Dorian LPG Ltd (NYSE:LPG) hit a new 52-week low during trading on Thursday . The stock traded as low as $6.56 and last traded at $6.63, with a volume of 2099 shares changing hands. The stock had previously closed at $6.89.

Several brokerages have recently commented on LPG. ValuEngine upgraded shares of Dorian LPG from a “hold” rating to a “buy” rating in a research note on Tuesday, November 27th. Zacks Investment Research downgraded shares of Dorian LPG from a “buy” rating to a “hold” rating in a research note on Wednesday, November 7th.

The company has a current ratio of 1.15, a quick ratio of 1.13 and a debt-to-equity ratio of 0.71. The company has a market cap of $380.10 million, a P/E ratio of -10.71 and a beta of 0.83.

Dorian LPG (NYSE:LPG) last issued its earnings results on Wednesday, October 31st. The shipping company reported ($0.17) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.01. Dorian LPG had a negative net margin of 20.11% and a negative return on equity of 4.58%. The company had revenue of $40.81 million for the quarter, compared to the consensus estimate of $38.32 million. On average, equities research analysts forecast that Dorian LPG Ltd will post -0.71 earnings per share for the current year.

Several large investors have recently modified their holdings of LPG. Donald Smith & CO. Inc. acquired a new position in Dorian LPG during the 2nd quarter worth about $132,000. FNY Investment Advisers LLC acquired a new position in Dorian LPG during the 3rd quarter worth about $157,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Dorian LPG during the 2nd quarter worth about $184,000. Schwab Charles Investment Management Inc. lifted its position in Dorian LPG by 61.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 60,270 shares of the shipping company’s stock worth $461,000 after buying an additional 23,000 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in Dorian LPG by 8.1% during the 2nd quarter. California Public Employees Retirement System now owns 98,748 shares of the shipping company’s stock worth $754,000 after buying an additional 7,420 shares in the last quarter. Institutional investors own 56.21% of the company’s stock.

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Dorian LPG Company Profile (NYSE:LPG)

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates very large gas carriers (VLGCs). As of June 26, 2018, its fleet consisted of 22 VLGCs with carrying capacity of approximately 1.8 million cubic meters.

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