Dorian LPG Ltd. (NYSE:LPG) issued its quarterly earnings data on Wednesday. The shipping company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.14, Bloomberg Earnings reports. The company had revenue of $47.60 million during the quarter, compared to the consensus estimate of $38.08 million. Dorian LPG had a negative net margin of 0.86% and a negative return on equity of 2.98%. Dorian LPG’s revenue for the quarter was down 44.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 earnings per share.
Shares of Dorian LPG (NYSE:LPG) traded up 2.05% during trading on Friday, reaching $7.47. 241,115 shares of the company were exchanged. Dorian LPG has a 1-year low of $5.07 and a 1-year high of $12.50. The stock has a market capitalization of $402.27 million, a P/E ratio of 24.33 and a beta of 1.22. The firm has a 50-day moving average price of $8.39 and a 200-day moving average price of $9.37.
LPG has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Dorian LPG from a “hold” rating to a “strong sell” rating in a research note on Friday, May 12th. Pareto Securities raised shares of Dorian LPG from a “sell” rating to a “hold” rating in a research note on Wednesday, March 1st.
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A number of institutional investors have recently modified their holdings of LPG. Gargoyle Investment Advisor L.L.C. acquired a new position in shares of Dorian LPG during the first quarter valued at approximately $150,000. American International Group Inc. raised its stake in shares of 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 last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Dorian LPG during the first quarter worth $173,000. Citadel Advisors LLC raised its stake in shares of 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 last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Dorian LPG during the first quarter worth $235,000. 47.59% of the stock is owned by institutional investors.
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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