Wall Street analysts expect Dynagas LNG Partners LP (NYSE:DLNG) to report $33.70 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Dynagas LNG Partners’ earnings, with the lowest sales estimate coming in at $33.65 million and the highest estimate coming in at $33.74 million. Dynagas LNG Partners posted sales of $42.64 million in the same quarter last year, which would indicate a negative year over year growth rate of 21%. The company is scheduled to issue its next quarterly earnings report on Thursday, August 10th.
According to Zacks, analysts expect that Dynagas LNG Partners will report full-year sales of $33.70 million for the current year, with estimates ranging from $143.45 million to $153.45 million. For the next fiscal year, analysts anticipate that the business will post sales of $155.05 million per share, with estimates ranging from $142.34 million to $161.41 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Dynagas LNG Partners.
Dynagas LNG Partners (NYSE:DLNG) last released its earnings results on Thursday, June 8th. The shipping company reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.03. Dynagas LNG Partners had a return on equity of 23.74% and a net margin of 37.68%. The business had revenue of $39.09 million for the quarter, compared to the consensus estimate of $40.38 million.
A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Dynagas LNG Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Maxim Group set a $20.00 target price on Dynagas LNG Partners and gave the stock a “buy” rating in a research note on Thursday, June 8th. BidaskClub lowered Dynagas LNG Partners from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Jefferies Group LLC restated a “buy” rating and issued a $19.00 target price on shares of Dynagas LNG Partners in a research note on Monday, June 12th. Finally, Stifel Nicolaus raised their target price on Dynagas LNG Partners from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, July 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.25.
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Shares of Dynagas LNG Partners (NYSE DLNG) opened at 14.70 on Wednesday. The company has a market capitalization of $522.22 million, a P/E ratio of 9.35 and a beta of 1.10. The firm has a 50-day moving average price of $14.88 and a 200 day moving average price of $16.00. Dynagas LNG Partners has a 12-month low of $12.76 and a 12-month high of $17.93.
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 18th. Investors of record on Tuesday, July 11th were paid a $0.4225 dividend. The ex-dividend date of this dividend was Friday, July 7th. This represents a $1.69 dividend on an annualized basis and a yield of 11.50%. Dynagas LNG Partners’s dividend payout ratio (DPR) is 106.96%.
A number of institutional investors have recently modified their holdings of the company. Marshall Wace North America L.P. purchased a new position in shares of Dynagas LNG Partners during the second quarter worth about $238,000. Cambridge Investment Research Advisors Inc. bought a new position in Dynagas LNG Partners during the second quarter worth $367,000. Pointe Capital Management LLC bought a new position in Dynagas LNG Partners during the first quarter worth $526,000. Goldman Sachs Group Inc. raised its position in Dynagas LNG Partners by 86.0% in the first quarter. Goldman Sachs Group Inc. now owns 31,099 shares of the shipping company’s stock worth $548,000 after buying an additional 14,378 shares during the last quarter. Finally, Ameriprise Financial Inc. bought a new position in Dynagas LNG Partners during the first quarter worth $643,000. Institutional investors own 21.73% of the company’s stock.
About Dynagas LNG Partners
Dynagas LNG Partners LP is a limited partnership, which focuses on owning and operating liquid natural gas (LNG) carriers. The Company’s vessels are employed on multi-year time charters with international energy companies. As of December 31, 2016, the Company owned and operated a fleet of six LNG carriers, consisting of the three LNG carriers in its Initial Fleet, the Clean Energy, the Ob River and the Amur River, and three 2013-built Ice Class LNG carriers that the Company acquired from its Sponsor the Arctic Aurora, the Yenisei River, and the Lena River (collectively referred as its Fleet).
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