Dorian LPG Ltd. (NYSE:LPG) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Thursday, November 9th.
A number of other brokerages have also recently issued reports on LPG. DNB Markets cut shares of Dorian LPG from a “buy” rating to a “hold” rating in a report on Friday, October 27th. BidaskClub cut shares of Dorian LPG from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Zacks Investment Research lowered shares of Dorian LPG from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $8.75.
Shares of Dorian LPG (NYSE LPG) opened at $7.76 on Thursday. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.62. Dorian LPG has a twelve month low of $6.20 and a twelve month high of $12.50.
Dorian LPG (NYSE:LPG) last announced its quarterly earnings results on Friday, November 3rd. The shipping company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.02. The firm had revenue of $34.73 million during the quarter, compared to the consensus estimate of $31.13 million. Dorian LPG had a negative return on equity of 4.06% and a negative net margin of 7.30%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.25) EPS. equities analysts anticipate that Dorian LPG will post -0.66 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the stock. Royce & Associates LP raised its holdings 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 worth $8,547,000 after acquiring an additional 307,597 shares during the period. Private Management Group Inc. boosted its position in shares of Dorian LPG by 3.9% during the 2nd quarter. Private Management Group Inc. now owns 402,003 shares of the shipping company’s stock valued at $3,288,000 after acquiring an additional 14,905 shares in the last quarter. Prudential Financial Inc. boosted its position in Dorian LPG by 37.0% in the first quarter. Prudential Financial Inc. now owns 199,400 shares of the shipping company’s stock valued at $2,099,000 after buying an additional 53,800 shares in the last quarter. GSA Capital Partners LLP lifted its position in shares of Dorian LPG by 96.5% during the second 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, Goldman Sachs Group Inc. lifted its position in shares of Dorian LPG by 603.1% during the first quarter. Goldman Sachs Group Inc. now owns 83,468 shares of the shipping company’s stock worth $879,000 after purchasing an additional 71,597 shares in the last quarter. 46.89% of the stock is owned by institutional investors and hedge funds.
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.
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