Dorian LPG Ltd (NYSE:LPG) announced its quarterly earnings results on Friday. The shipping company reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.02, Bloomberg Earnings reports. Dorian LPG had a negative net margin of 16.31% and a negative return on equity of 2.76%. The firm had revenue of $34.73 million for the quarter, compared to the consensus estimate of $31.13 million. During the same period in the prior year, the firm posted ($0.25) earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis.

Shares of Dorian LPG (LPG) opened at $7.84 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 0.70. Dorian LPG has a one year low of $5.76 and a one year high of $12.50.

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A number of brokerages have recently issued reports on LPG. BidaskClub downgraded shares of Dorian LPG from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Zacks Investment Research downgraded shares of Dorian LPG from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. DNB Markets downgraded shares of Dorian LPG from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Finally, ValuEngine downgraded shares of Dorian LPG from a “hold” rating to a “sell” rating in a research note on Saturday, September 30th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Dorian LPG has a consensus rating of “Hold” and a consensus target price of $8.75.

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.

Earnings History for Dorian LPG (NYSE:LPG)

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