Dorian LPG Ltd. (LPG) Given Average Recommendation of “Hold” by Brokerages
Dorian LPG Ltd. (NYSE:LPG) has earned an average recommendation of “Hold” from the four research firms that are presently covering the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $18.00.
A number of analysts have commented on LPG shares. Zacks Investment Research raised 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.
Shares of Dorian LPG (NYSE:LPG) opened at 6.45 on Tuesday. The firm has a market cap of $348.21 million, a P/E ratio of 3.15 and a beta of 1.02. The company has a 50 day moving average price of $5.88 and a 200-day moving average price of $7.55. Dorian LPG has a 52-week low of $5.07 and a 52-week high of $13.80.
Dorian LPG (NYSE:LPG) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.05. The company earned $50.50 million during the quarter, compared to analyst estimates of $34.90 million. Dorian LPG had a net margin of 37.74% and a return on equity of 13.85%. The business’s revenue for the quarter was up 54.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 earnings per share. On average, analysts expect that Dorian LPG will post ($0.31) earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP boosted its stake in shares of Dorian LPG by 6.7% in the first quarter. Wellington Management Group LLP now owns 5,693,622 shares of the company’s stock worth $53,520,000 after buying an additional 359,411 shares during the period. Geode Capital Management LLC boosted its position in Dorian LPG by 7.3% in the first quarter. Geode Capital Management LLC now owns 26,921 shares of the company’s stock worth $253,000 after buying an additional 1,821 shares during the period. Barclays PLC boosted its position in Dorian LPG by 441.3% in the first quarter. Barclays PLC now owns 184,600 shares of the company’s stock worth $1,661,000 after buying an additional 150,500 shares during the period. Robotti Robert boosted its position in Dorian LPG by 3.1% in the first quarter. Robotti Robert now owns 25,775 shares of the company’s stock worth $242,000 after buying an additional 775 shares during the period. Finally, State Street Corp boosted its position in Dorian LPG by 1.5% in the first quarter. State Street Corp now owns 327,843 shares of the company’s stock worth $3,083,000 after buying an additional 4,970 shares during the period. 47.99% of the stock is currently owned by institutional investors and hedge funds.
Dorian LPG Company Profile
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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