Dynagas LNG Partners (NYSE:DLNG) Announces Quarterly Earnings Results

Dynagas LNG Partners (NYSE:DLNG) released its quarterly earnings data on Thursday. The shipping company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.28 by $0.04, Zacks reports. The business had revenue of $41.66 million during the quarter, compared to analyst estimates of $38.34 million. Dynagas LNG Partners had a net margin of 31.63% and a return on equity of 14.73%.

Dynagas LNG Partners Stock Down 0.1 %

NYSE:DLNG opened at $3.95 on Friday. The company has a market cap of $145.18 million, a PE ratio of 4.11 and a beta of 1.36. Dynagas LNG Partners has a twelve month low of $2.27 and a twelve month 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. The company’s 50 day moving average is $4.74 and its two-hundred day moving average is $4.30.

Dynagas LNG Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Monday, February 24th were given a $0.049 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date was Monday, February 24th. Dynagas LNG Partners’s payout ratio is currently 19.79%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of 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.