ValuEngine lowered shares of Dorian LPG Ltd. (NYSE:LPG) from a hold rating to a sell rating in a research note published on Thursday.
Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded Dorian LPG from a hold rating to a buy rating and set a $8.25 price objective on the stock in a report on Friday, November 3rd. DNB Markets lowered Dorian LPG from a buy rating to a hold rating in a report on Friday, October 27th. Finally, BidaskClub lowered Dorian LPG from a hold rating to a sell rating in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned 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) traded up $0.34 during mid-day trading on Thursday, reaching $7.63. The company’s stock had a trading volume of 152,576 shares, compared to its average volume of 129,180. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.55 and a current ratio of 0.56. Dorian LPG has a 12 month low of $6.20 and a 12 month high of $12.50.
Dorian LPG (NYSE:LPG) last announced its quarterly earnings data on Friday, November 3rd. The shipping company reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.02. The company had revenue of $34.73 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.25) EPS. sell-side analysts expect that Dorian LPG will post -0.66 EPS for the current year.
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Several hedge funds and other institutional investors have recently bought and sold shares of LPG. Macquarie Group Ltd. purchased a new position in shares of Dorian LPG during the 3rd quarter worth $120,000. Voya Investment Management LLC raised its holdings in shares of Dorian LPG by 21.3% during the 2nd quarter. Voya Investment Management LLC now owns 15,747 shares of the shipping company’s stock worth $129,000 after acquiring an additional 2,763 shares during the period. American International Group Inc. raised its holdings in shares of Dorian LPG by 7.1% during the 1st quarter. American International Group Inc. now owns 14,921 shares of the shipping company’s stock worth $157,000 after acquiring an additional 987 shares during the period. Eagle Global Advisors LLC purchased a new position in shares of Dorian LPG during the 2nd quarter worth $165,000. Finally, SG Americas Securities LLC purchased a new position in shares of Dorian LPG during the 3rd quarter worth $199,000. Institutional investors and hedge funds own 45.04% of the company’s stock.
About Dorian LPG
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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