Analysts expect Dynagas LNG Partners LP (NYSE:DLNG) to post $30.82 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Dynagas LNG Partners’ earnings. The highest sales estimate is $32.98 million and the lowest is $28.89 million. Dynagas LNG Partners reported sales of $33.47 million in the same quarter last year, which would suggest a negative year over year growth rate of 7.9%. The company is expected to announce its next quarterly earnings results on Tuesday, December 4th.
According to Zacks, analysts expect that Dynagas LNG Partners will report full-year sales of $123.41 million for the current year, with estimates ranging from $119.57 million to $130.24 million. For the next financial year, analysts anticipate that the business will post sales of $136.41 million, with estimates ranging from $126.09 million to $167.44 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Dynagas LNG Partners.
Dynagas LNG Partners (NYSE:DLNG) last posted its quarterly earnings data on Friday, July 27th. The shipping company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.06. Dynagas LNG Partners had a return on equity of 10.30% and a net margin of 11.15%. The company had revenue of $30.89 million during the quarter, compared to analyst estimates of $31.11 million.
Several research firms have commented on DLNG. Zacks Investment Research upgraded Dynagas LNG Partners from a “hold” rating to a “buy” rating and set a $9.75 price objective for the company in a research note on Wednesday, October 3rd. ValuEngine upgraded Dynagas LNG Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Finally, Berenberg Bank started coverage on Dynagas LNG Partners in a report on Thursday, September 6th. They set a “hold” rating and a $9.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $10.61.
NYSE:DLNG traded down $0.07 during trading hours on Friday, hitting $8.66. 600 shares of the stock were exchanged, compared to its average volume of 133,959. Dynagas LNG Partners has a 52-week low of $7.51 and a 52-week high of $14.21. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 3.19. The firm has a market cap of $311.55 million, a P/E ratio of 11.73, a price-to-earnings-growth ratio of 22.78 and a beta of 1.24.
A hedge fund recently raised its stake in Dynagas LNG Partners stock. Guggenheim Capital LLC lifted its stake in shares of Dynagas LNG Partners LP (NYSE:DLNG) by 26.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 221,372 shares of the shipping company’s stock after purchasing an additional 45,866 shares during the period. Guggenheim Capital LLC owned 0.62% of Dynagas LNG Partners worth $2,214,000 as of its most recent SEC filing. Institutional investors own 11.26% of the company’s stock.
About Dynagas LNG Partners
Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry worldwide. The company owns and operates liquefied natural gas (LNG) carriers. As of March 9, 2018, its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.
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