Dorian LPG Ltd. (LPG) Stock Rating Lowered by Zacks Investment Research
Dorian LPG Ltd. (NYSE:LPG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.
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. “
Separately, ABN Amro cut Dorian LPG from a “buy” rating to a “hold” rating in a report on Thursday, June 30th.
Dorian LPG (NYSE:LPG) opened at 6.18 on Wednesday. The company has a market cap of $333.63 million, a price-to-earnings ratio of 3.02 and a beta of 1.01. The firm’s 50-day moving average price is $5.90 and its 200-day moving average price is $7.48. Dorian LPG has a 52-week low of $5.07 and a 52-week high of $13.80.
Dorian LPG (NYSE:LPG) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.05. The business had revenue of $50.50 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 earnings per share. On average, equities analysts anticipate that Dorian LPG will post ($0.31) EPS for the current year.
Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in Dorian LPG by 31.1% in the second quarter. Dimensional Fund Advisors LP now owns 951,409 shares of the company’s stock valued at $6,708,000 after buying an additional 225,548 shares during the last quarter. Global X Management Co. LLC raised its stake in Dorian LPG by 26.2% in the second quarter. Global X Management Co. LLC now owns 593,088 shares of the company’s stock valued at $4,181,000 after buying an additional 123,269 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Dorian LPG during the second quarter valued at approximately $123,000. Emerald Acquisition Ltd. acquired a new stake in Dorian LPG during the second quarter valued at approximately $777,000. Finally, Barclays PLC raised its stake in 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. 48.02% of the stock is currently owned by institutional investors.
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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