Media headlines about Dorian LPG (NYSE:LPG) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Dorian LPG earned a coverage optimism score of 0.01 on Accern’s scale. Accern also assigned news headlines about the shipping company an impact score of 45.9544977574233 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Dorian LPG (NYSE LPG) traded down $0.09 during midday trading on Wednesday, hitting $7.69. 175,100 shares of the stock were exchanged, compared to its average volume of 212,850. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.62. Dorian LPG has a 1 year low of $6.20 and a 1 year high of $12.50. The company has a market capitalization of $428.80, a P/E ratio of -36.62 and a beta of 1.20.
Dorian LPG (NYSE:LPG) last released its quarterly earnings data on Friday, November 3rd. The shipping company reported ($0.23) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.02. The firm had revenue of $34.73 million for 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 quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm earned ($0.25) earnings per share. equities research analysts expect that Dorian LPG will post -0.66 earnings per share for the current year.
A number of equities analysts have recently issued reports on LPG shares. DNB Markets downgraded shares of Dorian LPG from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. ValuEngine downgraded shares of Dorian LPG from a “hold” rating to a “sell” rating in a research note on Thursday, November 16th. Finally, Zacks Investment Research upgraded shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $8.25 price objective on the stock in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Dorian LPG has a consensus rating of “Hold” and a consensus target price of $9.17.
In other news, Director Christina Tan bought 10,000 shares of the stock in a transaction on Friday, December 8th. The stock was bought at an average cost of $7.00 per share, for a total transaction of $70,000.00. Following the completion of the purchase, the director now directly owns 39,475 shares in the company, valued at $276,325. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 26.50% of the stock is owned by company insiders.
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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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