Dorian LPG Ltd. (NYSE:LPG) released its quarterly earnings data on Wednesday. The shipping company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.14, Bloomberg Earnings reports. The business had revenue of $47.60 million for 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%. The company’s revenue was down 44.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share.
Shares of Dorian LPG (LPG) traded up 2.05% during midday trading on Friday, hitting $7.47. 241,115 shares of the stock were exchanged. Dorian LPG has a 52-week low of $5.07 and a 52-week high of $12.50. The stock has a market cap of $402.27 million, a P/E ratio of 24.33 and a beta of 1.22. The firm’s 50 day moving average price is $8.34 and its 200-day moving average price is $9.37.
Several equities research analysts have commented on LPG shares. Pareto Securities raised shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Monday. Zacks Investment Research raised shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Tuesday, April 4th.
Several 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 $150,000. American International Group Inc. boosted 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 last quarter. Dynamic Technology Lab Private Ltd bought a new position in Dorian LPG during the first quarter worth $173,000. Citadel Advisors LLC boosted 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 last quarter. Finally, Russell Investments Group Ltd. bought a new position in Dorian LPG during the first quarter worth $235,000. 47.59% of the stock is currently owned by hedge funds and other 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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