Zacks: Analysts Expect Dynagas LNG Partners LP (NYSE:DLNG) Will Post Quarterly Sales of $31.68 Million

Analysts forecast that Dynagas LNG Partners LP (NYSE:DLNG) will post $31.68 million in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Dynagas LNG Partners’ earnings. The lowest sales estimate is $29.89 million and the highest is $33.40 million. Dynagas LNG Partners reported sales of $30.89 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.6%. The firm is scheduled to announce its next quarterly earnings results on Friday, August 2nd.

On average, analysts expect that Dynagas LNG Partners will report full year sales of $128.81 million for the current financial year, with estimates ranging from $125.75 million to $131.60 million. For the next fiscal year, analysts forecast that the company will post sales of $131.93 million, with estimates ranging from $129.12 million to $134.60 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Dynagas LNG Partners.

Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings data on Thursday, June 6th. The shipping company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.02). The company had revenue of $31.40 million for the quarter, compared to analysts’ expectations of $31.48 million. Dynagas LNG Partners had a net margin of 0.53% and a return on equity of 3.96%.

A number of research firms have recently commented on DLNG. ValuEngine upgraded Dynagas LNG Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Zacks Investment Research upgraded Dynagas LNG Partners from a “hold” rating to a “buy” rating and set a $1.75 target price on the stock in a research report on Tuesday, July 2nd. Morgan Stanley set a $3.00 target price on Dynagas LNG Partners and gave the company a “hold” rating in a research report on Wednesday, April 17th. B. Riley set a $2.00 price objective on Dynagas LNG Partners and gave the stock a “hold” rating in a report on Thursday, June 6th. Finally, TheStreet cut Dynagas LNG Partners from a “c-” rating to a “d” rating in a report on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $4.71.

An institutional investor recently raised its position in Dynagas LNG Partners stock. Deutsche Bank AG raised its stake in Dynagas LNG Partners LP (NYSE:DLNG) by 9,163.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,400 shares of the shipping company’s stock after acquiring an additional 190,323 shares during the period. Deutsche Bank AG owned 0.54% of Dynagas LNG Partners worth $648,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 7.94% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE DLNG traded down $0.04 during trading on Friday, reaching $1.41. 100 shares of the company traded hands, compared to its average volume of 57,936. The company has a fifty day moving average price of $1.49. The firm has a market cap of $50.56 million, a PE ratio of 5.88 and a beta of 1.02. Dynagas LNG Partners has a 12-month low of $1.34 and a 12-month high of $9.20.

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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