Brokerages expect Dynagas LNG Partners LP (NYSE:DLNG) to announce sales of $33.45 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Dynagas LNG Partners’ earnings, with the lowest sales estimate coming in at $33.07 million and the highest estimate coming in at $33.82 million. Dynagas LNG Partners posted sales of $34.35 million in the same quarter last year, which would indicate a negative year over year growth rate of 2.6%. The company is scheduled to issue its next quarterly earnings results on Thursday, November 11th.
According to Zacks, analysts expect that Dynagas LNG Partners will report full-year sales of $133.88 million for the current fiscal year, with estimates ranging from $132.15 million to $135.61 million. For the next financial year, analysts forecast that the business will report sales of $128.69 million, with estimates ranging from $125.49 million to $131.89 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Dynagas LNG Partners.
Dynagas LNG Partners (NYSE:DLNG) last announced its earnings results on Monday, September 6th. The shipping company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ 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%.
DLNG stock traded up $0.01 during trading on Friday, hitting $3.01. The company had a trading volume of 145 shares, compared to its average volume of 89,097. The business has a 50-day moving average of $3.09 and a 200-day moving average of $2.96. Dynagas LNG Partners has a one year low of $1.99 and a one year high of $3.72. The stock has a market cap of $107.20 million, a PE ratio of 3.16 and a beta of 1.92. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 2.52.
A number of large investors have recently made changes to their positions in DLNG. Morgan Stanley grew its stake in Dynagas LNG Partners by 98.8% in the 1st quarter. Morgan Stanley now owns 286,096 shares of the shipping company’s stock valued at $817,000 after purchasing an additional 142,157 shares during the period. Gagnon Securities LLC bought a new position in Dynagas LNG Partners in the 1st quarter valued at $146,000. UBS Group AG grew its stake 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 worth $88,000 after acquiring an additional 14,454 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake 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 worth $3,976,000 after acquiring an additional 4,811 shares during the period. Hedge funds and other institutional investors own 7.77% of the company’s stock.
About Dynagas LNG Partners
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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