Brokerages Set Dorian LPG Ltd. (LPG) Target Price at $18.00
Shares of Dorian LPG Ltd. (NYSE:LPG) have been assigned a consensus rating of “Hold” from the four research firms that are covering the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $18.00.
LPG has been the topic of a number of analyst reports. ABN Amro cut Dorian LPG from a “buy” rating to a “hold” rating in a research report on Thursday, June 30th. Zacks Investment Research upgraded Dorian LPG from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 3rd.
Several hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake in shares of Dorian LPG by 6.7% in the first quarter. Wellington Management Group LLP now owns 5,693,622 shares of the company’s stock valued at $53,520,000 after buying an additional 359,411 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Dorian LPG by 7.3% in the first quarter. Geode Capital Management LLC now owns 26,921 shares of the company’s stock valued at $253,000 after buying an additional 1,821 shares during the last quarter. Barclays PLC boosted its stake in shares of Dorian LPG by 441.3% in the first quarter. Barclays PLC now owns 184,600 shares of the company’s stock valued at $1,661,000 after buying an additional 150,500 shares during the last quarter. Robotti Robert boosted 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 valued at $242,000 after buying an additional 775 shares during the last quarter. Finally, State Street Corp raised its position in shares of Dorian LPG by 1.5% in the first quarter. State Street Corp now owns 327,843 shares of the company’s stock valued at $3,083,000 after buying an additional 4,970 shares during the period. Institutional investors own 47.99% of the company’s stock.
Shares of Dorian LPG (NYSE:LPG) opened at 6.47 on Tuesday. The company has a market capitalization of $349.29 million, a PE ratio of 3.16 and a beta of 1.02. Dorian LPG has a 12 month low of $5.07 and a 12 month high of $13.80. The firm has a 50-day moving average of $5.87 and a 200 day moving average of $7.57.
Dorian LPG (NYSE:LPG) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by $0.05. Dorian LPG had a net margin of 37.74% and a return on equity of 13.85%. The company earned $50.50 million during the quarter, compared to the consensus estimate of $34.90 million. During the same quarter last year, the company earned $0.24 earnings per share. The business’s revenue was up 54.9% on a year-over-year basis. On average, equities research analysts expect that Dorian LPG will post ($0.31) earnings per share for the current fiscal year.
Dorian LPG Company Profile
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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