Equities research analysts expect that Dynagas LNG Partners LP (NYSE:DLNG) will report sales of $31.68 million 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 reported sales of $30.89 million in the same quarter last year, which indicates a positive year over year growth rate of 2.6%. The business is expected to announce its next earnings results on Friday, July 26th.

On average, analysts expect that Dynagas LNG Partners will report full year sales of $128.81 million for the current year, with estimates ranging from $125.75 million to $131.60 million. For the next financial year, analysts forecast that the firm will report sales of $131.93 million, with estimates ranging from $129.12 million to $134.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Dynagas LNG Partners.

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

DLNG has been the subject of a number of research reports. Morgan Stanley set a $60.00 price objective on shares of Berry Global Group and gave the company a “hold” rating in a research note on Wednesday, April 17th. Zacks Investment Research cut shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. ValuEngine raised shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Tuesday, April 30th. TheStreet cut shares of Twin Disc from a “b-” rating to a “c+” rating in a research note on Tuesday, June 11th. Finally, 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $4.71.

Large investors have recently bought and sold shares of the stock. GSA Capital Partners LLP bought a new stake in Dynagas LNG Partners during the 4th quarter valued at $234,000. Virtu Financial LLC bought a new stake in Dynagas LNG Partners during the 1st quarter valued at $39,000. Finally, Deutsche Bank AG raised its holdings in Dynagas LNG Partners by 9,163.4% during the 4th quarter. Deutsche Bank AG now owns 192,400 shares of the shipping company’s stock valued at $648,000 after buying an additional 190,323 shares during the last quarter. Institutional investors own 7.99% of the company’s stock.

Shares of Dynagas LNG Partners stock traded down $0.06 during trading on Thursday, reaching $1.51. The company’s stock had a trading volume of 200 shares, compared to its average volume of 196,872. Dynagas LNG Partners has a 52-week low of $1.37 and a 52-week high of $9.20. The company has a market cap of $52.53 million, a P/E ratio of 6.04 and a beta of 1.02. The firm has a 50-day simple moving average of $1.59.

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.

See Also: Intrinsic Value

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