Dorian LPG (LPG) Lowered to Sell at ValuEngine

ValuEngine cut shares of Dorian LPG (NYSE:LPG) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

Separately, Zacks Investment Research cut Dorian LPG from a hold rating to a sell rating in a research note on Wednesday, April 4th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. Dorian LPG presently has a consensus rating of Hold and an average target price of $9.50.

Shares of Dorian LPG opened at $7.45 on Monday, MarketBeat.com reports. Dorian LPG has a fifty-two week low of $6.20 and a fifty-two week high of $8.79. The stock has a market cap of $421.95 million, a P/E ratio of -12.02 and a beta of 1.01. The company has a quick ratio of 1.62, a current ratio of 1.65 and a debt-to-equity ratio of 0.72.

Dorian LPG (NYSE:LPG) last announced its earnings results on Friday, June 15th. The shipping company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.06). Dorian LPG had a negative net margin of 12.80% and a negative return on equity of 3.42%. The firm had revenue of $39.04 million for the quarter, compared to the consensus estimate of $40.37 million. During the same period in the prior year, the business earned $0.04 EPS. sell-side analysts predict that Dorian LPG will post -0.56 EPS for the current fiscal year.

In related news, CEO John Lycouris sold 6,000 shares of the firm’s stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $8.00, for a total transaction of $48,000.00. Following the completion of the transaction, the chief executive officer now owns 216,065 shares of the company’s stock, valued at $1,728,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 26.50% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in shares of Dorian LPG by 14.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,576,122 shares of the shipping company’s stock valued at $19,295,000 after purchasing an additional 327,753 shares during the period. BlackRock Inc. boosted its position in shares of Dorian LPG by 18.8% in the 1st quarter. BlackRock Inc. now owns 1,409,854 shares of the shipping company’s stock valued at $10,560,000 after purchasing an additional 223,449 shares during the period. Global X Management Co. LLC boosted its position in shares of Dorian LPG by 14.1% in the 1st quarter. Global X Management Co. LLC now owns 495,934 shares of the shipping company’s stock valued at $3,715,000 after purchasing an additional 61,149 shares during the period. City Financial Investment Co Ltd acquired a new position in shares of Dorian LPG in the 1st quarter valued at $1,737,000. Finally, Millennium Management LLC boosted its position in shares of Dorian LPG by 195.2% in the 1st quarter. Millennium Management LLC now owns 242,212 shares of the shipping company’s stock valued at $1,814,000 after purchasing an additional 160,161 shares during the period. Institutional investors and hedge funds own 56.96% of the company’s stock.

Dorian LPG Company Profile

Dorian LPG Ltd. operates as a liquefied petroleum gas (LPG) shipping company worldwide. The company engages in the transportation of LPG. It primarily serves energy companies and commodity traders through its fleet of 22 very large gas carriers with an aggregate carrying capacity of approximately 1.8 million cubic meters.

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

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