Dorian LPG (LPG) Rating Increased to Buy at Zacks Investment Research

Dorian LPG (NYSE:LPG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The firm currently has a $9.00 price target on the shipping company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 9.36% from the company’s previous close.

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 lowered Dorian LPG from a “buy” rating to a “hold” rating in a report on Tuesday.

Dorian LPG stock

traded down $0.09 during midday trading on Tuesday, hitting $8.23. 697 shares of the company were exchanged, compared to its average volume of 134,228. The firm has a market cap of $451.82 million, a price-to-earnings ratio of -13.32 and a beta of 0.86. Dorian LPG has a fifty-two week low of $6.87 and a fifty-two 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 posted 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. The firm had revenue of $40.81 million for the quarter, compared to analyst estimates of $38.32 million. Dorian LPG had a negative return on equity of 4.58% and....

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