Dynagas LNG Partners LP (NYSE:DLNG) Expected to Announce Earnings of $0.17 Per Share

Wall Street analysts predict that Dynagas LNG Partners LP (NYSE:DLNGGet Rating) will announce earnings per share of $0.17 for the current quarter, Zacks reports. Two analysts have provided estimates for Dynagas LNG Partners’ earnings, with the highest EPS estimate coming in at $0.17 and the lowest estimate coming in at $0.16. Dynagas LNG Partners posted earnings of $0.21 per share during the same quarter last year, which would indicate a negative year over year growth rate of 19%. The company is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Dynagas LNG Partners will report full year earnings of $0.72 per share for the current fiscal year, with EPS estimates ranging from $0.69 to $0.75. For the next financial year, analysts forecast that the firm will report earnings of $0.82 per share, with EPS estimates ranging from $0.80 to $0.83. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Dynagas LNG Partners.

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

DLNG has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Dynagas LNG Partners from a “hold” rating to a “buy” rating and set a $3.75 target price on the stock in a report on Thursday, April 28th. StockNews.com raised shares of Dynagas LNG Partners from a “buy” rating to a “strong-buy” rating in a report on Friday. Finally, Jefferies Financial Group began coverage on shares of Dynagas LNG Partners in a report on Wednesday, April 27th. They set a “hold” rating on the stock.

A number of large investors have recently made changes to their positions in the stock. Vanguard Capital Wealth Advisors purchased a new stake in Dynagas LNG Partners during the first quarter valued at about $175,000. Morgan Stanley raised its stake in shares of Dynagas LNG Partners by 6.7% during the second quarter. Morgan Stanley now owns 305,157 shares of the shipping company’s stock valued at $1,015,000 after acquiring an additional 19,061 shares during the last quarter. Susquehanna International Group LLP raised its stake in shares of Dynagas LNG Partners by 1,062.3% during the fourth quarter. Susquehanna International Group LLP now owns 14,506 shares of the shipping company’s stock valued at $42,000 after acquiring an additional 13,258 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Dynagas LNG Partners by 11.1% during the third quarter. Barclays PLC now owns 71,992 shares of the shipping company’s stock valued at $220,000 after acquiring an additional 7,192 shares during the last quarter. Institutional investors own 21.11% of the company’s stock.

NYSE:DLNG opened at $3.65 on Friday. The company has a current ratio of 0.19, a quick ratio of 5.76 and a debt-to-equity ratio of 2.38. The stock has a market capitalization of $134.47 million, a PE ratio of 3.20 and a beta of 1.75. The firm’s 50 day moving average is $3.29 and its 200 day moving average is $3.13. Dynagas LNG Partners has a 12 month low of $2.55 and a 12 month high of $4.40.

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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