ValuEngine upgraded shares of Dorian LPG Ltd. (NYSE:LPG) from a sell rating to a hold rating in a research report report published on Thursday.

Several other equities research analysts have also commented on LPG. BidaskClub lowered Dorian LPG from a sell rating to a strong sell rating in a research report on Tuesday, August 8th. Zacks Investment Research lowered Dorian LPG from a hold rating to a sell rating in a research report on Tuesday, August 15th. Finally, DNB Markets lowered Dorian LPG from a buy rating to a hold rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $8.75.

Shares of Dorian LPG (NYSE LPG) opened at $7.97 on Thursday. Dorian LPG has a 52-week low of $6.20 and a 52-week high of $12.50. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.62.

Dorian LPG (NYSE:LPG) last announced its earnings results on Friday, November 3rd. The shipping company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.02. Dorian LPG had a negative return on equity of 4.06% and a negative net margin of 7.30%. The company had revenue of $34.73 million for the quarter, compared to analyst estimates of $31.13 million. During the same quarter in the prior year, the company earned ($0.25) EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. analysts predict that Dorian LPG will post -0.64 earnings per share for the current year.

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A number of hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in Dorian LPG by 15.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,537,638 shares of the shipping company’s stock worth $12,578,000 after buying an additional 206,202 shares during the period. Oppenheimer & Close LLC raised its stake in Dorian LPG by 3.7% during the 2nd quarter. Oppenheimer & Close LLC now owns 1,216,943 shares of the shipping company’s stock worth $9,954,000 after buying an additional 43,369 shares during the period. Royce & Associates LP raised its stake in Dorian LPG by 41.7% during the 2nd quarter. Royce & Associates LP now owns 1,044,831 shares of the shipping company’s stock worth $8,547,000 after buying an additional 307,597 shares during the period. Global X Management Co. LLC raised its stake in Dorian LPG by 22.5% during the 2nd quarter. Global X Management Co. LLC now owns 608,078 shares of the shipping company’s stock worth $4,974,000 after buying an additional 111,551 shares during the period. Finally, Private Management Group Inc. raised its stake in Dorian LPG by 4.6% during the 3rd quarter. Private Management Group Inc. now owns 420,685 shares of the shipping company’s stock worth $2,869,000 after buying an additional 18,682 shares during the period. 45.04% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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