Zacks: Analysts Expect Dynagas LNG Partners LP (NYSE:DLNG) Will Post Quarterly Sales of $33.09 Million

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Equities analysts predict that Dynagas LNG Partners LP (NYSE:DLNG) will report sales of $33.09 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Dynagas LNG Partners’ earnings, with the lowest sales estimate coming in at $32.46 million and the highest estimate coming in at $33.82 million. Dynagas LNG Partners reported sales of $31.02 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.7%. The firm is expected to announce its next quarterly earnings results on Thursday, March 19th.

According to Zacks, analysts expect that Dynagas LNG Partners will report full year sales of $128.68 million for the current fiscal year, with estimates ranging from $127.00 million to $130.41 million. For the next financial year, analysts anticipate that the firm will report sales of $131.37 million, with estimates ranging from $129.12 million to $133.60 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Dynagas LNG Partners.

Separately, Zacks Investment Research downgraded Dynagas LNG Partners from a “buy” rating to a “hold” rating in a research note on Friday, January 24th. Four investment analysts have rated the stock with a hold rating, Dynagas LNG Partners has a consensus rating of “Hold” and a consensus price target of $2.52.

NYSE DLNG traded down $0.11 during mid-day trading on Friday, hitting $1.71. The stock had a trading volume of 63,600 shares, compared to its average volume of 59,760. Dynagas LNG Partners has a 52-week low of $1.15 and a 52-week high of $2.69. The company has a market cap of $61.11 million, a price-to-earnings ratio of -4.28 and a beta of 1.26. The company has a 50 day simple moving average of $2.00 and a 200 day simple moving average of $1.83. The company has a quick ratio of 15.16, a current ratio of 15.16 and a debt-to-equity ratio of 4.96.

An institutional investor recently bought a new position in Dynagas LNG Partners stock. Virtu Financial LLC purchased a new position in Dynagas LNG Partners LP (NYSE:DLNG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 29,446 shares of the shipping company’s stock, valued at approximately $62,000. Virtu Financial LLC owned about 0.08% of Dynagas LNG Partners as of its most recent SEC filing. Institutional investors and hedge funds own 7.73% of the company’s stock.

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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