$0.17 Earnings Per Share Expected for Dynagas LNG Partners (DLNG) This Quarter

Analysts expect Dynagas LNG Partners (NYSE:DLNG) to announce $0.17 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Dynagas LNG Partners’ earnings. The highest EPS estimate is $0.24 and the lowest is $0.11. Dynagas LNG Partners posted earnings of $0.37 per share in the same quarter last year, which suggests a negative year over year growth rate of 54.1%. The firm is expected to issue its next earnings report on Thursday, June 14th.

According to Zacks, analysts expect that Dynagas LNG Partners will report full-year earnings of $0.38 per share for the current year, with EPS estimates ranging from ($0.07) to $0.77. For the next financial year, analysts expect that the company will report earnings of $0.48 per share, with EPS estimates ranging from $0.15 to $0.67. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Dynagas LNG Partners.

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Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings results on Thursday, February 15th. The shipping company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.02). The company had revenue of $34.45 million during the quarter, compared to the consensus estimate of $35.60 million. Dynagas LNG Partners had a return on equity of 11.99% and a net margin of 12.48%.

DLNG has been the subject of several recent research reports. Zacks Investment Research lowered Dynagas LNG Partners from a “hold” rating to a “sell” rating in a research report on Monday, March 19th. ValuEngine lowered Dynagas LNG Partners from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Stifel Nicolaus downgraded Dynagas LNG Partners from a “buy” rating to a “hold” rating and dropped their target price for the stock from $17.00 to $11.00 in a research note on Friday, December 22nd. Morgan Stanley dropped their target price on Dynagas LNG Partners from $13.00 to $11.50 and set an “equal weight” rating on the stock in a research note on Monday, February 12th. Finally, Jefferies Group initiated coverage on Dynagas LNG Partners in a research note on Monday, December 18th. They set a “buy” rating and a $19.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $13.38.

A number of hedge funds have recently made changes to their positions in DLNG. Koch Industries Inc. purchased a new position in Dynagas LNG Partners during the 4th quarter worth $128,000. Millennium Management LLC acquired a new position in shares of Dynagas LNG Partners during the fourth quarter valued at approximately $199,000. SeaCrest Wealth Management LLC acquired a new position in shares of Dynagas LNG Partners during the fourth quarter valued at approximately $380,000. Virtu Financial LLC acquired a new position in shares of Dynagas LNG Partners during the fourth quarter valued at approximately $416,000. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Dynagas LNG Partners by 138.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 40,601 shares of the shipping company’s stock valued at $441,000 after acquiring an additional 23,601 shares during the last quarter. Hedge funds and other institutional investors own 14.76% of the company’s stock.

DLNG opened at $10.56 on Friday. The firm has a market capitalization of $371.59, a PE ratio of 13.95 and a beta of 1.20. The company has a debt-to-equity ratio of 2.90, a current ratio of 3.08 and a quick ratio of 3.04. Dynagas LNG Partners has a 12 month low of $9.80 and a 12 month high of $17.93.

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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 20, 2017, its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 913,980 cubic meters.

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