ValuEngine Upgrades Dorian LPG Ltd. (LPG) to “Hold”
Dorian LPG Ltd. (NYSE:LPG) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
LPG has been the topic of a number of other research reports. BidaskClub cut shares of Dorian LPG from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research raised shares of Dorian LPG from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, DNB Markets cut shares of Dorian LPG from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Dorian LPG presently has a consensus rating of “Hold” and an average target price of $8.75.
Shares of Dorian LPG (LPG) opened at $7.97 on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 0.70. Dorian LPG has a 1 year low of $6.20 and a 1 year high of $12.50.
Dorian LPG (NYSE:LPG) last issued its quarterly earnings results on Friday, November 3rd. The shipping company reported ($0.23) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.02. The business had revenue of $34.73 million for the quarter, compared to analysts’ expectations of $31.13 million. Dorian LPG had a negative net margin of 7.30% and a negative return on equity of 4.04%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.25) earnings per share. equities research analysts forecast that Dorian LPG will post -0.69 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently made changes to their positions in LPG. Russell Investments Group Ltd. acquired a new position in shares of Dorian LPG during the first quarter valued at about $235,000. Bank of New York Mellon Corp raised its holdings in shares of Dorian LPG by 17.7% during the first quarter. Bank of New York Mellon Corp now owns 73,254 shares of the shipping company’s stock valued at $772,000 after purchasing an additional 11,034 shares during the period. Parametric Portfolio Associates LLC raised its holdings in shares of Dorian LPG by 177.1% during the first quarter. Parametric Portfolio Associates LLC now owns 91,434 shares of the shipping company’s stock valued at $963,000 after purchasing an additional 58,440 shares during the period. Prudential Financial Inc. raised its holdings in shares of Dorian LPG by 37.0% during the first quarter. Prudential Financial Inc. now owns 199,400 shares of the shipping company’s stock valued at $2,099,000 after purchasing an additional 53,800 shares during the period. Finally, American International Group Inc. raised its holdings in shares of Dorian LPG by 7.1% during the first quarter. American International Group Inc. now owns 14,921 shares of the shipping company’s stock valued at $157,000 after purchasing an additional 987 shares during the period. Hedge funds and other institutional investors own 45.38% 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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