Dorian LPG Ltd (LPG) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Dorian LPG Ltd (NYSE:LPG) have received an average rating of “Hold” from the six analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $9.00.

Several analysts have recently weighed in on LPG shares. DNB Markets cut shares of Dorian LPG from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. ValuEngine raised shares of Dorian LPG from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Zacks Investment Research raised shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a research note on Thursday, January 4th.

Shares of Dorian LPG (NYSE LPG) opened at $7.93 on Friday. Dorian LPG has a one year low of $6.20 and a one year high of $11.91. The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 0.62. The firm has a market cap of $437.14, a P/E ratio of -29.37 and a beta of 1.05.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings results on Thursday, February 1st. The shipping company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.15. Dorian LPG had a negative net margin of 8.92% and a negative return on equity of 2.28%. The business had revenue of $44.55 million during the quarter, compared to analysts’ expectations of $36.59 million. During the same quarter in the prior year, the company posted ($0.36) EPS. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. sell-side analysts forecast that Dorian LPG will post -0.66 earnings per share for the current year.

In related news, Director Christina Tan acquired 10,000 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was purchased at an average price of $7.00 per share, with a total value of $70,000.00. Following the transaction, the director now owns 39,475 shares of the company’s stock, valued at approximately $276,325. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Group Ltd Bw acquired 1,100,000 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were bought at an average cost of $7.30 per share, with a total value of $8,030,000.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,836,460 shares of company stock valued at $13,570,244 in the last ninety days. 26.50% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of LPG. Macquarie Group Ltd. purchased a new position in shares of Dorian LPG during the 3rd quarter worth approximately $120,000. Voya Investment Management LLC boosted its position in shares of Dorian LPG by 21.3% during the 2nd quarter. Voya Investment Management LLC now owns 15,747 shares of the shipping company’s stock worth $129,000 after purchasing an additional 2,763 shares during the period. SG Americas Securities LLC purchased a new position in shares of Dorian LPG during the 3rd quarter worth approximately $199,000. Alliancebernstein L.P. boosted its position in shares of Dorian LPG by 24.4% during the 2nd quarter. Alliancebernstein L.P. now owns 29,100 shares of the shipping company’s stock worth $238,000 after purchasing an additional 5,700 shares during the period. Finally, Foundation Resource Management Inc. purchased a new position in shares of Dorian LPG during the 4th quarter worth approximately $389,000. 47.97% of the stock is owned by hedge funds and other institutional investors.

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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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