Dorian LPG (LPG) Lowered to “Hold” at ValuEngine
ValuEngine downgraded shares of Dorian LPG (NYSE:LPG) from a buy rating to a hold rating in a research report sent to investors on Tuesday.
Separately, Zacks Investment Research downgraded shares of Dorian LPG from a buy rating to a hold rating in a research note on Thursday, November 1st.
NYSE LPG opened at $8.19 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.15 and a quick ratio of 1.13. Dorian LPG has a twelve month low of $6.87 and a twelve month high of $8.80. The stock has a market capitalization of $445.75 million, a P/E ratio of -13.21 and a beta of 0.86.
Dorian LPG (NYSE:LPG) last issued its earnings results on Wednesday, October 31st. The shipping company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.01. Dorian LPG had a negative net margin of 20.11% and a negative return on equity of 4.58%. The company had revenue of $40.81 million for the quarter, compared to the consensus estimate of $38.32 million. As a group, sell-side analysts anticipate that Dorian LPG will post -0.71 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of LPG. BlackRock Inc. boosted its holdings in Dorian LPG by 18.8% during the first quarter. BlackRock Inc. now owns 1,409,854 shares of the shipping company’s stock valued at $10,560,000 after acquiring an additional 223,449 shares during the period. JPMorgan Chase & Co. boosted its....