Dorian LPG Ltd (NYSE:LPG) CFO Theodore B. Young sold 4,500 shares of the business’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $9.36, for a total transaction of $42,120.00. Following the sale, the chief financial officer now owns 122,253 shares in the company, valued at $1,144,288.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
LPG stock opened at $9.60 on Friday. The stock’s 50 day moving average price is $8.39. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 1.01. Dorian LPG Ltd has a fifty-two week low of $5.26 and a fifty-two week high of $10.06. The stock has a market capitalization of $534.58 million, a price-to-earnings ratio of -12.15 and a beta of 1.20.
Dorian LPG (NYSE:LPG) last released its earnings results on Thursday, May 23rd. The shipping company reported ($0.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.07). Dorian LPG had a negative return on equity of 4.65% and a negative net margin of 32.24%. The firm had revenue of $34.47 million for the quarter, compared to analysts’ expectations of $37.43 million. As a group, sell-side analysts forecast that Dorian LPG Ltd will post -0.13 earnings per share for the current fiscal year.
A number of analysts recently weighed in on LPG shares. DNB Markets lowered shares of Dorian LPG from a “buy” rating to a “hold” rating in a research note on Friday, June 21st. Zacks Investment Research lowered shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, ValuEngine upgraded shares of United Overseas Bank from a “sell” rating to a “hold” rating in a research note on Monday, June 17th.
About Dorian LPG
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.
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