Zacks Investment Research lowered shares of Dorian LPG Ltd. (NYSE:LPG) from a hold rating to a strong sell rating in a research report sent to investors on Friday, May 12th.
According to Zacks, “Dorian LPG Ltd is a liquefied petroleum gas shipping company. It is primarily focused on owning and operating Very Large Gas Carriers (VLGCs). The Company offers its services worldwide. Dorian LPG Ltd is headquartered in the United States. “
Separately, Pareto Securities raised Dorian LPG from a sell rating to a hold rating in a report on Wednesday, March 1st.
Dorian LPG (LPG) traded up 2.05% on Friday, reaching $7.47. 241,115 shares of the company’s stock were exchanged. Dorian LPG has a 1-year low of $5.07 and a 1-year high of $12.50. The company has a 50 day moving average price of $8.34 and a 200-day moving average price of $9.37. The company has a market capitalization of $402.27 million, a PE ratio of 24.33 and a beta of 1.22.
Dorian LPG (NYSE:LPG) last issued its earnings results on Wednesday, June 14th. The shipping company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.14. Dorian LPG had a negative return on equity of 2.98% and a negative net margin of 0.86%. The company had revenue of $47.60 million for the quarter, compared to analyst estimates of $38.08 million. During the same period in the prior year, the firm posted $0.60 EPS. The business’s revenue was down 44.2% compared to the same quarter last year. On average, equities research analysts anticipate that Dorian LPG will post ($0.28) earnings per share for the current year.
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Several institutional investors have recently modified their holdings of LPG. Seven Bridges Advisors LLC boosted its position in shares of Dorian LPG by 3.9% in the third quarter. Seven Bridges Advisors LLC now owns 24,421 shares of the shipping company’s stock worth $147,000 after buying an additional 919 shares during the last quarter. Berkeley Capital Partners LLC boosted its position in shares of Dorian LPG by 8.7% in the third quarter. Berkeley Capital Partners LLC now owns 30,378 shares of the shipping company’s stock worth $182,000 after buying an additional 2,435 shares during the last quarter. Oppenheimer & Close LLC boosted its position in shares of Dorian LPG by 41.0% in the third quarter. Oppenheimer & Close LLC now owns 1,286,051 shares of the shipping company’s stock worth $7,716,000 after buying an additional 373,934 shares during the last quarter. Prudential Financial Inc. boosted its stake in Dorian LPG by 7.2% in the third quarter. Prudential Financial Inc. now owns 139,800 shares of the shipping company’s stock worth $839,000 after buying an additional 9,400 shares in the last quarter. Finally, State Street Corp boosted its stake in Dorian LPG by 8.2% in the fourth quarter. State Street Corp now owns 351,876 shares of the shipping company’s stock worth $2,891,000 after buying an additional 26,556 shares in the last quarter. 47.59% 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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