Dorian LPG (LPG) Downgraded by Zacks Investment Research to “Hold”

Dorian LPG (NYSE:LPG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “Dorian LPG Ltd is a liquefied petroleum gas shipping company. It is primarily focused on owning and operating Very Large Gas Carriers (VLGCs). The Company offers its services worldwide. Dorian LPG Ltd is headquartered in the United States. “

Separately, ValuEngine raised shares of Dorian LPG from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd.

Shares of

LPG stock

opened at $8.19 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.13 and a current ratio of 1.15. The firm has a market capitalization of $445.75 million, a PE ratio of -13.21 and a beta of 0.86. Dorian LPG has a 12 month low of $6.87 and a 12 month high of $8.80.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings data on Wednesday, October 31st. The shipping company reported ($0.17) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.01. The business had revenue of $40.81 million for the quarter, compared to analyst estimates of $38.32 million. Dorian LPG had a negative net margin of 20.11% and a negative return on equity of 4.58%. Analysts anticipate that Dorian LPG will post -0.73 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the busines....

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