Brokerages expect that Dynagas LNG Partners LP (NYSE:DLNG) will post $31.68 million in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Dynagas LNG Partners’ earnings, with estimates ranging from $29.89 million to $33.40 million. Dynagas LNG Partners posted sales of $30.89 million in the same quarter last year, which suggests a positive year over year growth rate of 2.6%. The company is expected to issue its next earnings report on Friday, August 23rd.

According to Zacks, analysts expect that Dynagas LNG Partners will report full-year sales of $128.81 million for the current financial year, with estimates ranging from $125.75 million to $131.60 million. For the next financial year, analysts expect that the company will post sales of $131.93 million, with estimates ranging from $129.12 million to $134.60 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Dynagas LNG Partners.

Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly earnings data on Thursday, June 6th. The shipping company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). Dynagas LNG Partners had a net margin of 0.53% and a return on equity of 3.96%. The company had revenue of $31.40 million for the quarter, compared to the consensus estimate of $31.48 million.

A number of brokerages recently weighed in on DLNG. ValuEngine upgraded shares of Dynagas LNG Partners from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. TheStreet lowered shares of Dynagas LNG Partners from a “c-” rating to a “d” rating in a report on Tuesday, June 11th. B. Riley set a $2.00 price target on shares of Dynagas LNG Partners and gave the company a “hold” rating in a report on Thursday, June 6th. Finally, Zacks Investment Research lowered shares of Dynagas LNG Partners from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Dynagas LNG Partners currently has an average rating of “Hold” and an average price target of $4.71.

Several large investors have recently bought and sold shares of the company. LPL Financial LLC purchased a new stake in shares of Dynagas LNG Partners during the second quarter valued at approximately $30,000. Virtu Financial LLC purchased a new stake in Dynagas LNG Partners in the first quarter worth approximately $39,000. Finally, Deutsche Bank AG boosted its holdings in Dynagas LNG Partners by 9,163.4% in the fourth 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. Institutional investors and hedge funds own 7.86% of the company’s stock.

DLNG traded down $0.02 on Friday, reaching $1.22. 22,440 shares of the company traded hands, compared to its average volume of 42,257. Dynagas LNG Partners has a one year low of $1.15 and a one year high of $9.10. The firm has a fifty day simple moving average of $1.38 and a two-hundred day simple moving average of $1.96. The company has a market cap of $44.05 million, a P/E ratio of 24.80 and a beta of 1.02.

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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