Dorian LPG (LPG) Upgraded to “Hold” by ValuEngine

Dorian LPG (NYSE:LPG) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Thursday, November 9th.

Several other equities analysts also recently issued reports on the company. Zacks Investment Research downgraded Dorian LPG from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. BidaskClub downgraded Dorian LPG from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, DNB Markets downgraded Dorian LPG from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Dorian LPG has a consensus rating of “Hold” and a consensus price target of $8.75.

Dorian LPG (LPG) traded down $0.37 during trading on Thursday, reaching $7.20. The company’s stock had a trading volume of 185,597 shares, compared to its average volume of 199,138. Dorian LPG has a one year low of $6.20 and a one year high of $12.50. The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 0.62.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings data on Friday, November 3rd. The shipping company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.02. Dorian LPG had a negative return on equity of 4.06% and a negative net margin of 7.30%. The firm had revenue of $34.73 million during the quarter, compared to analyst estimates of $31.13 million. During the same quarter in the prior year, the business posted ($0.25) EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. analysts anticipate that Dorian LPG will post -0.66 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Royce & Associates LP lifted its stake in Dorian LPG by 41.7% in the 2nd quarter. Royce & Associates LP now owns 1,044,831 shares of the shipping company’s stock valued at $8,547,000 after buying an additional 307,597 shares in the last quarter. Private Management Group Inc. lifted its stake in Dorian LPG by 3.9% in the 2nd quarter. Private Management Group Inc. now owns 402,003 shares of the shipping company’s stock worth $3,288,000 after purchasing an additional 14,905 shares in the last quarter. Prudential Financial Inc. lifted its stake in Dorian LPG by 37.0% in the 1st quarter. Prudential Financial Inc. now owns 199,400 shares of the shipping company’s stock worth $2,099,000 after purchasing an additional 53,800 shares in the last quarter. GSA Capital Partners LLP lifted its stake in Dorian LPG by 96.5% in the 2nd quarter. GSA Capital Partners LLP now owns 162,312 shares of the shipping company’s stock worth $1,328,000 after purchasing an additional 79,712 shares in the last quarter. Finally, Voya Investment Management LLC lifted its stake in Dorian LPG by 21.3% in the 2nd quarter. Voya Investment Management LLC now owns 15,747 shares of the shipping company’s stock worth $129,000 after purchasing an additional 2,763 shares in the last quarter. 47.72% of the stock is currently owned by hedge funds and other institutional investors.

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Dorian LPG Company Profile

Dorian LPG Ltd. is a holding company. The Company, through its subsidiaries, is focused on owning and operating very large gas carrier (VLGCs) in the liquefied petroleum gas (LPG) shipping industry. The Company is engaged in the transportation of LPG across the world through its ownership and operation of LPG tankers.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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