Dorian LPG Ltd. (NYSE:LPG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “Dorian LPG Ltd is a liquefied petroleum gas shipping company. It is primarily focused on owning and operating Very Large Gas Carriers (VLGCs). The Company offers its services worldwide. Dorian LPG Ltd is headquartered in the United States. “

Other equities analysts also recently issued research reports about the company. UBS AG set a $8.00 price target on Dorian LPG and gave the company a “buy” rating in a report on Saturday, June 17th. Pareto Securities upgraded Dorian LPG from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Monday, June 12th. ValuEngine upgraded Dorian LPG from a “sell” rating to a “hold” rating in a report on Saturday, July 22nd. Finally, BidaskClub downgraded Dorian LPG from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. Dorian LPG presently has a consensus rating of “Hold” and an average target price of $9.00.

Dorian LPG (NYSE LPG) traded down 0.95% on Wednesday, hitting $7.28. 113,208 shares of the stock were exchanged. The company’s 50 day moving average price is $7.16 and its 200-day moving average price is $8.15. Dorian LPG has a one year low of $5.63 and a one year high of $12.50. The company’s market cap is $393.67 million.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings results on Monday, July 31st. The shipping company reported ($0.16) EPS for the quarter, meeting the consensus estimate of ($0.16). Dorian LPG had a negative return on equity of 4.16% and a negative net margin of 4.33%. The company had revenue of $41.00 million for the quarter, compared to the consensus estimate of $37.65 million. During the same quarter last year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was down 17.6% compared to the same quarter last year. Equities research analysts predict that Dorian LPG will post ($0.45) EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Dorian LPG Ltd. (LPG) Upgraded to “Hold” at Zacks Investment Research” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright laws. The original version of this story can be read at https://www.americanbankingnews.com/2017/10/04/dorian-lpg-ltd-lpg-upgraded-to-hold-at-zacks-investment-research.html.

In other Dorian LPG news, insider John C. Hadjipateras sold 250,000 shares of the stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $7.55, for a total transaction of $1,887,500.00. Following the transaction, the insider now owns 2,037,020 shares in the company, valued at $15,379,501. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 26.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of Dorian LPG by 15.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,537,638 shares of the shipping company’s stock worth $12,578,000 after acquiring an additional 206,202 shares during the last quarter. Oppenheimer & Close LLC grew its stake in shares of Dorian LPG by 3.7% in the second quarter. Oppenheimer & Close LLC now owns 1,216,943 shares of the shipping company’s stock worth $9,954,000 after acquiring an additional 43,369 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of Dorian LPG in the first quarter worth $12,258,000. Royce & Associates LP grew its stake in shares of Dorian LPG by 41.7% in the second quarter. Royce & Associates LP now owns 1,044,831 shares of the shipping company’s stock worth $8,547,000 after acquiring an additional 307,597 shares during the last quarter. Finally, Global X Management Co. LLC grew its stake in shares of Dorian LPG by 22.5% in the second quarter. Global X Management Co. LLC now owns 608,078 shares of the shipping company’s stock worth $4,974,000 after acquiring an additional 111,551 shares during the last quarter. Institutional investors and hedge funds own 45.63% of the company’s stock.

About Dorian LPG

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.

Get a free copy of the Zacks research report on Dorian LPG (LPG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Dorian LPG Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dorian LPG Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.