Brokerages Anticipate Dynagas LNG Partners LP (NYSE:DLNG) Will Post Earnings of $0.17 Per Share
Wall Street analysts expect Dynagas LNG Partners LP (NYSE:DLNG) to post earnings of $0.17 per share for the current quarter, Zacks reports. Two analysts have made estimates for Dynagas LNG Partners’ earnings. The highest EPS estimate is $0.23 and the lowest is $0.09. Dynagas LNG Partners reported earnings of $0.48 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 64.6%. The firm is expected to report its next earnings results on Thursday, August 10th.
On average, analysts expect that Dynagas LNG Partners will report full year earnings of $0.97 per share for the current financial year, with EPS estimates ranging from $0.90 to $1.09. For the next fiscal year, analysts forecast that the business will post earnings of $0.96 per share, with EPS estimates ranging from $0.71 to $1.34. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Dynagas LNG Partners.
Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly earnings data on Thursday, June 8th. The shipping company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.03. Dynagas LNG Partners had a net margin of 37.68% and a return on equity of 23.74%. The company had revenue of $39.09 million during the quarter, compared to analysts’ expectations of $40.38 million.
A number of brokerages have issued reports on DLNG. Morgan Stanley cut their target price on shares of Dynagas LNG Partners to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 13th. Maxim Group set a $20.00 price objective on shares of Dynagas LNG Partners and gave the company a “buy” rating in a research report on Thursday, June 8th. Zacks Investment Research raised shares of Dynagas LNG Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. BidaskClub lowered shares of Dynagas LNG Partners from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $19.00 price objective on shares of Dynagas LNG Partners in a research report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Dynagas LNG Partners currently has an average rating of “Hold” and a consensus price target of $16.25.
Several institutional investors have recently bought and sold shares of DLNG. Marshall Wace North America L.P. purchased a new position in Dynagas LNG Partners during the second quarter worth $238,000. Proficio Capital Partners LLC raised its position in Dynagas LNG Partners by 48.5% in the second quarter. Proficio Capital Partners LLC now owns 73,050 shares of the shipping company’s stock worth $1,075,000 after buying an additional 23,850 shares in the last quarter. Clearbridge Investments LLC raised its position in Dynagas LNG Partners by 16.3% in the first quarter. Clearbridge Investments LLC now owns 1,469,530 shares of the shipping company’s stock worth $25,893,000 after buying an additional 205,730 shares in the last quarter. Pointe Capital Management LLC purchased a new position in Dynagas LNG Partners during the first quarter worth $526,000. Finally, Goldman Sachs Group Inc. raised its position in Dynagas LNG Partners by 86.0% in the first quarter. Goldman Sachs Group Inc. now owns 31,099 shares of the shipping company’s stock worth $548,000 after buying an additional 14,378 shares in the last quarter. 21.73% of the stock is owned by institutional investors and hedge funds.
Shares of Dynagas LNG Partners (NYSE:DLNG) traded up 0.75% during mid-day trading on Monday, reaching $14.76. 98,934 shares of the company traded hands. The company has a market capitalization of $524.35 million, a P/E ratio of 9.38 and a beta of 1.10. The stock’s 50-day moving average is $14.88 and its 200-day moving average is $16.00. Dynagas LNG Partners has a 52 week low of $12.76 and a 52 week high of $17.93.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 18th. Stockholders of record on Tuesday, July 11th were given a $0.4225 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 11.45%. The ex-dividend date of this dividend was Friday, July 7th. Dynagas LNG Partners’s dividend payout ratio is presently 106.96%.
Dynagas LNG Partners Company Profile
Dynagas LNG Partners LP is a limited partnership, which focuses on owning and operating liquid natural gas (LNG) carriers. The Company’s vessels are employed on multi-year time charters with international energy companies. As of December 31, 2016, the Company owned and operated a fleet of six LNG carriers, consisting of the three LNG carriers in its Initial Fleet, the Clean Energy, the Ob River and the Amur River, and three 2013-built Ice Class LNG carriers that the Company acquired from its Sponsor the Arctic Aurora, the Yenisei River, and the Lena River (collectively referred as its Fleet).
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