Dynagas LNG Partners (NYSE:DLNG) – Jefferies Group decreased their Q2 2018 earnings estimates for shares of Dynagas LNG Partners in a report issued on Thursday, May 17th. Jefferies Group analyst R. Giveans now expects that the shipping company will post earnings per share of $0.05 for the quarter, down from their previous estimate of $0.12. Jefferies Group has a “Buy” rating and a $16.00 price objective on the stock. Jefferies Group also issued estimates for Dynagas LNG Partners’ FY2018 earnings at $0.28 EPS.
Dynagas LNG Partners (NYSE:DLNG) last posted its quarterly earnings data on Wednesday, May 16th. The shipping company reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Dynagas LNG Partners had a return on equity of 9.48% and a net margin of 6.93%. The business had revenue of $33.90 million for the quarter, compared to analysts’ expectations of $34.40 million.
Several other research analysts have also recently weighed in on DLNG. Clarkson Capital reissued a “neutral” rating on shares of Dynagas LNG Partners in a research report on Wednesday, May 2nd. ValuEngine cut Dynagas LNG Partners from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $10.00 price target on shares of Dynagas LNG Partners in a research report on Thursday, April 19th. Zacks Investment Research raised Dynagas LNG Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, February 21st. Finally, Maxim Group dropped their price target on Dynagas LNG Partners from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, April 19th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $11.10.
Dynagas LNG Partners opened at $8.03 on Monday, Marketbeat reports. The company has a debt-to-equity ratio of 2.90, a quick ratio of 3.04 and a current ratio of 3.08. Dynagas LNG Partners has a 1-year low of $7.51 and a 1-year high of $16.47. The firm has a market capitalization of $285.27 million, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 30.59 and a beta of 1.23.
Hedge funds and other institutional investors have recently modified their holdings of the company. Koch Industries Inc. purchased a new position in shares of Dynagas LNG Partners during the 4th quarter valued at $128,000. Millennium Management LLC purchased a new position in shares of Dynagas LNG Partners during the 4th quarter valued at $199,000. SeaCrest Wealth Management LLC purchased a new position in shares of Dynagas LNG Partners during the 4th quarter valued at $380,000. Virtu Financial LLC purchased a new stake in Dynagas LNG Partners during the 4th quarter worth about $416,000. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Dynagas LNG Partners by 138.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 40,601 shares of the shipping company’s stock worth $441,000 after purchasing an additional 23,601 shares in the last quarter. 14.64% of the stock is currently owned by hedge funds and other institutional investors.
The company also recently declared a quarterly dividend, which was paid on Thursday, May 3rd. Stockholders of record on Thursday, April 26th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, April 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.45%. Dynagas LNG Partners’s dividend payout ratio is presently 135.14%.
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 9, 2018, its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.
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