Dorian LPG Ltd. (NYSE:LPG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, November 3rd. The firm presently has a $8.25 target price on the shipping company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 3.00% from the stock’s current price.
According to Zacks, “Dorian LPG Ltd is a liquefied petroleum gas shipping company. It is primarily focused on owning and operating Very Large Gas Carriers (VLGCs). The Company offers its services worldwide. Dorian LPG Ltd is headquartered in the United States. “
Several other analysts have also recently commented on the company. DNB Markets cut Dorian LPG from a “buy” rating to a “hold” rating in a report on Friday, October 27th. BidaskClub cut Dorian LPG from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, ValuEngine upgraded Dorian LPG from a “sell” rating to a “hold” rating in a report on Saturday, July 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Dorian LPG presently has an average rating of “Hold” and a consensus price target of $8.75.
Shares of Dorian LPG (NYSE:LPG) opened at $8.01 on Friday. Dorian LPG has a twelve month low of $6.20 and a twelve month high of $12.50. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.56 and a quick ratio of 0.55.
Dorian LPG (NYSE:LPG) last announced its earnings results on Friday, November 3rd. The shipping company reported ($0.23) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.02. Dorian LPG had a negative return on equity of 4.06% and a negative net margin of 7.30%. The business had revenue of $34.73 million for the quarter, compared to analysts’ expectations of $31.13 million. During the same period in the prior year, the business posted ($0.25) earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. equities analysts anticipate that Dorian LPG will post -0.64 EPS for the current year.
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Several institutional investors have recently bought and sold shares of the business. Robotti Robert boosted its holdings in shares of Dorian LPG by 0.3% during the 2nd quarter. Robotti Robert now owns 300,791 shares of the shipping company’s stock worth $2,454,000 after buying an additional 791 shares in the last quarter. American International Group Inc. lifted its holdings in shares of Dorian LPG by 7.1% in the 1st quarter. American International Group Inc. now owns 14,921 shares of the shipping company’s stock worth $157,000 after purchasing an additional 987 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of Dorian LPG by 21.3% in the 2nd quarter. Voya Investment Management LLC now owns 15,747 shares of the shipping company’s stock worth $129,000 after purchasing an additional 2,763 shares in the last quarter. Citadel Advisors LLC lifted its holdings in shares of Dorian LPG by 32.8% in the 1st quarter. Citadel Advisors LLC now owns 17,041 shares of the shipping company’s stock worth $179,000 after purchasing an additional 4,208 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Dorian LPG by 24.4% in the 2nd quarter. Alliancebernstein L.P. now owns 29,100 shares of the shipping company’s stock worth $238,000 after purchasing an additional 5,700 shares in the last quarter. Hedge funds and other institutional investors own 45.04% 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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