Shares of Dorian LPG Ltd. (NYSE:LPG) have earned a consensus rating of “Hold” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $9.00.
A number of research firms have commented on LPG. BidaskClub downgraded shares of Dorian LPG from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. DNB Markets downgraded shares of Dorian LPG from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research downgraded shares of Dorian LPG from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. Finally, ValuEngine downgraded shares of Dorian LPG from a “hold” rating to a “sell” rating in a report on Saturday, September 30th.
Dorian LPG (LPG) traded down 2.11% on Friday, reaching $7.43. The company had a trading volume of 138,800 shares. Dorian LPG has a 1-year low of $5.63 and a 1-year high of $12.50. The firm’s market capitalization is $401.78 million. The company’s 50-day moving average price is $7.50 and its 200 day moving average price is $7.87.
Dorian LPG (NYSE:LPG) last released its quarterly earnings data on Monday, July 31st. The shipping company reported ($0.16) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.16). The company had revenue of $41.00 million during the quarter, compared to the consensus estimate of $37.65 million. Dorian LPG had a negative net margin of 4.33% and a negative return on equity of 4.16%. Dorian LPG’s quarterly revenue was down 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 EPS. On average, equities analysts forecast that Dorian LPG will post ($0.50) EPS for the current year.
Institutional investors have recently bought and sold shares of the company. American International Group Inc. grew its stake in shares of Dorian LPG by 7.1% in the 1st quarter. American International Group Inc. now owns 14,921 shares of the shipping company’s stock valued at $157,000 after buying an additional 987 shares during the period. Voya Investment Management LLC grew its stake in shares of Dorian LPG by 21.3% in the 2nd quarter. Voya Investment Management LLC now owns 15,747 shares of the shipping company’s stock valued at $129,000 after buying an additional 2,763 shares during the period. Citadel Advisors LLC grew its stake in shares of Dorian LPG by 32.8% in the 1st quarter. Citadel Advisors LLC now owns 17,041 shares of the shipping company’s stock valued at $179,000 after buying an additional 4,208 shares during the period. Eagle Global Advisors LLC purchased a new stake in shares of Dorian LPG in the 2nd quarter valued at approximately $165,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Dorian LPG in the 1st quarter valued at approximately $235,000. 45.50% of the stock is owned by institutional investors and hedge funds.
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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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