Dynagas LNG Partners (DLNG) Projected to Post Quarterly Earnings on Thursday

Dynagas LNG Partners (NYSE:DLNG) is anticipated to issue its quarterly earnings data before the market opens on Thursday, March 27th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $38.34 million for the quarter.

Dynagas LNG Partners (NYSE:DLNG) last issued its quarterly earnings results on Thursday, March 6th. The shipping company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. Dynagas LNG Partners had a return on equity of 14.73% and a net margin of 31.63%. The firm had revenue of $41.66 million during the quarter, compared to the consensus estimate of $38.34 million. On average, analysts expect Dynagas LNG Partners to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Dynagas LNG Partners Stock Down 1.0 %

DLNG stock opened at $3.91 on Wednesday. The company’s 50 day moving average is $4.35 and its 200 day moving average is $4.33. The stock has a market cap of $143.90 million, a price-to-earnings ratio of 4.07 and a beta of 1.37. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.95. Dynagas LNG Partners has a 1-year low of $2.60 and a 1-year high of $5.65.

Dynagas LNG Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Monday, February 24th were issued a $0.049 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend was Monday, February 24th. Dynagas LNG Partners’s payout ratio is 18.27%.

Analysts Set New Price Targets

Separately, StockNews.com cut Dynagas LNG Partners from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 20th.

About Dynagas LNG Partners

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry in Greece and internationally. The company owns and operates liquefied natural gas (LNG) carriers. Its fleet consists of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.