Today’s Price Action: Will Dorian LPG Ltd Go Down Anytime Soon?

Today's Price Action: Will Dorian LPG Ltd Go Down Anytime Soon?

The stock of Dorian LPG Ltd (NYSE:LPG) is a huge mover today! About 404,889 shares traded hands or 60.46% up from the average. Dorian LPG Ltd (NYSE:LPG) has declined 44.27% since February 26, 2016 and is downtrending. It has underperformed by 54.70% the S&P500.
The move comes after 6 months positive chart setup for the $321.52M company. It was reported on Oct, 1 by We have $14.56 PT which if reached, will make NYSE:LPG worth $459.77M more.

Analysts await Dorian LPG Ltd (NYSE:LPG) to report earnings on November, 4.

Dorian LPG Ltd (NYSE:LPG) Ratings Coverage

Out of 3 analysts covering Dorian LPG (NYSE:LPG), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Dorian LPG has been the topic of 3 analyst reports since December 18, 2015 according to StockzIntelligence Inc. The firm earned “Overweight” rating on Friday, December 18 by JP Morgan. UBS downgraded the stock to “Neutral” rating in Tuesday, March 22 report. On Tuesday, January 26 the stock rating was downgraded by Wells Fargo to “Market Perform”.

According to Zacks Investment Research, “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.”

More notable recent Dorian LPG Ltd (NYSE:LPG) news were published by: which released: “/quotes/zigman/3870025/realtime” on May 07, 2014, also with their article: “Dorian LPG Ltd. Announces Third Quarter Fiscal 2016 Financial Results” published on January 29, 2016, published: “Dorian LPG Ltd. Receives Average Rating of “Hold” from Analysts” on September 08, 2016. More interesting news about Dorian LPG Ltd (NYSE:LPG) were released by: and their article: “Dorian LPG Ltd. Announces Delivery of the Challenger” published on December 11, 2015 as well as‘s news article titled: “Dorian LPG Ltd. Announces Delivery of the Caravelle and sale of the Grendon” with publication date: February 25, 2016.

LPG Company Profile

Dorian LPG Ltd., incorporated on July 1, 2013, 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 Firm is engaged in the transportation of LPG across the world through its ownership and operation of LPG tankers. As of March 31, 2016, the Company owned and operated a fleet of 22 VLGCs, including 19 84,000 cubic meter (cbm) ECO-design VLGCs (ECO VLGCs) and three 82,000 cbm VLGCs. The VLGCs in the Company’s fleet had an aggregate carrying capacity of approximately 1.8 million cbm at May 26, 2016.

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