Brokerages predict that Dynagas LNG Partners LP (NYSE:DLNG) will report earnings of $0.17 per share for the current quarter, Zacks reports. Four analysts have made estimates for Dynagas LNG Partners’ earnings. The lowest EPS estimate is $0.11 and the highest is $0.25. Dynagas LNG Partners reported earnings per share of $0.49 during the same quarter last year, which suggests a negative year over year growth rate of 65.3%. The company is expected to issue its next earnings report on Monday, November 13th.

On average, analysts expect that Dynagas LNG Partners will report full-year earnings of $0.78 per share for the current financial year, with EPS estimates ranging from $0.73 to $0.82. For the next fiscal year, analysts forecast that the firm will report earnings of $0.73 per share, with EPS estimates ranging from $0.39 to $1.05. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Dynagas LNG Partners.

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

DLNG has been the subject of several analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $19.00 price objective on shares of Dynagas LNG Partners in a report on Friday, July 21st. Maxim Group restated a “buy” rating and issued a $18.00 target price on shares of Dynagas LNG Partners in a research note on Tuesday, September 5th. Jefferies Group LLC restated a “buy” rating and issued a $19.00 target price on shares of Dynagas LNG Partners in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded Dynagas LNG Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, BidaskClub lowered Dynagas LNG Partners from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Dynagas LNG Partners has an average rating of “Hold” and an average target price of $17.20.

Shares of Dynagas LNG Partners (NYSE DLNG) opened at 13.41 on Friday. The firm has a market capitalization of $476.39 million, a P/E ratio of 14.12 and a beta of 1.10. 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 price is $13.66 and its 200 day moving average price is $14.90.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 19th. Shareholders of record on Thursday, October 12th were given a dividend of $0.4225 per share. This represents a $1.69 annualized dividend and a yield of 12.60%. The ex-dividend date was Wednesday, October 11th. Dynagas LNG Partners’s dividend payout ratio is currently 176.04%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada grew its position in Dynagas LNG Partners by 45.4% during the 2nd quarter. Royal Bank of Canada now owns 7,043 shares of the shipping company’s stock worth $107,000 after purchasing an additional 2,200 shares during the period. California Public Employees Retirement System grew its position in shares of Dynagas LNG Partners by 2.2% during the 2nd quarter. California Public Employees Retirement System now owns 254,900 shares of the shipping company’s stock valued at $3,897,000 after acquiring an additional 5,500 shares during the period. Arrow Investment Advisors LLC acquired a new stake in shares of Dynagas LNG Partners during the 2nd quarter valued at about $610,000. Ameriprise Financial Inc. grew its position in shares of Dynagas LNG Partners by 20.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 42,088 shares of the shipping company’s stock valued at $644,000 after acquiring an additional 7,095 shares during the period. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Dynagas LNG Partners during the 2nd quarter valued at about $367,000. 19.63% of the stock is currently owned by institutional investors.

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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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