Dorian LPG Ltd. (LPG) Sees Strong Trading Volume
Dorian LPG Ltd. (NYSE:LPG) saw an uptick in trading volume on Thursday . 225,486 shares were traded during trading, a decline of 13% from the previous session’s volume of 259,388 shares.The stock last traded at $5.95 and had previously closed at $6.00.
Several brokerages recently issued reports on LPG. Zacks Investment Research upgraded shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. ABN Amro cut shares of Dorian LPG from a “buy” rating to a “hold” rating in a research report on Thursday, June 30th.
The firm has a market cap of $312.58 million and a price-to-earnings ratio of 2.83. The company has a 50 day moving average of $6.46 and a 200-day moving average of $8.66.
Dorian LPG (NYSE:LPG) last released its quarterly earnings data 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 analyst estimates of $34.90 million. The firm’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 EPS. On average, equities research analysts expect that Dorian LPG Ltd. will post $0.33 EPS for the current fiscal year.
In other news, CEO John C. Hadjipateras bought 20,000 shares of the stock in a transaction dated Wednesday, June 29th. The stock was purchased at an average price of $7.39 per share, for a total transaction of $147,800.00. Following the acquisition, the chief executive officer now owns 2,279,744 shares of the company’s stock, valued at $16,847,308.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
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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