Dorian LPG Ltd. (NYSE:LPG) has been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $8.75.

Several analysts recently weighed in on the company. ValuEngine downgraded Dorian LPG from a “hold” rating to a “sell” rating in a research note on Thursday, November 16th. Zacks Investment Research upgraded Dorian LPG from a “hold” rating to a “buy” rating and set a $8.25 target price on the stock in a research note on Friday, November 3rd. Finally, DNB Markets downgraded Dorian LPG from a “buy” rating to a “hold” rating in a research note on Friday, October 27th.

Dorian LPG (LPG) traded down $0.34 during trading on Friday, hitting $8.18. The company had a trading volume of 170,564 shares, compared to its average volume of 203,319. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.62. Dorian LPG has a 52 week low of $6.20 and a 52 week high of $12.50.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings results on Friday, November 3rd. The shipping company reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.02. The company had revenue of $34.73 million for the quarter, compared to the consensus estimate of $31.13 million. Dorian LPG had a negative return on equity of 4.06% and a negative net margin of 7.30%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.25) EPS. analysts expect that Dorian LPG will post -0.66 EPS for the current fiscal year.

In other Dorian LPG news, Director Christina Tan bought 10,000 shares of the business’s stock in a transaction on Friday, December 8th. The shares were acquired at an average cost of $7.00 per share, for a total transaction of $70,000.00. Following the purchase, the director now owns 39,475 shares in the company, valued at approximately $276,325. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 26.50% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Royce & Associates LP boosted its stake in shares of Dorian LPG by 41.7% in the 2nd quarter. Royce & Associates LP now owns 1,044,831 shares of the shipping company’s stock worth $8,547,000 after buying an additional 307,597 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Dorian LPG in the 2nd quarter worth $2,487,000. Dimensional Fund Advisors LP boosted its stake in shares of Dorian LPG by 15.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,537,638 shares of the shipping company’s stock worth $12,578,000 after buying an additional 206,202 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of Dorian LPG by 96.5% in the 2nd quarter. GSA Capital Partners LLP now owns 162,312 shares of the shipping company’s stock worth $1,328,000 after buying an additional 79,712 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of Dorian LPG in the 2nd quarter worth $581,000. Institutional investors and hedge funds own 47.71% of the company’s stock.

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Dorian LPG Company Profile

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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