Brokerages predict that Dynagas LNG Partners LP (NYSE:DLNG) will post sales of $31.48 million for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Dynagas LNG Partners’ earnings. The highest sales estimate is $32.10 million and the lowest is $30.87 million. Dynagas LNG Partners reported sales of $33.90 million in the same quarter last year, which would suggest a negative year over year growth rate of 7.1%. The business is expected to report its next quarterly earnings report after the market closes on Wednesday, June 5th.
On average, analysts expect that Dynagas LNG Partners will report full year sales of $129.19 million for the current year, with estimates ranging from $125.75 million to $131.60 million. For the next fiscal year, analysts anticipate that the business will report sales of $131.93 million, with estimates ranging from $129.12 million to $134.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Dynagas LNG Partners.
Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings results on Thursday, March 21st. The shipping company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.06). The firm had revenue of $31.02 million during the quarter, compared to the consensus estimate of $32.41 million. Dynagas LNG Partners had a return on equity of 4.04% and a net margin of 0.53%.
A number of research firms recently commented on DLNG. Zacks Investment Research cut Dynagas LNG Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, May 28th. ValuEngine raised shares of Dynagas LNG Partners from a “strong sell” rating to a “sell” rating in a research note on Friday, March 22nd. TheStreet downgraded shares of Dynagas LNG Partners from a “c-” rating to a “d” rating in a research note on Tuesday. B. Riley set a $2.00 target price on shares of Dynagas LNG Partners and gave the stock a “hold” rating in a research note on Thursday, June 6th. Finally, Morgan Stanley set a $3.00 target price on shares of Dynagas LNG Partners and gave the stock a “hold” rating in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $4.86.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. acquired a new stake in Dynagas LNG Partners during the 1st quarter worth $2,057,000. Nut Tree Capital Management LP acquired a new stake in shares of Dynagas LNG Partners during the 1st quarter worth about $610,000. Deutsche Bank AG boosted its stake in shares of Dynagas LNG Partners by 9,163.4% during the 4th quarter. Deutsche Bank AG now owns 192,400 shares of the shipping company’s stock worth $648,000 after purchasing an additional 190,323 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Dynagas LNG Partners during the 4th quarter worth about $234,000. Finally, Virtu Financial LLC acquired a new stake in shares of Dynagas LNG Partners during the 1st quarter worth about $39,000.
Shares of Dynagas LNG Partners stock traded down $0.15 during trading on Tuesday, hitting $1.58. The stock had a trading volume of 111,782 shares, compared to its average volume of 213,713. Dynagas LNG Partners has a 12 month low of $1.44 and a 12 month high of $9.20.
About Dynagas LNG Partners
Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry worldwide. The company owns and operates liquefied natural gas (LNG) carriers. As of March 9, 2018, its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.
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