Dorian LPG (LPG) Cut to “Hold” at ValuEngine
ValuEngine cut shares of Dorian LPG (NYSE:LPG) from a buy rating to a hold rating in a research note published on Wednesday.
Separately, Zacks Investment Research cut shares of Dorian LPG from a hold rating to a sell rating in a research report on Wednesday, May 9th.
Dorian LPG traded down $0.01, reaching $7.75, during trading on Wednesday, MarketBeat Ratings reports. 96,273 shares of the company were exchanged, compared to its average volume of 149,329. The stock has a market cap of $444.57 million, a price-to-earnings ratio of -12.50 and a beta of 1.08. Dorian LPG has a twelve month low of $6.20 and a twelve month high of $8.80. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.65 and a quick ratio of 1.62.
Hedge funds have recently added to or reduced their stakes in the stock. Element Capital Management LLC acquired a new position in Dorian LPG during the 1st quarter worth approximately $105,000. Donald Smith & CO. Inc. acquired a new position in Dorian LPG in the 2nd quarter valued at approximately $132,000. Barclays PLC increased its position in Dorian LPG by 127.0% in the 1st quarter. Barclays PLC now owns 17,837 shares of the shipping company’s stock valued at $134,000 after acquiring an additional 9,980 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Dorian LPG in the 2nd quarter valued at approximately $184,000. Finally, Teachers Advisors LLC increased its position in Dorian LPG by 18.3% in the 4th quarter. Teachers Advisors LLC now owns 42,770 shares of the shipping company’s stock valued at $352,000 after acquiring an additional 6,609 shares during the period. Institutional investors and hedge funds own 56.85% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Dorian LPG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dorian LPG and related companies with MarketBeat.com's FREE daily email newsletter.