Equities research analysts expect Dynagas LNG Partners (NYSE:DLNG) to post earnings of $0.17 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Dynagas LNG Partners’ earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.24. Dynagas LNG Partners posted earnings of $0.37 per share in the same quarter last year, which would indicate a negative year over year growth rate of 54.1%. The business is expected to issue its next earnings results on Thursday, June 14th.
On average, analysts expect that Dynagas LNG Partners will report full year earnings of $0.38 per share for the current fiscal year, with EPS estimates ranging from ($0.07) to $0.77. For the next financial year, analysts forecast that the business will post earnings of $0.48 per share, with EPS estimates ranging from $0.15 to $0.67. Zacks’ EPS averages are an average based on a survey of research analysts that follow Dynagas LNG Partners.
Dynagas LNG Partners (NYSE:DLNG) last announced its earnings results on Thursday, February 15th. The shipping company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.02). The business had revenue of $34.45 million for the quarter, compared to analyst estimates of $35.60 million. Dynagas LNG Partners had a return on equity of 11.99% and a net margin of 12.48%.
Several analysts recently commented on DLNG shares. Zacks Investment Research cut Dynagas LNG Partners from a “hold” rating to a “sell” rating in a research report on Monday, March 19th. ValuEngine cut Dynagas LNG Partners from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Stifel Nicolaus cut Dynagas LNG Partners from a “buy” rating to a “hold” rating and dropped their price target for the stock from $17.00 to $11.00 in a research report on Thursday, December 28th. Jefferies Group set a $16.00 price target on Dynagas LNG Partners and gave the stock a “buy” rating in a research report on Saturday, February 17th. Finally, Morgan Stanley dropped their price target on Dynagas LNG Partners from $13.00 to $11.50 and set an “equal weight” rating for the company in a research report on Monday, February 12th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $12.38.
Shares of DLNG stock traded down $0.02 during trading hours on Friday, hitting $9.70. 415,359 shares of the company’s stock were exchanged, compared to its average volume of 153,761. The company has a debt-to-equity ratio of 2.90, a current ratio of 3.08 and a quick ratio of 3.04. The company has a market cap of $376.92, a price-to-earnings ratio of 13.11 and a beta of 1.20. Dynagas LNG Partners has a fifty-two week low of $9.12 and a fifty-two week high of $17.54.
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 3rd. Investors of record on Thursday, April 26th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 10.31%. The ex-dividend date is Wednesday, April 25th. Dynagas LNG Partners’s payout ratio is 228.38%.
Several institutional investors and hedge funds have recently modified their holdings of DLNG. Cambridge Investment Research Advisors Inc. grew its holdings in Dynagas LNG Partners by 138.8% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 40,601 shares of the shipping company’s stock valued at $441,000 after buying an additional 23,601 shares in the last quarter. Millennium Management LLC purchased a new stake in Dynagas LNG Partners in the 4th quarter valued at $199,000. Deutsche Bank AG purchased a new stake in Dynagas LNG Partners in the 4th quarter valued at $893,000. Renaissance Technologies LLC purchased a new stake in Dynagas LNG Partners in the 4th quarter valued at $891,000. Finally, Koch Industries Inc. purchased a new stake in Dynagas LNG Partners in the 4th quarter valued at $128,000. Hedge funds and other institutional investors own 14.76% of the company’s stock.
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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 20, 2017, its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 913,980 cubic meters.
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