Dorian LPG (LPG) Releases Quarterly Earnings Results
Dorian LPG (NYSE:LPG) announced its earnings results on Thursday. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.02) by $0.09, AnalystRatingsNetwork.com reports.
On a related note, analysts at JPMorgan Chase & Co. initiated coverage on shares of Dorian LPG in a research note on Tuesday, June 17th. They set an “overweight” rating and a $24.00 price target on the stock.
Shares of Dorian LPG (NYSE:LPG) opened at 19.34 on Thursday. Dorian LPG has a one year low of $17.95 and a one year high of $24.93. The stock has a 50-day moving average of $20.38 and a 200-day moving average of $20.83. The company has a market cap of $1.105 billion and a P/E ratio of 221.14. Dorian LPG also was the recipient of a significant drop in short interest during the month of August. As of August 15th, there was short interest totalling 214,951 shares, a drop of 59.4% from the July 31st total of 529,462 shares. Based on an average daily volume of 223,694 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.7% of the shares of the stock are sold short.
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