Dorian LPG Ltd. (NYSE:LPG) announced its earnings results on Friday. The shipping company reported ($0.23) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.02, Bloomberg Earnings reports. Dorian LPG had a negative return on equity of 4.16% and a negative net margin of 4.33%. The company had revenue of $34.73 million for the quarter, compared to analysts’ expectations of $31.13 million. During the same period last year, the firm earned ($0.25) EPS. Dorian LPG’s revenue for the quarter was up 3.3% compared to the same quarter last year.

Shares of Dorian LPG (NYSE LPG) opened at $7.84 on Friday. Dorian LPG has a 12 month low of $5.76 and a 12 month high of $12.50. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 0.70.

LPG has been the topic of a number of recent research reports. BidaskClub cut Dorian LPG from a “hold” rating to a “sell” rating in a report on Friday, July 28th. ValuEngine raised Dorian LPG from a “sell” rating to a “hold” rating in a report on Saturday, July 22nd. Zacks Investment Research cut Dorian LPG from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, DNB Markets cut Dorian LPG from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $8.75.

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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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