Dynagas LNG Partners LP [DLNG] stock prices are up 6.55% to $2.93 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The DLNG shares have gain 8.52% over the last week, with a monthly amount glided 0.69%, and seem to be holding up well over a long-time horizon.
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On 28, March 2024, Dynagas LNG Partners LP Reports Results for the Three Months and Year Ended December 31, 2023. In a post published today on Yahoo Finance, Dynagas LNG Partners LP (NYSE: “DLNG”) (“the “Partnership”), an owner and operator of liquefied natural gas (“LNG”) carriers, today announced its results for the three months and year ended December 31, 2023.
From an analyst’s perspective:
Previously, Stifel upgraded its rating to Buy on June 18, 2021. On January 29, 2019, downgrade downgraded it’s rating to Hold. B. Riley FBR downgraded its rating to a Neutral and decreased its price target to $2.65 on January 28, 2019. Wells Fargo reiterated its recommendation of a Underperform and reduced its price target to $5.25 on November 20, 2018. B. Riley FBR started tracking with a Buy rating for this stock on November 09, 2018, and assigned it a price target of $10.50. In a note dated September 06, 2018, Berenberg initiated an Hold rating and provided a target price of $9 on this stock.
The stock price of Dynagas LNG Partners LP [DLNG] has been fluctuating between $2.27 and $3.19 over the past year. Dynagas LNG Partners LP [NYSE: DLNG] shares were valued at $2.93 at the most recent close of the market.
Analyzing the DLNG fundamentals
The Dynagas LNG Partners LP [NYSE:DLNG] reported sales of 158.59M for trailing twelve months, representing a surge of 62.51%. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.06 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.98.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.77 points at the first support level, and at 2.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.03, and for the 2nd resistance point, it is at 3.14.
Dynagas LNG Partners LP [DLNG] reported earnings per share of $0.01 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.11/share, meaning a difference of -$0.1 and a surprise factor of -90.90%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.08 per share as compared to estimates of $0.18 per share, a difference of -$0.1 representing a surprise of -55.60%.
Ratios To Look Out For
It’s worth pointing out that Dynagas LNG Partners LP [NYSE:DLNG]’s Current Ratio is 1.92. Further, the Quick Ratio stands at 1.92, while the Cash Ratio is 1.51. Considering the valuation of this stock, the price to sales ratio is 0.68, the price to book ratio is 0.34 and price to earnings (TTM) ratio is 2.91.
