Equities analysts expect that Dynagas LNG Partners LP (NYSE:DLNG) will announce sales of $34.63 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Dynagas LNG Partners’ earnings, with the highest sales estimate coming in at $35.90 million and the lowest estimate coming in at $32.99 million. Dynagas LNG Partners posted sales of $39.09 million in the same quarter last year, which would indicate a negative year over year growth rate of 11.4%. The firm is scheduled to announce its next quarterly earnings report on Thursday, June 14th.
On average, analysts expect that Dynagas LNG Partners will report full year sales of $34.63 million for the current financial year, with estimates ranging from $121.74 million to $161.10 million. For the next fiscal year, analysts expect that the firm will report sales of $165.59 million per share, with estimates ranging from $127.04 million to $193.45 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Dynagas LNG Partners.
Several equities analysts have recently weighed in on the company. Zacks Investment Research raised Dynagas LNG Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, March 6th. ValuEngine downgraded Dynagas LNG Partners from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Stifel Nicolaus downgraded Dynagas LNG Partners from a “buy” rating to a “hold” rating and cut their target price for the company from $17.00 to $11.00 in a research report on Thursday, December 28th. Morgan Stanley cut their target price on Dynagas LNG Partners from $13.00 to $11.50 and set an “equal weight” rating on the stock in a research report on Monday, February 12th. Finally, Maxim Group reissued a “buy” rating and set a $15.00 target price (down previously from $18.00) on shares of Dynagas LNG Partners in a research report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Dynagas LNG Partners currently has an average rating of “Hold” and an average target price of $13.38.
Shares of Dynagas LNG Partners (NYSE DLNG) opened at $10.25 on Monday. The stock has a market capitalization of $517.73, a P/E ratio of 19.34 and a beta of 1.22. The company has a debt-to-equity ratio of 2.90, a quick ratio of 2.95 and a current ratio of 3.08. Dynagas LNG Partners has a 12 month low of $10.09 and a 12 month high of $17.93.
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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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