Dorian LPG (LPG) Lifted to Buy at ValuEngine
ValuEngine upgraded shares of Dorian LPG from a hold rating to a buy rating in a research report released on Tuesday, November 27th.
Separately, Zacks Investment Research cut shares of Dorian LPG from a buy rating to a hold rating in a research note on Thursday, November 1st.
171,000 shares of the company were exchanged, compared to its average volume of 224,335. The company has a market capitalization of $387.82 million, a price-to-earnings ratio of -11.11 and a beta of 0.83. Dorian LPG has a 52 week low of $6.85 and a 52 week high of $8.80. The company has a quick ratio of 1.13, a current ratio of 1.15 and a debt-to-equity ratio of 0.71.
Dorian LPG (NYSE:LPG) last announced its quarterly earnings results on Wednesday, October 31st. The shipping company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.01. The firm had revenue of $40.81 million during the quarter, compared to analysts’ expectations of $38.32 million. Dorian LPG had a negative net margin of 20.11% and a negative return on equity of 4.58%. On average, equities analysts expect that Dorian LPG will post -0.71 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in Dorian LPG by 0.4% in the 3rd quarter. BlackRock Inc. now owns 1,755,254 shares of the shipping company’s stock valued at $13,988,000 after buying an additional 6,691 shares during the period. Bank of New York Mellon Corp increased its holdings in Dorian LPG by 7.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 102,979 shares of the shipping company’s stock valued at $787,000 after buying an additional 7,278 shares during the period. California Public Employees Retirement System grew its holdings in shares of Dorian LPG by 8.1% during the 2nd quarter. California Public Employees Retirement System now owns 98,748 shares of the shipping company’s stock valued at $754,000 after purchasing an additional 7,420 shares during the last quarter. Donald Smith & CO. Inc. bought a new stake in shares of Dorian LPG during the 2nd quarter valued at approximately $132,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Dorian LPG during the 3rd quarter valued at approximately $157,000. 56.21% of the stock is currently owned by hedge funds and other institutional investors.