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.

ILLEGAL ACTIVITY NOTICE: “Brokerages Anticipate Dynagas LNG Partners LP (NYSE:DLNG) Will Post Earnings of $0.17 Per Share” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark law. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/08/07/brokerages-anticipate-dynagas-lng-partners-lp-nysedlng-will-post-earnings-of-0-17-per-share.html.

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).

Get a free copy of the Zacks research report on Dynagas LNG Partners (DLNG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Dynagas LNG Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynagas LNG Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.