Dorian LPG (LPG) Cut to Hold at Zacks Investment Research

Dorian LPG (NYSE:LPG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

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. “

LPG has been the subject of several other research reports. ValuEngine downgraded shares of Dorian LPG from a “hold” rating to a “sell” rating in a research note on Thursday, November 16th. DNB Markets cut shares of Dorian LPG from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $9.17.

Dorian LPG (NYSE LPG) traded down $0.12 on Tuesday, hitting $7.55. 147,590 shares of the stock traded hands, compared to its average volume of 206,074. The stock has a market capitalization of $423.84, a P/E ratio of -35.95 and a beta of 1.20. 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 has a 52-week low of $6.20 and a 52-week high of $12.50.

Dorian LPG (NYSE:LPG) last posted its earnings results on Friday, November 3rd. The shipping company reported ($0.23) earnings per share for the quarter, topping 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 net margin of 7.30% and a negative return on equity of 4.06%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.25) earnings per share. research analysts expect that Dorian LPG will post -0.66 earnings per share for the current year.

In other news, Director Christina Tan acquired 10,000 shares of Dorian LPG stock in a transaction that occurred on Friday, December 8th. The stock was bought at an average price of $7.00 per share, with a total value of $70,000.00. Following the completion of the purchase, the director now owns 39,475 shares in the company, valued at $276,325. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 26.50% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the stock. Voya Investment Management LLC grew its stake in Dorian LPG by 21.3% during the second quarter. Voya Investment Management LLC now owns 15,747 shares of the shipping company’s stock valued at $129,000 after acquiring an additional 2,763 shares in the last quarter. Alliancebernstein L.P. grew its stake in Dorian LPG by 24.4% during the second quarter. Alliancebernstein L.P. now owns 29,100 shares of the shipping company’s stock valued at $238,000 after acquiring an additional 5,700 shares in the last quarter. Numeric Investors LLC grew its stake in Dorian LPG by 24.1% during the second quarter. Numeric Investors LLC now owns 55,087 shares of the shipping company’s stock valued at $451,000 after acquiring an additional 10,693 shares in the last quarter. Macquarie Group Ltd. purchased a new position in Dorian LPG during the third quarter valued at approximately $120,000. Finally, Private Management Group Inc. grew its stake in Dorian LPG by 4.6% during the third quarter. Private Management Group Inc. now owns 420,685 shares of the shipping company’s stock valued at $2,869,000 after acquiring an additional 18,682 shares in the last quarter. 47.71% of the stock is owned by institutional investors.

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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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