Dorian LPG (NYSE:LPG) Receives Daily Coverage Optimism Rating of 0.05
Press coverage about Dorian LPG (NYSE:LPG) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Dorian LPG earned a daily sentiment score of 0.05 on Accern’s scale. Accern also gave headlines about the shipping company an impact score of 46.3088196301181 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Dorian LPG (NYSE LPG) traded up 2.60% during mid-day trading on Friday, hitting $6.70. 184,203 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $7.76 and a 200-day moving average price of $9.05. The company’s market capitalization is $362.31 million. Dorian LPG has a 52 week low of $5.07 and a 52 week high of $12.50.
Dorian LPG (NYSE:LPG) last released its quarterly earnings results on Monday, July 31st. The shipping company reported ($0.16) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.16). Dorian LPG had a negative return on equity of 4.16% and a negative net margin of 4.33%. The business had revenue of $41 million during the quarter, compared to analysts’ expectations of $37.65 million. During the same period in the previous year, the business posted $0.06 earnings per share. The firm’s revenue for the quarter was down 17.6% compared to the same quarter last year. On average, equities analysts anticipate that Dorian LPG will post ($0.44) EPS for the current year.
A number of research analysts have commented on LPG shares. Zacks Investment Research downgraded shares of Dorian LPG from a “hold” rating to a “strong sell” rating in a research note on Friday, May 12th. Pareto Securities upgraded shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Monday, June 12th. UBS AG set a $8.00 price objective on shares of Dorian LPG and gave the company a “buy” rating in a research note on Saturday, June 17th. ValuEngine upgraded shares of Dorian LPG from a “sell” rating to a “hold” rating in a research note on Saturday, July 22nd. Finally, BidaskClub downgraded shares of Dorian LPG from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $10.00.
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In other Dorian LPG news, insider John C. Hadjipateras sold 250,000 shares of the business’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $7.55, for a total transaction of $1,887,500.00. Following the completion of the sale, the insider now directly owns 2,037,020 shares of the company’s stock, valued at approximately $15,379,501. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 26.50% of the company’s stock.
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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