Dynagas LNG Partners LP(NYSE:DLNG) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $42.64M. Analysts estimated a revenue of $42.32M. Earnings per share were $0.48. Analysts had estimated an EPS of $0.43.
In a different note, On May 9, 2016, Credit Suisse said it Maintains its rating on Dynagas LNG Partners LP. In the research note, the firm Raises the price-target to $12.00 per share. The shares have been rated ‘Outperform’ by the firm.
Dynagas LNG Partners LP (DLNG) shares turned negative on Thursdays trading session with the shares closing down -0.05 points or -0.36% at a volume of 74,210. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $13.9399. The peak price level was also seen at $13.9399 while the days lowest was $13.63. Finally the shares closed at $13.72. The 52-week high of the shares is $15.7199 while the 52-week low is $6.7. According to the latest information available, the market cap of the company is $487 M.
Dynagas LNG Partners LP is a growth-oriented limited partnership. The Company is focused on owning and operating liquefied natural gas (LNG) carriers. The Company owns and operates a fleet of approximately five LNG carriers consisting of the three LNG carriers in its Initial Fleet the Clean Energy the Ob River and the Clean Force and two 2013-built Ice Class LNG carriers the Arctic Aurora and the Yenisei River. The vessels in the Company’s fleet have carrying capacity of between approximately 150000 and 155000 cubic meters (cbm). It consists of two series of sister vessels. The Company has approximately 39 LNG carriers in operation including the vessels with a carrying capacity of between 149000 and 155000 cbm and a membrane containment system. The Company’s Optional Vessels consist of five winterized newbuilding LNG carriers two of which have been contracted to operate under multi-year charters with Gazprom and Cheniere.