Dynagas LNG Partners LP (DLNG) Expected to Post Earnings of $0.18 Per Share

Wall Street brokerages forecast that Dynagas LNG Partners LP (NYSE:DLNG) will report earnings per share (EPS) of $0.18 for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Dynagas LNG Partners’ earnings, with the lowest EPS estimate coming in at $0.14 and the highest estimate coming in at $0.22. Dynagas LNG Partners reported earnings of $0.44 per share during the same quarter last year, which would suggest a negative year over year growth rate of 59.1%. The firm is scheduled to issue its next earnings report on Monday, February 26th.

According to Zacks, 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 $0.77 to $0.78. For the next financial year, analysts expect that the business will report earnings of $0.51 per share, with EPS estimates ranging from $0.17 to $0.73. Zacks Investment Research’s earnings per share averages 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 released its quarterly earnings data on Tuesday, December 5th. The shipping company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02). Dynagas LNG Partners had a net margin of 18.63% and a return on equity of 15.57%.

A number of equities research analysts have commented on DLNG shares. Jefferies Group reiterated a “buy” rating on shares of Dynagas LNG Partners in a report on Tuesday, October 31st. Stifel Nicolaus reiterated a “buy” rating and set a $19.00 target price on shares of Dynagas LNG Partners in a report on Sunday, October 1st. Maxim Group reiterated a “buy” rating and set a $15.00 target price (down previously from $18.00) on shares of Dynagas LNG Partners in a report on Thursday, December 14th. ValuEngine upgraded Dynagas LNG Partners from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Zacks Investment Research upgraded Dynagas LNG Partners from a “sell” rating to a “hold” rating in a report on Monday, November 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $15.00.

A number of large investors have recently made changes to their positions in DLNG. Royal Bank of Canada grew its holdings 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 valued at $107,000 after buying an additional 2,200 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Dynagas LNG Partners by 20.3% during the second quarter. Ameriprise Financial Inc. now owns 42,088 shares of the shipping company’s stock worth $644,000 after purchasing an additional 7,095 shares during the last quarter. Arrow Investment Advisors LLC boosted its holdings in shares of Dynagas LNG Partners by 25.5% during the third quarter. Arrow Investment Advisors LLC now owns 50,039 shares of the shipping company’s stock worth $698,000 after purchasing an additional 10,171 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings in shares of Dynagas LNG Partners by 2.2% during the second quarter. California Public Employees Retirement System now owns 254,900 shares of the shipping company’s stock worth $3,897,000 after purchasing an additional 5,500 shares during the last quarter. Hedge funds and other institutional investors own 17.36% of the company’s stock.

Shares of Dynagas LNG Partners (NYSE:DLNG) opened at $11.68 on Friday. The company has a market capitalization of $589.96, a price-to-earnings ratio of 14.42 and a beta of 1.07. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 2.78. Dynagas LNG Partners has a fifty-two week low of $10.66 and a fifty-two week high of $17.93.

The business also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Thursday, January 11th were issued a dividend of $0.4225 per share. This represents a $1.69 dividend on an annualized basis and a yield of 14.47%. The ex-dividend date was Wednesday, January 10th. Dynagas LNG Partners’s dividend payout ratio (DPR) is presently 208.64%.

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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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