Dorian LPG Ltd. (LPG) Trading Up 6.2%
Dorian LPG Ltd. (NYSE:LPG)’s share price was up 6.2% during mid-day trading on Thursday . The stock traded as high as $6.35 and last traded at $6.20, with a volume of 140,333 shares changing hands. The stock had previously closed at $5.84.
LPG has been the topic of a number of recent analyst reports. ABN Amro downgraded shares of Dorian LPG from a “buy” rating to a “hold” rating in a research note on Thursday, June 30th. Zacks Investment Research raised shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 3rd.
The company has a market cap of $340.65 million and a P/E ratio of 3.08. The firm has a 50-day moving average price of $6.77 and a 200-day moving average price of $8.99.
Dorian LPG (NYSE:LPG) last released its earnings results on Thursday, July 28th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.05. The business had revenue of $50.50 million for the quarter, compared to analysts’ expectations of $34.90 million. The company’s revenue for the quarter was up 54.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 earnings per share. On average, analysts expect that Dorian LPG Ltd. will post $1.37 EPS for the current year.
In other Dorian LPG news, CEO John C. Hadjipateras acquired 20,000 shares of the stock in a transaction dated Wednesday, June 29th. The shares were bought at an average price of $7.39 per share, with a total value of $147,800.00. Following the purchase, the chief executive officer now directly owns 2,279,744 shares of the company’s stock, valued at approximately $16,847,308.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
An institutional investor recently raised its position in Dorian LPG stock. Royce & Associates LLC raised its stake in Dorian LPG Ltd. (NYSE:LPG) by 72.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 213,734 shares of the company’s stock after buying an additional 90,000 shares during the period. Royce & Associates LLC owned about 0.37% of Dorian LPG worth $2,516,000 as of its most recent filing with the SEC.
Dorian LPG Ltd is a pure-play liquefied petroleum gas (LPG) shipping company, based in the Marshall Islands. The Company operates three very large gas carriers (VLGC) and one pressurized LPG vessel. Additionally, it contracts for 16 fuel-efficient VLGC newbuildings, with deliveries scheduled for 2014 and 2015.
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