Wall Street brokerages forecast that Dynagas LNG Partners LP (NYSE:DLNG) will report sales of $35.29 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Dynagas LNG Partners’ earnings. The highest sales estimate is $37.70 million and the lowest is $33.19 million. Dynagas LNG Partners posted sales of $43.09 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 18.1%. The business is expected to issue its next quarterly earnings report on Monday, November 13th.

According to Zacks, analysts expect that Dynagas LNG Partners will report full-year sales of $35.29 million for the current year, with estimates ranging from $135.34 million to $146.50 million. For the next financial year, analysts expect that the firm will post sales of $143.44 million per share, with estimates ranging from $127.40 million to $159.37 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Dynagas LNG Partners.

Dynagas LNG Partners (NYSE:DLNG) last issued its quarterly earnings data on Tuesday, September 5th. The shipping company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.10). Dynagas LNG Partners had a net margin of 26.03% and a return on equity of 19.22%. The company had revenue of $31.98 million during the quarter, compared to analysts’ expectations of $33.70 million.

DLNG has been the topic of a number of research analyst reports. BidaskClub cut Dynagas LNG Partners from a “sell” rating to a “strong sell” rating in a report on Saturday, September 2nd. Maxim Group restated a “buy” rating and set a $18.00 price target on shares of Dynagas LNG Partners in a research note on Tuesday, September 5th. Morgan Stanley dropped their price target on Dynagas LNG Partners to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 13th. Stifel Nicolaus restated a “buy” rating and issued a $19.00 price objective on shares of Dynagas LNG Partners in a report on Friday, July 21st. Finally, Zacks Investment Research upgraded Dynagas LNG Partners from a “sell” rating to a “hold” rating in a report on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Dynagas LNG Partners presently has a consensus rating of “Hold” and an average price target of $17.20.

Dynagas LNG Partners (NYSE DLNG) traded down 0.29% during trading on Wednesday, reaching $13.98. The company had a trading volume of 114,565 shares. Dynagas LNG Partners has a 12 month low of $12.76 and a 12 month high of $17.93. The firm’s 50 day moving average is $13.85 and its 200-day moving average is $15.20. The company has a market capitalization of $496.64 million, a P/E ratio of 14.72 and a beta of 1.10.

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Several large investors have recently bought and sold shares of DLNG. Ameriprise Financial Inc. purchased a new stake in Dynagas LNG Partners during the 1st quarter worth $643,000. Van ECK Associates Corp acquired a new stake in Dynagas LNG Partners in the 1st quarter valued at $4,484,000. Renaissance Technologies LLC increased its holdings in Dynagas LNG Partners by 68.0% in the 1st quarter. Renaissance Technologies LLC now owns 270,126 shares of the shipping company’s stock valued at $4,760,000 after purchasing an additional 109,302 shares in the last quarter. Bank of America Corp DE increased its holdings in Dynagas LNG Partners by 10.4% in the 1st quarter. Bank of America Corp DE now owns 638,715 shares of the shipping company’s stock valued at $11,254,000 after purchasing an additional 60,224 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Dynagas LNG Partners by 86.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 31,099 shares of the shipping company’s stock valued at $548,000 after purchasing an additional 14,378 shares in the last quarter. Institutional investors and hedge funds own 19.63% of the company’s stock.

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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