Exploring Dynagas LNG Partners’ Q2 2018 Earnings Estimates

Target price

The consensus 12-month target price for Dynagas LNG Partners (DLNG) is $11.21. Based on its price on July 18, this target price implies a potential upside of 38.9%.

Seven analysts have made recommendations on Dynagas LNG Partners. Since the beginning of 2018, only one revision has been made on the stock. In April, Wells Fargo downgraded Dynagas LNG Partners to an “underperform” from a “market perform.”

Exploring Dynagas LNG Partners’ Q2 2018 Earnings Estimates

Of the seven analysts covering the stock, two have recommended “strong buys,” and one has recommended a “buy.” Three analysts have recommended “holds.” No analysts have recommended “sells,” but one has recommended a “strong sell” on Dynagas LNG Partners.

Liquefied natural gas (UNG) carriers Golar LNG Partners (GMLP), Teekay LNG Partners (TGP), GasLog Partners (GLOP), and Golar LNG (GLNG) also don’t have any “sell” or “strong sell” recommendations.

Revenue and earnings estimates

Dynagas LNG Partners is scheduled to release its second-quarter results on July 27. Wall Street analysts expect Dynagas LNG Partners’ second-quarter revenue to be $31.9 million compared to $33.9 million in the previous quarter and $31.9 million in the second quarter of 2017.

In 2018, DLNG’s revenue is expected to be $127.04 million, 8.6% lower than the $138.9 million it reported in 2017. In 2019, Dynagas LNG Partners’ revenue is expected to be $138.1 million.

Dynagas LNG Partners’ EBITDA is expected to be $23.4 million in the second quarter compared to $27.2 million in the previous quarter. The partnership’s EBITDA for 2018 is expected to be $90.5 million, 15.8% lower than its 2017 EBITDA of $107.5 million.