Dorian LPG Ltd. (LPG) Trading Down 4.3%
Dorian LPG Ltd. (NYSE:LPG)’s share price fell 4.3% during mid-day trading on Wednesday . The stock traded as low as $5.25 and last traded at $5.38, with a volume of 162,780 shares changing hands. The stock had previously closed at $5.62.
Several research firms have issued reports on LPG. ABN Amro downgraded shares of Dorian LPG from a “buy” rating to a “hold” rating in a report on Thursday, June 30th. Zacks Investment Research raised shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 3rd.
The firm has a 50-day moving average of $6.37 and a 200-day moving average of $8.59. The firm has a market cap of $287.75 million and a PE ratio of 2.60.
Dorian LPG (NYSE:LPG) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.11 by $0.05. The company had revenue of $50.50 million for the quarter, compared to analysts’ expectations of $34.90 million. During the same period last year, the business posted $0.24 EPS. Dorian LPG’s revenue was up 54.9% compared to the same quarter last year. On average, analysts anticipate that Dorian LPG Ltd. will post $0.05 EPS for the current year.
In other Dorian LPG news, CEO John C. Hadjipateras purchased 20,000 shares of Dorian LPG stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 2,279,744 shares in the company, valued at $16,847,308.16. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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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