 in the fourth quarter. Additionally, Stifel Financial Corp raised its investment by 158.8%, now owning 38,300 shares valued at $145,000 after buying 23,500 more shares. Finally, FMR LLC increased its holdings by 26.1% during the same quarter, owning 1,280,800 shares worth about $4.85 million after purchase of an extra 265,337 shares.

Company Overview

Dynagas LNG Partners LP operates within the seaborne transportation industry, primarily in Greece and internationally. The company specializes in owning and operating liquefied natural gas (LNG) carriers. Its fleet comprises six LNG carriers, collectively capable of carrying around 914,000 cubic meters of LNG.

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