Dynagas LNG Partners LP (NYSE:DLNG) Expected to Post Quarterly Sales of $31.65 Million

Equities analysts predict that Dynagas LNG Partners LP (NYSE:DLNG – Get Rating) will report $31.65 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Dynagas LNG Partners’ earnings, with estimates ranging from $31.07 million to $32.23 million. Dynagas LNG Partners reported sales of $33.45 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 5.4%. The company is expected to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Dynagas LNG Partners will report full-year sales of $127.88 million for the current year, with estimates ranging from $126.78 million to $128.97 million. For the next financial year, analysts forecast that the company will report sales of $130.10 million, with estimates ranging from $129.64 million to $130.56 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Dynagas LNG Partners.

Dynagas LNG Partners (NYSE:DLNG – Get Rating) last posted its earnings results on Thursday, March 17th. The shipping company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.02. Dynagas LNG Partners had a return on equity of 17.23% and a net margin of 38.67%. The firm had revenue of $35.68 million for the quarter, compared to analysts’ expectations of $33.75 million. During the same period in the previous year, the firm earned $0.22 earnings per share.

Several research firms have recently issued reports on DLNG. StockNews.com assumed coverage on Dynagas LNG Partners in a research note on Monday, April 11th. They set a “buy” rating on the stock. Zacks Investment Research raised Dynagas LNG Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, January 19th.

A number of hedge funds have recently modified their holdings of the stock. Morgan Stanley grew its stake in shares of Dynagas LNG Partners by 6.7% in the second quarter. Morgan Stanley now owns 305,157 shares of the shipping company’s stock worth $1,015,000 after acquiring an additional 19,061 shares during the last quarter. Susquehanna International Group LLP grew its stake in shares of Dynagas LNG Partners by 1,062.3% in the fourth quarter. Susquehanna International Group LLP now owns 14,506 shares of the shipping company’s stock worth $42,000 after acquiring an additional 13,258 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Dynagas LNG Partners by 11.1% in the third quarter. Barclays PLC now owns 71,992 shares of the shipping company’s stock worth $220,000 after acquiring an additional 7,192 shares during the last quarter. 7.21% of the stock is currently owned by institutional investors.

DLNG opened at $3.25 on Monday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 5.76 and a current ratio of 0.19. Dynagas LNG Partners has a 52-week low of $2.55 and a 52-week high of $4.40. The stock has a market capitalization of $119.72 million, a PE ratio of 2.85 and a beta of 1.71. The stock’s 50 day moving average price is $3.26 and its 200-day moving average price is $3.11.

Dynagas LNG Partners Company Profile (Get Rating)

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 April 28, 2021, its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.

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