Dynagas LNG Partners LP (DLNG) Expected to Post Earnings of $0.17 Per Share
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.
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).
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.