Dorian LPG (LPG) Receives $9.00 Consensus Price Target from Analysts

Shares of Dorian LPG (NYSE:LPG) have been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $8.00.

A number of equities analysts have recently commented on LPG shares. Zacks Investment Research lowered shares of Dorian LPG from a “hold” rating to a “sell” rating in a research report on Wednesday, April 4th. ValuEngine lowered shares of Dorian LPG from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd.

Shares of Dorian LPG traded up $0.06, reaching $8.47, during trading hours on Friday, Marketbeat.com reports. The stock had a trading volume of 185,300 shares, compared to its average volume of 306,359. The company has a current ratio of 0.65, a quick ratio of 0.63 and a debt-to-equity ratio of 0.62. Dorian LPG has a 12 month low of $6.20 and a 12 month high of $8.79. The firm has a market capitalization of $479.59 million, a P/E ratio of -15.56 and a beta of 1.00.

In related news, CEO John Lycouris sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, April 13th. The shares were sold at an average price of $8.00, for a total value of $48,000.00. Following the sale, the chief executive officer now directly owns 216,065 shares of the company’s stock, valued at $1,728,520. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 26.50% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC raised its stake in Dorian LPG by 195.2% in the first quarter. Millennium Management LLC now owns 242,212 shares of the shipping company’s stock valued at $1,814,000 after purchasing an additional 160,161 shares in the last quarter. Element Capital Management LLC purchased a new stake in Dorian LPG in the first quarter valued at approximately $105,000. Barclays PLC raised its stake in Dorian LPG by 127.0% in the first quarter. Barclays PLC now owns 17,837 shares of the shipping company’s stock valued at $134,000 after purchasing an additional 9,980 shares in the last quarter. City Financial Investment Co Ltd purchased a new stake in Dorian LPG in the first quarter valued at approximately $1,737,000. Finally, Citadel Advisors LLC raised its stake in Dorian LPG by 585.1% in the first quarter. Citadel Advisors LLC now owns 79,431 shares of the shipping company’s stock valued at $595,000 after purchasing an additional 67,837 shares in the last quarter. 57.65% of the stock is currently owned by institutional investors and hedge funds.

About Dorian LPG

Dorian LPG Ltd. operates as a liquefied petroleum gas (LPG) shipping company worldwide. The company engages in the transportation of LPG. It primarily serves energy companies and commodity traders through its fleet of 22 very large gas carriers with an aggregate carrying capacity of approximately 1.8 million cubic meters.

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