Analysts predict that Dynagas LNG Partners LP (NYSE:DLNG) will report $35.29 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Dynagas LNG Partners’ earnings, with estimates ranging from $33.19 million to $37.70 million. Dynagas LNG Partners posted sales of $43.09 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 18.1%. The company is expected to issue its next quarterly earnings report on Monday, November 13th.
On average, analysts expect that Dynagas LNG Partners will report full-year sales of $35.29 million for the current year, with estimates ranging from $135.34 million to $146.50 million. For the next financial year, analysts forecast that the business will report sales of $143.44 million per share, with estimates ranging from $127.40 million to $159.37 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Dynagas LNG Partners.
Dynagas LNG Partners (NYSE:DLNG) last issued its earnings results on Tuesday, September 5th. The shipping company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.10). Dynagas LNG Partners had a net margin of 26.03% and a return on equity of 19.22%. The firm had revenue of $31.98 million during the quarter, compared to analyst estimates of $33.70 million.
A number of research analysts recently weighed in on the company. Zacks Investment Research upgraded Dynagas LNG Partners from a “sell” rating to a “hold” rating in a report on Monday. BidaskClub cut Dynagas LNG Partners from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Stifel Nicolaus restated a “buy” rating and set a $19.00 price objective on shares of Dynagas LNG Partners in a research note on Sunday, October 1st. Maxim Group restated a “buy” rating and set a $18.00 price objective on shares of Dynagas LNG Partners in a research note on Tuesday, September 5th. Finally, Jefferies Group LLC restated a “buy” rating on shares of Dynagas LNG Partners in a research note on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $17.20.
Shares of Dynagas LNG Partners (NYSE:DLNG) traded down $0.21 during trading on Friday, reaching $13.02. The company had a trading volume of 53,300 shares, compared to its average volume of 153,666. Dynagas LNG Partners has a 52-week low of $12.21 and a 52-week high of $17.93. The firm has a market capitalization of $470.00, a PE ratio of 9.66 and a beta of 1.08. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 2.65.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 19th. Shareholders of record on Thursday, October 12th were paid a dividend of $0.4225 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 12.98%. The ex-dividend date of this dividend was Wednesday, October 11th. Dynagas LNG Partners’s dividend payout ratio is presently 176.04%.
Several institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada increased its position in shares of Dynagas LNG Partners by 45.4% during the second quarter. Royal Bank of Canada now owns 7,043 shares of the shipping company’s stock worth $107,000 after acquiring an additional 2,200 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Dynagas LNG Partners during the second quarter worth about $238,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Dynagas LNG Partners during the second quarter worth about $367,000. Goldman Sachs Group Inc. increased its position in shares of Dynagas LNG Partners by 86.0% during the first quarter. Goldman Sachs Group Inc. now owns 31,099 shares of the shipping company’s stock worth $548,000 after acquiring an additional 14,378 shares during the last quarter. Finally, Arrow Investment Advisors LLC purchased a new stake in shares of Dynagas LNG Partners during the second quarter worth about $610,000. Institutional investors own 19.62% of the company’s stock.
Dynagas LNG Partners Company Profile
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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