$0.20 Earnings Per Share Expected for Dynagas LNG Partners LP (NYSE:DLNG) This Quarter

Analysts forecast that Dynagas LNG Partners LP (NYSE:DLNG) will report earnings per share (EPS) of $0.20 for the current quarter, Zacks reports. Two analysts have issued estimates for Dynagas LNG Partners’ earnings. Dynagas LNG Partners reported earnings per share of $0.21 in the same quarter last year, which would suggest a negative year-over-year growth rate of 4.8%. The company is scheduled to issue its next earnings results on Thursday, November 11th.

On average, analysts expect that Dynagas LNG Partners will report full year earnings of $0.83 per share for the current year, with EPS estimates ranging from $0.82 to $0.84. For the next financial year, analysts forecast that the company will report earnings of $0.72 per share, with EPS estimates ranging from $0.67 to $0.76. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Dynagas LNG Partners.

Dynagas LNG Partners (NYSE:DLNG) last posted its earnings results on Monday, September 6th. The shipping company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.01). Dynagas LNG Partners had a net margin of 33.52% and a return on equity of 17.92%.

A number of research firms have recently commented on DLNG. Zacks Investment Research cut Dynagas LNG Partners from a “hold” rating to a “sell” rating in a research report on Friday, September 10th. Jefferies Financial Group reiterated a “hold” rating and issued a $3.50 price objective on shares of Dynagas LNG Partners in a report on Tuesday, July 13th. Finally, Stifel Nicolaus upgraded Dynagas LNG Partners from a “hold” rating to a “buy” rating in a report on Friday, June 18th.

Shares of NYSE:DLNG traded up $0.01 during trading on Wednesday, reaching $3.01. 145 shares of the company’s stock traded hands, compared to its average volume of 89,097. Dynagas LNG Partners has a fifty-two week low of $1.99 and a fifty-two week high of $3.72. The company has a quick ratio of 4.37, a current ratio of 4.37 and a debt-to-equity ratio of 2.52. The firm has a market cap of $107.20 million, a PE ratio of 3.16 and a beta of 1.92. The company has a 50-day simple moving average of $3.09 and a 200-day simple moving average of $2.96.

Several institutional investors have recently modified their holdings of the company. UBS Group AG raised its position in shares of Dynagas LNG Partners by 89.0% during the 1st quarter. UBS Group AG now owns 30,694 shares of the shipping company’s stock valued at $88,000 after buying an additional 14,454 shares during the period. Gagnon Securities LLC purchased a new stake in shares of Dynagas LNG Partners during the 1st quarter valued at approximately $146,000. Morgan Stanley raised its position in shares of Dynagas LNG Partners by 98.8% during the 1st quarter. Morgan Stanley now owns 286,096 shares of the shipping company’s stock valued at $817,000 after buying an additional 142,157 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Dynagas LNG Partners by 0.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,193,933 shares of the shipping company’s stock valued at $3,976,000 after buying an additional 4,811 shares during the period. Institutional investors and hedge funds own 7.77% of the company’s stock.

Dynagas LNG Partners Company Profile

Dynagas LNG Partners LP engages in the provision of seaborne transportation services. It owns and operates liquefied natural gas carriers which are employed to energy companies under multi-year charters. The company was founded on May 30, 2013 and is headquartered in Monaco.

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