Dynagas LNG Partners (NYSE:DLNG) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Dynagas LNG Partners (NYSE:DLNG) released its earnings results on Thursday. The shipping company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04, Zacks reports. Dynagas LNG Partners had a net margin of 31.63% and a return on equity of 14.73%.

Dynagas LNG Partners Stock Performance

Shares of DLNG traded up $0.10 during midday trading on Thursday, reaching $3.98. The stock had a trading volume of 58,442 shares, compared to its average volume of 103,964. The firm has a market cap of $146.47 million, a PE ratio of 4.15 and a beta of 1.36. The firm has a 50 day simple moving average of $4.80 and a 200-day simple moving average of $4.31. Dynagas LNG Partners has a one year low of $2.27 and a one year high of $5.65. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.95.

Dynagas LNG Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Monday, February 24th were given a dividend of $0.049 per share. This represents a $0.20 annualized dividend and a yield of 4.92%. The ex-dividend date was Monday, February 24th. Dynagas LNG Partners’s dividend payout ratio (DPR) is currently 19.79%.

Analyst Ratings Changes

Separately, StockNews.com lowered Dynagas LNG Partners from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 20th.

About Dynagas LNG Partners

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry in Greece and internationally. The company owns and operates liquefied natural gas (LNG) carriers. Its fleet consists of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.