Dorian LPG Ltd. (LPG) Downgraded by ValuEngine to Sell
ValuEngine lowered shares of Dorian LPG Ltd. (NYSE:LPG) from a hold rating to a sell rating in a research note published on Saturday.
Other analysts also recently issued reports about the company. Zacks Investment Research upgraded Dorian LPG from a strong sell rating to a hold rating in a research report on Wednesday, June 21st. UBS AG set a $8.00 target price on Dorian LPG and gave the stock a buy rating in a research report on Saturday, June 17th. BidaskClub downgraded Dorian LPG from a hold rating to a sell rating in a research report on Friday, July 28th. Finally, Pareto Securities upgraded Dorian LPG from a hold rating to a buy rating and set a $10.00 target price on the stock in a research report on Monday, June 12th. Three research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. Dorian LPG has a consensus rating of Hold and a consensus target price of $10.00.
Shares of Dorian LPG (NYSE:LPG) traded down 7.08% during mid-day trading on Friday, hitting $6.82. The company’s stock had a trading volume of 227,104 shares. Dorian LPG has a 12-month low of $5.58 and a 12-month high of $12.50. The company’s market cap is $368.80 million. The stock has a 50-day moving average of $7.04 and a 200-day moving average of $8.41.
Dorian LPG (NYSE:LPG) last posted its earnings results on Monday, July 31st. The shipping company reported ($0.16) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.16). The company had revenue of $41.00 million for the quarter, compared to the consensus estimate of $37.65 million. Dorian LPG had a negative return on equity of 4.16% and a negative net margin of 4.33%. Dorian LPG’s quarterly revenue was down 17.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 earnings per share. On average, equities research analysts forecast that Dorian LPG will post ($0.44) EPS for the current 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 value of $1,887,500.00. Following the sale, the insider now directly owns 2,037,020 shares in the company, valued at $15,379,501. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.50% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of the company. Robotti Robert lifted its position in shares of Dorian LPG by 0.3% in the second quarter. Robotti Robert now owns 300,791 shares of the shipping company’s stock valued at $2,454,000 after acquiring an additional 791 shares in the last quarter. American International Group Inc. lifted its position in shares of Dorian LPG by 7.1% in the first quarter. American International Group Inc. now owns 14,921 shares of the shipping company’s stock valued at $157,000 after acquiring an additional 987 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of Dorian LPG by 21.3% in the second quarter. Voya Investment Management LLC now owns 15,747 shares of the shipping company’s stock valued at $129,000 after acquiring an additional 2,763 shares in the last quarter. Citadel Advisors LLC lifted its position in shares of Dorian LPG by 32.8% in the first quarter. Citadel Advisors LLC now owns 17,041 shares of the shipping company’s stock valued at $179,000 after acquiring an additional 4,208 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Dorian LPG by 24.4% in the second quarter. Alliancebernstein L.P. now owns 29,100 shares of the shipping company’s stock valued at $238,000 after acquiring an additional 5,700 shares in the last quarter. Institutional investors and hedge funds own 45.63% of the company’s stock.
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.
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