$31.48 Million in Sales Expected for Dynagas LNG Partners LP (DLNG) This Quarter

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Wall Street analysts predict that Dynagas LNG Partners LP (NYSE:DLNG) will report sales of $31.48 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Dynagas LNG Partners’ earnings, with estimates ranging from $30.87 million to $32.10 million. Dynagas LNG Partners reported sales of $33.90 million during the same quarter last year, which indicates a negative year-over-year growth rate of 7.1%. The company is scheduled to issue its next earnings report on Wednesday, May 29th.

According to Zacks, analysts expect that Dynagas LNG Partners will report full year sales of $128.68 million for the current fiscal year, with estimates ranging from $126.56 million to $131.20 million. For the next financial year, analysts expect that the company will post sales of $130.97 million, with estimates ranging from $128.79 million to $134.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Dynagas LNG Partners.

Dynagas LNG Partners (NYSE:DLNG) last issued its earnings results on Thursday, March 21st. The shipping company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.06). The firm had revenue of $31.02 million during the quarter, compared to analysts’ expectations of $32.41 million. Dynagas LNG Partners had a return on equity of 6.33% and a net margin of 2.84%.

DLNG has been the subject of a number of analyst reports. B. Riley lowered Dynagas LNG Partners from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $10.50 to $2.65 in a research note on Monday, January 28th. ValuEngine lowered Dynagas LNG Partners from a “sell” rating to a “strong sell” rating in a research note on Tuesday, January 29th. Jefferies Financial Group lowered Dynagas LNG Partners from a “buy” rating to a “hold” rating and set a $3.00 price objective for the company. in a research note on Tuesday, January 29th. Zacks Investment Research lowered Dynagas LNG Partners from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Morgan Stanley set a $3.00 price objective on Dynagas LNG Partners and gave the company a “hold” rating in a research note on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $4.95.

DLNG traded down $0.35 during midday trading on Friday, hitting $1.53. The stock had a trading volume of 570,169 shares, compared to its average volume of 220,983. The firm has a market cap of $54.36 million, a P/E ratio of 6.38 and a beta of 0.92. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.41 and a quick ratio of 0.41. Dynagas LNG Partners has a 1 year low of $1.44 and a 1 year high of $9.20.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, May 3rd were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 16.34%. The ex-dividend date was Thursday, May 2nd. Dynagas LNG Partners’s dividend payout ratio (DPR) is presently 104.17%.

Several large investors have recently added to or reduced their stakes in the company. Wiley BROS. Aintree Capital LLC bought a new position in shares of Dynagas LNG Partners during the fourth quarter valued at approximately $30,000. GSA Capital Partners LLP bought a new position in shares of Dynagas LNG Partners during the fourth quarter valued at approximately $234,000. Virtu Financial LLC bought a new position in shares of Dynagas LNG Partners during the first quarter valued at approximately $39,000. Goldman Sachs Group Inc. bought a new position in shares of Dynagas LNG Partners during the first quarter valued at approximately $2,057,000. Finally, Nut Tree Capital Management LP bought a new position in shares of Dynagas LNG Partners during the first quarter valued at approximately $610,000.

Dynagas LNG Partners Company Profile

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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