Shares of Dorian LPG Ltd (NYSE:LPG) have received an average recommendation of “Hold” from the six research firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $9.00.
A number of brokerages have recently issued reports on LPG. Zacks Investment Research upgraded shares of Dorian LPG from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. ValuEngine lowered shares of Dorian LPG from a “hold” rating to a “sell” rating in a research report on Thursday, November 16th. Finally, DNB Markets lowered shares of Dorian LPG from a “buy” rating to a “hold” rating in a research report on Friday, October 27th.
In other Dorian LPG news, Director Christina Tan bought 10,000 shares of the stock in a transaction dated Friday, December 8th. The shares were acquired at an average cost of $7.00 per share, for a total transaction of $70,000.00. Following the completion of the transaction, the director now owns 39,475 shares in the company, valued at approximately $276,325. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 26.50% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Dorian LPG by 9.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,687,162 shares of the shipping company’s stock worth $11,508,000 after purchasing an additional 149,524 shares during the period. Royce & Associates LP lifted its holdings in shares of Dorian LPG by 27.9% during the third quarter. Royce & Associates LP now owns 1,336,331 shares of the shipping company’s stock worth $9,114,000 after purchasing an additional 291,500 shares during the period. Oppenheimer & Close LLC lifted its holdings in shares of Dorian LPG by 3.7% during the second quarter. Oppenheimer & Close LLC now owns 1,216,943 shares of the shipping company’s stock worth $9,954,000 after purchasing an additional 43,369 shares during the period. Private Management Group Inc. lifted its holdings in shares of Dorian LPG by 4.6% during the third quarter. Private Management Group Inc. now owns 420,685 shares of the shipping company’s stock worth $2,869,000 after purchasing an additional 18,682 shares during the period. Finally, State Street Corp lifted its holdings in shares of Dorian LPG by 9.2% during the second quarter. State Street Corp now owns 370,511 shares of the shipping company’s stock worth $3,030,000 after purchasing an additional 31,124 shares during the period. Institutional investors and hedge funds own 47.71% of the company’s stock.
Shares of Dorian LPG (NYSE:LPG) traded up $0.23 during trading on Wednesday, reaching $7.78. 304,973 shares of the company’s stock traded hands, compared to its average volume of 261,976. The stock has a market capitalization of $428.80, a price-to-earnings ratio of -37.05 and a beta of 1.20. Dorian LPG has a one year low of $6.20 and a one year high of $12.50. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.56 and a quick ratio of 0.55.
Dorian LPG (NYSE:LPG) last announced its quarterly earnings results on Friday, November 3rd. The shipping company reported ($0.23) EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 net margin of 7.30% and a negative return on equity of 4.06%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.25) earnings per share. sell-side analysts predict that Dorian LPG will post -0.66 earnings per share for the current year.
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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.
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