Dorian LPG (LPG) Posts Earnings Results, Misses Expectations By $0.07 EPS
Dorian LPG (NYSE:LPG) posted its earnings results on Thursday. The shipping company reported ($0.22) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.07), Morningstar.com reports. Dorian LPG had a negative return on equity of 4.35% and a negative net margin of 23.65%.
Shares of LPG stock opened at $6.79 on Friday. The stock has a market capitalization of $441.42 million, a P/E ratio of -10.95 and a beta of 0.99. Dorian LPG has a 52-week low of $5.26 and a 52-week high of $8.80. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.14 and a current ratio of 1.17.
In related news, Director Christina Tan purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were purchased at an average price of $5.85 per share, for a total transaction of $29,250.00. Following the transaction, the director now directly owns 72,729 shares of the company’s stock, valued at approximately $425,464.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John C. Hadjipateras purchased 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 29th. The stock was bought at an average price of $6.43 per share, for a total transaction of $128,600.00. Following the transaction, the chief executive officer now directly owns 1,924,678 shares in the company, valued at $12,375,679.54. The disclosure for this purchase can be found here. Insiders purchased a total of 32,500 shares of company stock worth $215,825 in the last 90 days. 26.40% of the stock is currently owned by insiders.
Several equities analysts recently issued reports on LPG shares. Zacks Investment Research upgraded Dorian LPG from a “hold” rating to a “buy” rating and set a $8.75 price target on the stock in a research report on Saturday, May 4th. DNB Markets upgraded Dorian LPG from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Finally, ValuEngine cut Dorian LPG from a “hold” rating to a “sell” rating in a research report on Monday, February 4th.
About Dorian 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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