ValuEngine Lowers Dorian LPG Ltd. (LPG) to Sell

ValuEngine cut shares of Dorian LPG Ltd. (NYSE:LPG) from a hold rating to a sell rating in a research report released on Thursday.

A number of other research firms also recently weighed in on LPG. Zacks Investment Research upgraded Dorian LPG from a hold rating to a buy rating and set a $8.25 price target for the company in a research note on Friday, November 3rd. BidaskClub downgraded Dorian LPG from a hold rating to a sell rating in a research note on Friday, July 28th. Finally, DNB Markets downgraded Dorian LPG from a buy rating to a hold rating in a research note 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 given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $8.75.

Dorian LPG (NYSE LPG) opened at $7.63 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.55 and a current ratio of 0.56. Dorian LPG has a fifty-two week low of $6.20 and a fifty-two 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, beating the Zacks’ consensus estimate of ($0.25) by $0.02. The firm had revenue of $34.73 million during 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 business’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company earned ($0.25) earnings per share. equities analysts predict that Dorian LPG will post -0.66 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://sportsperspectives.com/2017/11/20/valuengine-lowers-dorian-lpg-ltd-lpg-to-sell.html.

A number of hedge funds have recently bought and sold shares of the business. Royce & Associates LP grew its stake in Dorian LPG by 27.9% in the third quarter. Royce & Associates LP now owns 1,336,331 shares of the shipping company’s stock valued at $9,114,000 after purchasing an additional 291,500 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Dorian LPG by 9.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,687,162 shares of the shipping company’s stock valued at $11,508,000 after purchasing an additional 149,524 shares in the last quarter. Macquarie Group Ltd. bought a new position in Dorian LPG in the third quarter valued at approximately $120,000. SG Americas Securities LLC bought a new position in Dorian LPG in the third quarter valued at approximately $199,000. Finally, Private Management Group Inc. grew its stake in Dorian LPG by 4.6% in the third quarter. Private Management Group Inc. now owns 420,685 shares of the shipping company’s stock valued at $2,869,000 after purchasing an additional 18,682 shares in the last quarter. Hedge funds and other institutional investors own 46.89% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Dorian LPG Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dorian LPG Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply