Dorian LPG Ltd. (NYSE:LPG) has earned a consensus rating of “Hold” from the four ratings firms that are presently covering the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $18.00.
Several brokerages have weighed in on LPG. Zacks Investment Research raised Dorian LPG from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 3rd. ABN Amro lowered Dorian LPG from a “buy” rating to a “hold” rating in a research note on Thursday, June 30th.
Dorian LPG (NYSE:LPG) opened at 6.47 on Tuesday. The stock’s 50 day moving average price is $5.87 and its 200 day moving average price is $7.57. The firm has a market cap of $349.29 million, a price-to-earnings ratio of 3.16 and a beta of 1.02. Dorian LPG has a 52 week low of $5.07 and a 52 week high of $13.80.
Dorian LPG (NYSE:LPG) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.05. The company earned $50.50 million during the quarter, compared to analyst estimates of $34.90 million. Dorian LPG had a net margin of 37.74% and a return on equity of 13.85%. Dorian LPG’s revenue was up 54.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 earnings per share. On average, equities research analysts predict that Dorian LPG will post ($0.31) EPS for the current year.
Several institutional investors have recently modified their holdings of LPG. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Dorian LPG during the second quarter valued at about $123,000. Alliancebernstein L.P. raised its stake in shares of Dorian LPG by 49.0% in the second quarter. Alliancebernstein L.P. now owns 21,300 shares of the company’s stock worth $150,000 after buying an additional 7,000 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Dorian LPG during the second quarter worth $155,000. Royal Bank of Canada raised its stake in shares of Dorian LPG by 566.9% in the second quarter. Royal Bank of Canada now owns 34,185 shares of the company’s stock worth $241,000 after buying an additional 29,059 shares in the last quarter. Finally, Robotti Robert raised its stake in shares of Dorian LPG by 3.1% in the first quarter. Robotti Robert now owns 25,775 shares of the company’s stock worth $242,000 after buying an additional 775 shares in the last quarter. Institutional investors own 47.99% 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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