Brokerages expect Dynagas LNG Partners LP (NYSE:DLNG) to report $35.60 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Dynagas LNG Partners’ earnings. The highest sales estimate is $36.04 million and the lowest is $34.88 million. Dynagas LNG Partners posted sales of $41.39 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 14%. The company is scheduled to announce its next quarterly earnings results on Monday, February 26th.

According to Zacks, analysts expect that Dynagas LNG Partners will report full-year sales of $35.60 million for the current fiscal year, with estimates ranging from $136.71 million to $140.90 million. For the next fiscal year, analysts forecast that the company will post sales of $138.44 million per share, with estimates ranging from $130.80 million to $148.83 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Dynagas LNG Partners.

DLNG has been the subject of several analyst reports. Stifel Nicolaus restated a “buy” rating and set a $19.00 price target on shares of Dynagas LNG Partners in a research report on Sunday, October 1st. Jefferies Group restated a “buy” rating on shares of Dynagas LNG Partners in a research report on Tuesday, October 31st. Zacks Investment Research lowered shares of Dynagas LNG Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. ValuEngine raised shares of Dynagas LNG Partners from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Maxim Group reaffirmed a “buy” rating and set a $15.00 price objective (down from $18.00) on shares of Dynagas LNG Partners in a research note on Thursday, December 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $15.00.

A number of hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in Dynagas LNG Partners by 45.4% in the second quarter. Royal Bank of Canada now owns 7,043 shares of the shipping company’s stock worth $107,000 after buying an additional 2,200 shares in the last quarter. California Public Employees Retirement System raised its stake in Dynagas LNG Partners by 2.2% in the second quarter. California Public Employees Retirement System now owns 254,900 shares of the shipping company’s stock worth $3,897,000 after buying an additional 5,500 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Dynagas LNG Partners by 20.3% in the second quarter. Ameriprise Financial Inc. now owns 42,088 shares of the shipping company’s stock worth $644,000 after buying an additional 7,095 shares in the last quarter. Arrow Investment Advisors LLC raised its stake in Dynagas LNG Partners by 25.5% in the third quarter. Arrow Investment Advisors LLC now owns 50,039 shares of the shipping company’s stock worth $698,000 after buying an additional 10,171 shares in the last quarter. Finally, Marshall Wace North America L.P. bought a new position in Dynagas LNG Partners in the second quarter worth about $238,000. 17.36% of the stock is owned by institutional investors.

Shares of Dynagas LNG Partners (NYSE:DLNG) traded up $0.11 during trading hours on Thursday, reaching $11.83. 174,500 shares of the company traded hands, compared to its average volume of 283,100. The company has a debt-to-equity ratio of 2.78, a current ratio of 2.95 and a quick ratio of 2.95. Dynagas LNG Partners has a one year low of $10.66 and a one year high of $17.93. The stock has a market capitalization of $613.20, a price-to-earnings ratio of 14.60 and a beta of 1.07.

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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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