Equities analysts forecast that Dynagas LNG Partners LP (NYSE:DLNG) will report earnings per share of ($0.01) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Dynagas LNG Partners’ earnings, with estimates ranging from ($0.04) to $0.02. Dynagas LNG Partners reported earnings per share of $0.16 during the same quarter last year, which suggests a negative year-over-year growth rate of 106.3%. The business is expected to issue its next quarterly earnings results after the market closes on Wednesday, June 5th.
On average, analysts expect that Dynagas LNG Partners will report full year earnings of $0.06 per share for the current financial year, with EPS estimates ranging from $0.00 to $0.20. For the next year, analysts expect that the company will post earnings of $0.23 per share, with EPS estimates ranging from $0.11 to $0.45. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Dynagas LNG Partners.
Dynagas LNG Partners (NYSE:DLNG) last released its earnings results on Thursday, March 21st. The shipping company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.06). Dynagas LNG Partners had a return on equity of 4.04% and a net margin of 0.53%. The company had revenue of $31.02 million during the quarter, compared to analyst estimates of $32.41 million.
A number of brokerages have weighed in on DLNG. Morgan Stanley set a $3.00 price target on shares of Dynagas LNG Partners and gave the company a “hold” rating in a research report on Friday, February 15th. Zacks Investment Research upgraded shares of Dynagas LNG Partners from a “hold” rating to a “buy” rating and set a $2.75 price objective on the stock in a research note on Thursday, February 21st. ValuEngine upgraded shares of Dynagas LNG Partners from a “strong sell” rating to a “sell” rating in a research note on Friday, March 22nd. B. Riley set a $2.00 price objective on shares of Dynagas LNG Partners and gave the company a “hold” rating in a research note on Thursday, June 6th. Finally, TheStreet lowered shares of Dynagas LNG Partners from a “c-” rating to a “d” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Dynagas LNG Partners presently has a consensus rating of “Hold” and a consensus target price of $4.86.
Hedge funds have recently made changes to their positions in the business. Wiley BROS. Aintree Capital LLC bought a new position in shares of Dynagas LNG Partners in the 4th quarter worth about $30,000. Virtu Financial LLC bought a new position in shares of Dynagas LNG Partners in the 1st quarter worth about $39,000. GSA Capital Partners LLP bought a new position in shares of Dynagas LNG Partners in the 4th quarter worth about $234,000. Deutsche Bank AG lifted its position in shares of Dynagas LNG Partners by 9,163.4% in the 4th quarter. Deutsche Bank AG now owns 192,400 shares of the shipping company’s stock worth $648,000 after buying an additional 190,323 shares during the last quarter. Finally, Nut Tree Capital Management LP bought a new position in shares of Dynagas LNG Partners in the 1st quarter worth about $610,000.
Shares of DLNG traded down $0.15 during mid-day trading on Friday, hitting $1.58. The company had a trading volume of 111,782 shares, compared to its average volume of 213,713. Dynagas LNG Partners has a 1-year low of $1.44 and a 1-year high of $9.20.
Dynagas LNG Partners Company Profile
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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