Brokerages expect Dynagas LNG Partners LP (NYSE:DLNG – Get Rating) to post sales of $31.36 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Dynagas LNG Partners’ earnings. The highest sales estimate is $31.66 million and the lowest is $31.07 million. Dynagas LNG Partners posted sales of $33.45 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 6.2%. The business is scheduled to issue its next quarterly 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 financial year, with estimates ranging from $126.78 million to $128.97 million. For the next financial year, analysts expect that the company will report sales of $130.10 million, with estimates ranging from $129.64 million to $130.56 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Dynagas LNG Partners.
Dynagas LNG Partners (NYSE:DLNG – Get Rating) last issued its quarterly earnings results on Thursday, March 17th. The shipping company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The company had revenue of $35.68 million for the quarter, compared to analyst estimates of $33.75 million. Dynagas LNG Partners had a return on equity of 17.23% and a net margin of 38.67%. During the same period in the previous year, the company posted $0.22 earnings per share.
Shares of Dynagas LNG Partners stock opened at $3.95 on Friday. The firm has a market cap of $145.51 million, a price-to-earnings ratio of 3.46 and a beta of 1.75. The stock’s 50-day moving average is $3.51 and its 200-day moving average is $3.19. Dynagas LNG Partners has a one year low of $2.55 and a one year high of $4.40. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.79 and a quick ratio of 0.77.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DLNG. Citigroup Inc. bought a new stake in Dynagas LNG Partners during the first quarter worth about $34,000. Susquehanna International Group LLP increased its position in 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 worth $42,000 after buying an additional 13,258 shares during the last quarter. BNP Paribas Arbitrage SA acquired a new position in Dynagas LNG Partners during the first quarter worth approximately $159,000. UBS Group AG increased its position in Dynagas LNG Partners by 60.3% during the first quarter. UBS Group AG now owns 43,594 shares of the shipping company’s stock worth $175,000 after buying an additional 16,400 shares during the last quarter. Finally, Vanguard Capital Wealth Advisors acquired a new position in Dynagas LNG Partners during the first quarter worth approximately $175,000. Institutional investors and hedge funds own 21.11% of the company’s stock.
About Dynagas LNG Partners (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 29, 2022, its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,100 cubic meters.
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