FY2018 EPS Estimates for Dynagas LNG Partners LP (DLNG) Lifted by B. Riley

Dynagas LNG Partners LP (NYSE:DLNG) – Investment analysts at B. Riley boosted their FY2018 EPS estimates for shares of Dynagas LNG Partners in a research note issued on Monday, November 19th. B. Riley analyst L. Burke now expects that the shipping company will earn $0.30 per share for the year, up from their previous forecast of $0.21. B. Riley currently has a “Buy” rating and a $10.50 target price on the stock. B. Riley also issued estimates for Dynagas LNG Partners’ FY2019 earnings at $0.34 EPS.

A number of other research firms have also commented on DLNG. Maxim Group reissued a “buy” rating on shares of Dynagas LNG Partners in a research report on Friday. Zacks Investment Research raised shares of Dynagas LNG Partners from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Berenberg Bank started coverage on shares of Dynagas LNG Partners in a research report on Thursday, September 6th. They issued a “hold” rating and a $9.00 price target on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $9.00 price target on shares of Dynagas LNG Partners in a research report on Sunday. Finally, ValuEngine lowered shares of Dynagas LNG Partners from a “hold” rating to a “sell” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Dynagas LNG Partners has a consensus rating of “Hold” and an average price target of $10.47.

NYSE:DLNG opened at $6.07 on Tuesday. Dynagas LNG Partners has a 12 month low of $6.03 and a 12 month high of $13.97. The company has a market capitalization of $237.66 million, a PE ratio of 8.20, a PEG ratio of 19.49 and a beta of 1.16. The company has a debt-to-equity ratio of 3.19, a quick ratio of 2.81 and a current ratio of 2.81.

Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings results on Thursday, November 15th. The shipping company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.05). Dynagas LNG Partners had a net margin of 7.78% and a return on equity of 8.93%. The firm had revenue of $31.32 million during the quarter, compared to the consensus estimate of $30.82 million.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Friday, October 19th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, October 18th. This represents a $1.00 annualized dividend and a dividend yield of 16.47%. Dynagas LNG Partners’s payout ratio is 135.14%.

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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