Dorian LPG (NYSE:LPG) released its quarterly earnings data on Friday. The shipping company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.06), Bloomberg Earnings reports. Dorian LPG had a negative net margin of 8.92% and a negative return on equity of 2.29%. During the same quarter in the previous year, the business earned $0.04 earnings per share.
Dorian LPG stock opened at $8.36 on Friday. Dorian LPG has a 1-year low of $6.20 and a 1-year high of $8.79. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.65 and a quick ratio of 0.63.
In related news, CEO John Lycouris sold 6,000 shares of Dorian LPG stock in a transaction that occurred on Friday, April 13th. The shares were sold at an average price of $8.00, for a total value of $48,000.00. Following the completion of the transaction, the chief executive officer now directly owns 216,065 shares in the company, valued at approximately $1,728,520. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 26.50% of the stock is currently owned by insiders.
A number of research firms recently weighed in on LPG. ValuEngine upgraded shares of Dorian LPG from a “sell” rating to a “hold” rating in a research note on Thursday, May 31st. Zacks Investment Research lowered shares of Dorian LPG from a “hold” rating to a “sell” rating in a research note on Wednesday, April 4th. Two investment 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. Dorian LPG currently has an average rating of “Hold” and an average price target of $8.75.
Dorian LPG Company Profile
Dorian LPG Ltd. operates as a liquefied petroleum gas (LPG) shipping company worldwide. The company engages in the transportation of LPG. It primarily serves energy companies and commodity traders through its fleet of 22 very large gas carriers with an aggregate carrying capacity of approximately 1.8 million cubic meters.
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