Dorian LPG Ltd. (NYSE:LPG) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Thursday.

LPG has been the topic of several other reports. BidaskClub cut shares of Dorian LPG from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Zacks Investment Research raised shares of Dorian LPG from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, DNB Markets cut shares of Dorian LPG from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $8.75.

Shares of Dorian LPG (LPG) opened at $7.63 on Thursday. Dorian LPG has a 12 month low of $6.20 and a 12 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 released its quarterly earnings results on Friday, November 3rd. The shipping company reported ($0.23) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.02. Dorian LPG had a negative net margin of 7.30% and a negative return on equity of 4.06%. The company had revenue of $34.73 million for the quarter, compared to analysts’ expectations of $31.13 million. During the same period last year, the company earned ($0.25) EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. equities analysts expect that Dorian LPG will post -0.64 EPS for the current year.

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Several hedge funds have recently made changes to their positions in LPG. Bank of New York Mellon Corp lifted its holdings in shares of Dorian LPG by 17.7% during the 1st quarter. Bank of New York Mellon Corp now owns 73,254 shares of the shipping company’s stock worth $772,000 after acquiring an additional 11,034 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in shares of Dorian LPG by 177.1% during the 1st quarter. Parametric Portfolio Associates LLC now owns 91,434 shares of the shipping company’s stock worth $963,000 after acquiring an additional 58,440 shares during the period. American International Group Inc. lifted its holdings in shares of Dorian LPG by 7.1% during the 1st quarter. American International Group Inc. now owns 14,921 shares of the shipping company’s stock worth $157,000 after acquiring an additional 987 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Dorian LPG by 29.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,331,436 shares of the shipping company’s stock worth $14,020,000 after acquiring an additional 299,021 shares during the period. Finally, KCG Holdings Inc. lifted its holdings in shares of Dorian LPG by 102.6% during the 1st quarter. KCG Holdings Inc. now owns 32,485 shares of the shipping company’s stock worth $342,000 after acquiring an additional 16,450 shares during the period. Institutional investors and hedge funds 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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