Dorian LPG (NYSE:LPG) Downgraded to Sell at ValuEngine

ValuEngine lowered shares of Dorian LPG (NYSE:LPG) from a hold rating to a sell rating in a report published on Monday, February 4th.

Separately, Zacks Investment Research upgraded Dorian LPG from a hold rating to a buy rating and set a $8.50 price target on the stock in a research report on Wednesday, October 17th.

Shares of LPG stock traded down $0.15 during trading hours on Monday, hitting $5.75. The company had a trading volume of 93,714 shares, compared to its average volume of 140,646. Dorian LPG has a 12 month low of $5.32 and a 12 month high of $8.80. The firm has a market cap of $338.24 million, a P/E ratio of -9.27 and a beta of 0.83. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.70.

Dorian LPG (NYSE:LPG) last released its quarterly earnings data on Monday, February 4th. The shipping company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.08. The company had revenue of $55.11 million for the quarter, compared to analyst estimates of $47.29 million. Dorian LPG had a negative return on equity of 4.35% and a negative net margin of 23.65%. Sell-side analysts forecast that Dorian LPG will post -0.68 EPS for the current year.

In other news, Director Christina Tan acquired 20,090 shares of the firm’s stock in a transaction on Tuesday, December 4th. The shares were purchased at an average cost of $6.94 per share, for a total transaction of $139,424.60. Following the transaction, the director now owns 65,993 shares of the company’s stock, valued at $457,991.42. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 26.40% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of LPG. Vanguard Group Inc raised its stake in Dorian LPG by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 512,641 shares of the shipping company’s stock worth $4,086,000 after buying an additional 5,047 shares during the period. United Services Automobile Association raised its stake in Dorian LPG by 1.0% during the 4th quarter. United Services Automobile Association now owns 572,087 shares of the shipping company’s stock worth $3,335,000 after buying an additional 5,920 shares during the period. BlackRock Inc. raised its stake in Dorian LPG by 0.4% during the 3rd quarter. BlackRock Inc. now owns 1,755,254 shares of the shipping company’s stock worth $13,988,000 after buying an additional 6,691 shares during the period. Bank of America Corp DE raised its stake in Dorian LPG by 56.1% during the 4th quarter. Bank of America Corp DE now owns 19,717 shares of the shipping company’s stock worth $115,000 after buying an additional 7,082 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Dorian LPG by 7.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 102,979 shares of the shipping company’s stock worth $787,000 after buying an additional 7,278 shares during the period. 56.45% of the stock is currently owned by institutional investors.

Dorian LPG Company Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates very large gas carriers (VLGCs). As of June 26, 2018, its fleet consisted of 22 VLGCs with carrying capacity of approximately 1.8 million cubic meters.

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