Dynagas LNG Partners LP (NYSE:DLNG) Expected to Announce Quarterly Sales of $31.68 Million

Wall Street analysts expect Dynagas LNG Partners LP (NYSE:DLNG) to announce $31.68 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued 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 in the same quarter last year, which would suggest a positive year over year growth rate of 2.6%. The business is scheduled to issue its next earnings results after the market closes on Thursday, September 26th.

According to Zacks, 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 year, analysts expect that the company will post sales of $131.93 million, with estimates ranging from $129.12 million to $134.60 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Dynagas LNG Partners.

Several analysts have recently commented on DLNG shares. Zacks Investment Research lowered shares of Dynagas LNG Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. TheStreet lowered shares of Dynagas LNG Partners from a “c-” rating to a “d” rating in a research report on Tuesday, June 11th. B. Riley set a $2.00 price target on shares of Dynagas LNG Partners and gave the company a “hold” rating in a research report on Thursday, June 6th. Finally, ValuEngine raised shares of Dynagas LNG Partners from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $4.00.

An institutional investor recently bought a new position in Dynagas LNG Partners stock. LPL Financial LLC bought a new stake in Dynagas LNG Partners LP (NYSE:DLNG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 20,481 shares of the shipping company’s stock, valued at approximately $30,000. LPL Financial LLC owned about 0.06% of Dynagas LNG Partners as of its most recent filing with the Securities and Exchange Commission. 8.22% of the stock is owned by institutional investors.

Shares of DLNG stock traded up $0.02 during trading on Monday, hitting $1.24. 68,995 shares of the stock traded hands, compared to its average volume of 156,734. The firm has a market capitalization of $43.44 million, a P/E ratio of 5.17 and a beta of 1.01. The firm’s fifty day moving average price is $1.29 and its 200-day moving average price is $1.83. Dynagas LNG Partners has a 52-week low of $1.15 and a 52-week high of $9.05.

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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