Dorian LPG Ltd. (NYSE:LPG) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a report released on Saturday, July 22nd.
A number of other equities analysts also recently commented on LPG. UBS AG set a $8.00 price objective on shares of Dorian LPG and gave the stock a “buy” rating in a research note on Saturday, June 17th. Zacks Investment Research raised shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, Pareto Securities raised shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Monday, June 12th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $10.00.
Dorian LPG (NYSE LPG) traded up 3.72% on Friday, reaching $6.69. The company had a trading volume of 138,648 shares. The company’s market capitalization is $361.77 million. The stock’s 50-day moving average is $7.54 and its 200-day moving average is $8.88. Dorian LPG has a 52 week low of $5.07 and a 52 week high of $12.50.
Dorian LPG (NYSE:LPG) last issued its quarterly earnings data on Monday, July 31st. The shipping company reported ($0.16) EPS for the quarter, hitting analysts’ consensus estimates of ($0.16). The company had revenue of $41 million during the quarter, compared to the consensus estimate of $37.65 million. Dorian LPG had a negative net margin of 4.33% and a negative return on equity of 4.16%. Dorian LPG’s revenue for the quarter was down 17.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 earnings per share. Equities research analysts forecast that Dorian LPG will post ($0.44) EPS for the current fiscal year.
In other news, insider John C. Hadjipateras sold 250,000 shares of the company’s stock in a transaction 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 directly owns 2,037,020 shares of the company’s stock, valued at $15,379,501. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 26.50% of the company’s stock.
Institutional investors have recently modified their holdings of the company. State Street Corp increased its position in shares of Dorian LPG by 8.2% in the fourth quarter. State Street Corp now owns 351,876 shares of the shipping company’s stock worth $2,891,000 after buying an additional 26,556 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Dorian LPG by 7.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,032,415 shares of the shipping company’s stock valued at $8,477,000 after buying an additional 75,733 shares during the last quarter. Nationwide Fund Advisors increased its position in Dorian LPG by 29.5% in the first quarter. Nationwide Fund Advisors now owns 25,457 shares of the shipping company’s stock valued at $268,000 after buying an additional 5,793 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Dorian LPG during the first quarter valued at about $1,126,000. Finally, Russell Investments Group Ltd. purchased a new position in Dorian LPG during the first quarter valued at about $235,000. 48.38% of the stock is currently owned by institutional investors and hedge funds.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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