Dorian LPG Ltd. (LPG) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Dorian LPG Ltd. (NYSE:LPG) have been assigned an average recommendation of “Hold” from the four analysts that are presently covering the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $18.00.
Several research analysts have recently issued reports on LPG shares. ABN Amro lowered Dorian LPG from a “buy” rating to a “hold” rating in a research report on Thursday, June 30th. Zacks Investment Research upgraded Dorian LPG from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 3rd.
Shares of Dorian LPG (NYSE:LPG) traded down 3.67% on Tuesday, reaching $6.56. The company’s stock had a trading volume of 99,739 shares. Dorian LPG has a 1-year low of $5.07 and a 1-year high of $13.80. The stock has a market cap of $354.15 million, a PE ratio of 3.20 and a beta of 1.01. The company’s 50 day moving average is $5.84 and its 200-day moving average is $7.60.
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Dorian LPG (NYSE:LPG) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.05. Dorian LPG had a return on equity of 13.85% and a net margin of 37.74%. The company earned $50.50 million during the quarter, compared to the consensus estimate of $34.90 million. During the same quarter in the prior year, the business earned $0.24 earnings per share. The firm’s revenue for the quarter was up 54.9% on a year-over-year basis. On average, equities analysts predict that Dorian LPG will post ($0.31) earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of LPG. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Dorian LPG during the second quarter valued at $123,000. Alliancebernstein L.P. raised its position in Dorian LPG by 49.0% in the second quarter. Alliancebernstein L.P. now owns 21,300 shares of the company’s stock valued at $150,000 after buying an additional 7,000 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Dorian LPG during the second quarter valued at $155,000. Royal Bank of Canada raised its position in Dorian LPG by 566.9% in the second quarter. Royal Bank of Canada now owns 34,185 shares of the company’s stock valued at $241,000 after buying an additional 29,059 shares in the last quarter. Finally, Robotti Robert raised its position in Dorian LPG by 3.1% in the first quarter. Robotti Robert now owns 25,775 shares of the company’s stock valued at $242,000 after buying an additional 775 shares in the last quarter. Hedge funds and other institutional investors own 47.99% of the company’s stock.
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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