BidaskClub Lowers Dorian LPG Ltd. (LPG) to Strong Sell

BidaskClub cut shares of Dorian LPG Ltd. (NYSE:LPG) from a sell rating to a strong sell rating in a research note published on Tuesday.

A number of other equities research analysts have also recently issued reports on the stock. ValuEngine raised shares of Dorian LPG from a sell rating to a hold rating in a research report on Saturday, July 22nd. Zacks Investment Research cut shares of Dorian LPG from a hold rating to a sell rating in a research report on Wednesday, July 12th. UBS AG set a $8.00 target price on shares of Dorian LPG and gave the company a buy rating in a research report on Saturday, June 17th. Finally, Pareto Securities raised shares of Dorian LPG from a hold rating to a buy rating and set a $10.00 target price for the company in a research report on Monday, June 12th. Two research 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 presently has a consensus rating of Hold and an average target price of $10.00.

Dorian LPG (NYSE:LPG) traded up 2.60% during mid-day trading on Tuesday, hitting $6.70. 184,203 shares of the company traded hands. The stock’s market capitalization is $362.31 million. The company’s 50-day moving average is $7.76 and its 200-day moving average is $9.05. Dorian LPG has a one year low of $5.07 and a one year high of $12.50.

Dorian LPG (NYSE:LPG) last announced its 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). The company had revenue of $41 million during the quarter, compared to analysts’ expectations of $37.65 million. Dorian LPG had a negative net margin of 4.33% and a negative return on equity of 4.16%. Dorian LPG’s quarterly revenue was down 17.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 earnings per share. Analysts predict that Dorian LPG will post ($0.44) EPS for the current year.

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In other news, insider John C. Hadjipateras sold 250,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $15,379,501. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 26.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of LPG. Gargoyle Investment Advisor L.L.C. bought a new position in Dorian LPG during the first quarter worth approximately $150,000. American International Group Inc. increased its position in Dorian LPG by 7.1% in the first quarter. American International Group Inc. now owns 14,921 shares of the shipping company’s stock worth $157,000 after buying an additional 987 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Dorian LPG during the first quarter worth approximately $173,000. Citadel Advisors LLC increased its position in Dorian LPG by 32.8% in the first quarter. Citadel Advisors LLC now owns 17,041 shares of the shipping company’s stock worth $179,000 after buying an additional 4,208 shares during the period. Finally, Eagle Global Advisors LLC bought a new position in Dorian LPG during the second quarter worth approximately $165,000. 47.89% of the stock is 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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