Quarterly EPS Forecast Review: Dynagas LNG Partners LP (DLNG)


The shipping company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.05) by $0.12. It has underperformed by 3.13% the S&P500. The average revenue per share growth rate of Teekay Offshore Partners LP during the past 12 months was -40.8 percent. The stock traded on unusually plummeted volume of 228127 comparing to the average volume of 122.99 shares, completing picture of exact trends with uncompleted dots in volume over the norm. Teekay Offshore Partners L.P. (NYSE:TOO) has declined 43.83% since October 10, 2016 and is downtrending.

Analysts expect Dynagas LNG Partners LP (NYSE:DLNG) to report $0.24 EPS on November, 13.They anticipate $0.25 EPS change or 51.02% from last quarter's $0.49 EPS. Zacks Investment Research upgraded Teekay Offshore Partners L.P. from a "hold" rating to a "buy" rating and set a $2.75 price objective on the stock in a report on Thursday, July 13th. Park Circle invested 0.11% of its portfolio in Teekay Offshore Partners L.P. (NYSE:TOO). The average 12 month price target among brokers that have issued a report on the stock in the a year ago is $4.25.

03/01/2017 - Dynagas LNG Partners LP was downgraded to "neutral" by analysts at Clarkson Platou. The stock of Teekay Offshore Partners L.P. (NYSE:TOO) has "Equal-Weight" rating given on Tuesday, April 19 by Morgan Stanley. The stock has "Buy" rating by Citigroup on Wednesday, July 26. The firm has " rating by UBS given on Friday, August 7. As per Monday, June 20, the company rating was maintained by UBS. The rating was downgraded by Seaport Global Securities to "Neutral" on Thursday, December 17. Jefferies maintained it with "Buy" rating and $19.0 target in Monday, August 21 report. The stock has "Outperform" rating by Wells Fargo on Thursday, September 14.

Investors sentiment decreased to 0.96 in 2017 Q2. The 50 day moving average was up $1.16 and the 200 day average moved up $1.61. It dived, as 20 investors sold Teekay Offshore Partners L.P. shares while 19 reduced holdings. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. Additionally Teekay LNG Partners L.P. recently declared a dividend payable on Friday the 10th of November 2017. They were forecasting US$0.25 per share three months ago. Moreover, Bank Of Montreal Can has 0% invested in Teekay Offshore Partners L.P. (NYSE:TOO) for 1,600 shares. Dalton Ltd Co accumulated 491,700 shares. Northern Corporation reported 80,635 shares. Brookfield Asset Management Inc. purchased a new stake in Teekay Offshore Partners L.P. during the 1st quarter worth about $238,000. Ent Fincl Ser owns 1,200 shares for 0% of their portfolio.

Among 7 analysts covering Dynagas LNG Partners (NYSE:DLNG), 4 have Buy rating, 1 Sell and 2 Hold. DLNG's profit will be $8.52M for 14.10 P/E if the $0.24 EPS becomes a reality.

Dynagas LNG Partners LP (DLNG) closed -9.42% below its 200-day moving average and is 0.31% above another chart threshold, its 50-day moving average.

Teekay Offshore Partners L.P.is a provider of marine transportation, oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the offshore oil industry in North Sea, Brazil and the East Coast of Canada.

The P/E ratio is now 10.80 and market capitalization is 1.47B.

Corning Incorporated (GLW) is analyzed based on price earnings (P/E) ratio. The Company has four lines of business: offshore logistics (shuttle tankers, the HiLoad DP unit, floating storage and off-take (FSO) units, units for maintenance and safety (UMS), and long-distance towing and offshore installation vessels), offshore production (floating production, storage and offloading (FPSO) units), liquefied gas carriers and conventional tankers.

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