Dorian LPG (LPG) Receives Daily News Impact Rating of 0.03
News coverage about Dorian LPG (NYSE:LPG) has trended somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Dorian LPG earned a news impact score of 0.03 on Accern’s scale. Accern also assigned media stories about the shipping company an impact score of 46.2530218331562 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Head to Head Review: Dorian LPG (LPG) vs. Scorpio Tankers (STNG) (americanbankingnews.com)
- Analysts Anticipate Dorian LPG Ltd. (LPG) Will Announce Quarterly Sales of $32.05 Million (americanbankingnews.com)
- Dorian LPG Ltd. (LPG) Expected to Announce Earnings of -$0.27 Per Share (americanbankingnews.com)
- Dorian LPG Ltd. – Value Analysis (NYSE:LPG) : September 12, 2017 (finance.yahoo.com)
- Dorian LPG Ltd. breached its 50 day moving average in a Bearish Manner : LPG-US : September 11, 2017 (finance.yahoo.com)
Dorian LPG (NYSE LPG) traded down 3.00% during mid-day trading on Monday, reaching $7.43. 194,071 shares of the company’s stock traded hands. The company’s market capitalization is $401.78 million. Dorian LPG has a 52-week low of $5.31 and a 52-week high of $12.50. The company has a 50-day moving average of $7.04 and a 200-day moving average of $8.47.
Dorian LPG (NYSE:LPG) last issued its quarterly earnings results on Monday, July 31st. The shipping company reported ($0.16) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.16). The business had revenue of $41.00 million during the quarter, compared to the consensus estimate of $37.65 million. Dorian LPG had a negative net margin of 4.33% and a negative return on equity of 4.16%. The firm’s quarterly revenue was down 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 EPS. Equities research analysts expect that Dorian LPG will post ($0.44) EPS for the current year.
A number of brokerages have recently weighed in on LPG. Pareto Securities raised shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Monday, June 12th. ValuEngine raised shares of Dorian LPG from a “sell” rating to a “hold” rating in a research note on Saturday, July 22nd. BidaskClub cut shares of Dorian LPG from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Zacks Investment Research cut shares of Dorian LPG from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. Finally, UBS AG set a $8.00 target price on shares of Dorian LPG and gave the stock a “buy” rating in a research note on Saturday, June 17th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. Dorian LPG currently has an average rating of “Hold” and an average price target of $10.00.
In related news, insider John C. Hadjipateras sold 250,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $7.55, for a total value of $1,887,500.00. Following the completion of the sale, the insider now owns 2,037,020 shares in the company, valued at approximately $15,379,501. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 26.50% of the stock is currently owned by corporate insiders.
About Dorian LPG
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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