Dorian LPG (LPG) Upgraded by Zacks Investment Research to Buy – BharataPress

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Dorian LPG (NYSE:LPG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The firm currently has a $9.00 price objective on the shipping company’s stock. Zacks Investment Research‘s price target points to a potential upside of 12.22% 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 upgraded Dorian LPG from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd.

LPG stock opened at $8.02 on Tuesday. The stock has a market cap of $445.75 million, a price-to-earnings ratio of -12.94 and a beta of 0.86. 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 1 year low of $6.87 and a 1 year high of $8.80.

Dorian LPG (NYSE:LPG) last released its earnings results on Wednesday, October 31st. The shipping company reported ($0.17) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.01. The firm had revenue of $40.81 million during the quarter, compared to analysts’ expectations of $38.32 million. Dorian LPG had a negative return on equity of 4.58% and a negative net margin of 20.11%. As a group, sell-side ana....

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