Dynagas LNG Partners LP (DLNG) Set to Announce Earnings on Monday
Dynagas LNG Partners LP (NYSE:DLNG) will be posting its quarterly earnings results before the market opens on Monday, November 13th. Analysts expect Dynagas LNG Partners to post earnings of $0.20 per share for the quarter.
Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings data on Tuesday, September 5th. The shipping company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.10). The firm had revenue of $31.98 million during the quarter, compared to the consensus estimate of $33.70 million. Dynagas LNG Partners had a net margin of 26.03% and a return on equity of 19.22%. On average, analysts expect Dynagas LNG Partners to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Dynagas LNG Partners LP (DLNG) opened at $13.23 on Friday. Dynagas LNG Partners LP has a fifty-two week low of $12.21 and a fifty-two week high of $17.93. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 2.65. The firm has a market capitalization of $468.58, a PE ratio of 9.63 and a beta of 1.08.
The business also recently announced a quarterly dividend, which was paid on Thursday, October 19th. Shareholders of record on Thursday, October 12th were paid a $0.4225 dividend. The ex-dividend date of this dividend was Wednesday, October 11th. This represents a $1.69 annualized dividend and a yield of 12.77%. Dynagas LNG Partners’s dividend payout ratio (DPR) is presently 176.04%.
A number of brokerages have recently weighed in on DLNG. Zacks Investment Research upgraded Dynagas LNG Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub lowered Dynagas LNG Partners from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Stifel Nicolaus restated a “buy” rating and set a $19.00 price target on shares of Dynagas LNG Partners in a research note on Sunday, October 1st. Maxim Group restated a “buy” rating and set a $18.00 price target on shares of Dynagas LNG Partners in a research note on Tuesday, September 5th. Finally, Jefferies Group LLC restated a “buy” rating on shares of Dynagas LNG Partners in a research note on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Dynagas LNG Partners presently has an average rating of “Hold” and a consensus target price of $17.20.
About Dynagas LNG Partners
Dynagas LNG Partners LP is a limited partnership, which focuses on owning and operating liquid natural gas (LNG) carriers. The Company’s vessels are employed on multi-year time charters with international energy companies. As of December 31, 2016, the Company owned and operated a fleet of six LNG carriers, consisting of the three LNG carriers in its Initial Fleet, the Clean Energy, the Ob River and the Amur River, and three 2013-built Ice Class LNG carriers that the Company acquired from its Sponsor the Arctic Aurora, the Yenisei River, and the Lena River (collectively referred as its Fleet).
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