Dynagas LNG Partners LP (NYSE:DLNG) is scheduled to report Q3 earnings results on Friday, November 22, 2019, at 10:00 a.m. ET. The company is expected to report earnings of $0.01/share on revenue of $33.52 million. The consensus earnings per share (EPS) of $0.01/share is based on a poll of 2 analysts and represents a decline of -62.5% over the same quarter last year when the company reported earnings of $0.04/share.
The revenue forecast of $33.52 million based on a poll of 2 analysts implies a year-over-year (YoY) growth of 7.0%. Last year the company reported $31.32 million in revenue for the quarter.
| Metric | Expected | Prior Year | YoY Change |
|---|---|---|---|
| Revenue | $33.52 | $31.32 | 7.0% |
| EPS | $0.01 | $0.04 | -62.5% |
Earnings Call Trends
Historically, management has exceeded analyst expectations 2 out of the last 8 tracked quarters, missed 5 quarters, and met expectations 1 quarter. What are your expectations from Dynagas LNG for earnings this quarter? Let us know in the comments!
| Quarter | Expected | Reported | Surprise | Result |
|---|---|---|---|---|
| Q2, 2019 | -$0.03 | -$0.06 | NM | Missed |
| Q1, 2019 | -$0.01 | -$0.03 | NM | Missed |
| Q4, 2018 | $0.06 | -$0.04 | NM | Missed |
| Q3, 2018 | $0.02 | $0.04 | 100.0% | Beat |
| Q2, 2018 | $0.05 | $0.08 | 60.0% | Beat |
| Q1, 2018 | $0.16 | $0.16 | 0.0% | Meet |
| Q4, 2017 | $0.21 | $0.16 | -25.6% | Missed |
| Q3, 2017 | $0.20 | $0.15 | -26.8% | Missed |
One question we always consider here at the Bankers’ Tribune is how important are earnings reports to Dynagas LNG’s stock price performance? It’s more important for some companies than for others.
In the following table, we summarize the company’s stock price movements after earnings releases. The “Price Day Prior” column shows the closing stock price on the day before the earnings report, and the “Price Next Day” column shows the stock price at the end of the trading day after the earnings report. After the last earnings report for the period ending June 30, 2019, the stock price reacted by increasing by 23.6%.
| Report Date | Price Day Prior | Price Next Day | Change % | Result |
|---|---|---|---|---|
| 2019-09-26 | $1.48 | $1.83 | 23.6% | Increase |
| 2019-06-05 | $2.02 | $1.61 | -20.3% | Decline |
| 2019-03-21 | $2.58 | $2.38 | -7.8% | Decline |
| 2018-11-15 | $7.63 | $6.69 | -12.3% | Decline |
Fundamentals And Technical Analysis
Dynagas LNG is currently trading at $2.12/share, down -0.9% for the day. The company is trading at approximately 24.9% of its 52-week high of $8.50/share. The company’s stock price is up 43.2% since the last earnings report and up 1.4% over the previous week. The company’s 14 Day Relative Price Index (RSI) of 55.04 suggests the company is trading in technically neutral territory. The RSI is considered overbought when above 70 and oversold when below 30.
The current share price implies a price-to-earnings (P/E) multiple of 59.9x and a forward P/E multiple of 82.2x. Dynagas LNG’s current share price also implies a price-to-book (P/B) multiple of 0.4x. The following table summarizes some other key fundamental ratios:
| Metric | Value |
|---|---|
| Last Fiscal Period | FY2019.Q2 |
| Period End Date | June 30, 2019 |
| Stock Price (Current) | $2.12 |
| P/E Ratio | 59.9x |
| P/E Ratio (Fwd) | 82.2x |
| PEG Ratio | 0.0 |
| Total Debt to Capital (%) | 78.0% |
| Levered Free Cash Flow | $38.644 million |
| Enterprise Value / EBITDA | 9.8x |
Source: Finbox
Company Profile: Dynagas LNG Partners LP
Dynagas LNG Partners LP is a micro-cap stock with a market capitalization of $76.025 million and a total enterprise value of $801.8 million. The company operates in the Energy sector and Oil, Gas & Consumable Fuels industry.
Dynagas LNG Partners LP operates in the seaborne transportation industry worldwide. The company owns and operates liquefied natural gas (LNG) carriers. As of April 30, 2019, its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.
Dynagas GP LLC serves as the general partner of Dynagas LNG Partners LP. The company was founded in 2013 and is headquartered in Monaco.
