Dorian LPG (LPG) Downgraded by ValuEngine to Hold

ValuEngine cut shares of Dorian LPG (NYSE:LPG) from a buy rating to a hold rating in a report released on Tuesday.

Separately, Zacks Investment Research lowered Dorian LPG from a buy rating to a hold rating in a research report on Thursday, November 1st.

NYSE LPG traded down $0.47 during mid-day trading on Tuesday, reaching $7.70. 3,128 shares of the company’s stock traded hands, compared to its average volume of 134,228. Dorian LPG has a 1-year low of $6.87 and a 1-year high of $8.80. The company has a quick ratio of 1.13, a current ratio of 1.15 and a debt-to-equity ratio of 0.71. The firm has a market cap of $451.82 million, a PE ratio of -12.54 and a beta of 0.86.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings data on Wednesday, October 31st. The shipping company reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.01. The firm had revenue of $40.81 million during the quarter, compared to analyst estimates of $38.32 million. Dorian LPG had a negative return on equity of 4.58% and a negative net margin of 20.11%. On average, analysts anticipate that Dorian LPG will post -0.71 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the stock. Royce & Associates LP boosted its position in Dorian LPG by 6.3% during the 2nd quarter. Royce & Associates LP now owns 2,256,629 shares of the shipping company’s stock valued at $17,241,000 after purchasing an additional 134,500 shares during the period. United Services Automobile Association boosted its position in Dorian LPG by 17.5% during the 2nd quarter. United Services Automobile Association now owns 566,167 shares of the shipping company’s stock valued at $4,326,000 after purchasing an additional 84,210 shares during the period. JPMorgan Chase & Co. boosted its position in Dorian LPG by 936.5% during the 1st quarter. JPMorgan Chase & Co. now owns 140,079 shares of the shipping company’s stock valued at $1,050,000 after purchasing an additional 126,564 shares during the period. BlackRock Inc. boosted its position in Dorian LPG by 24.0% during the 2nd quarter. BlackRock Inc. now owns 1,748,563 shares of the shipping company’s stock valued at $13,359,000 after purchasing an additional 338,709 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Dorian LPG by 7.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 102,979 shares of the shipping company’s stock valued at $787,000 after purchasing an additional 7,278 shares during the period. Institutional investors and hedge funds own 56.93% of the company’s stock.

Dorian LPG Company Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates very large gas carriers (VLGCs). As of June 26, 2018, its fleet consisted of 22 VLGCs with carrying capacity of approximately 1.8 million cubic meters.

Read More: Analyzing a company’s cash flow statement

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

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