Price Don’t Lie: What’s Next for Dorian LPG Ltd After Today’s Significant Increase?

Price Don't Lie: What's Next for Dorian LPG Ltd After Today's Significant Increase?

The stock of Dorian LPG Ltd (NYSE:LPG) is a huge mover today! About 107,923 shares traded hands. Dorian LPG Ltd (NYSE:LPG) has declined 31.70% since April 28, 2016 and is downtrending. It has underperformed by 37.63% the S&P500.
The move comes after 9 months positive chart setup for the $393.52M company. It was reported on Dec, 1 by Barchart.com. We have $7.35 PT which if reached, will make NYSE:LPG worth $11.81 million more.

Analysts await Dorian LPG Ltd (NYSE:LPG) to report earnings on February, 3. They expect $-0.20 earnings per share, down 122.99% or $1.07 from last year’s $0.87 per share. After $-0.25 actual earnings per share reported by Dorian LPG Ltd for the previous quarter, Wall Street now forecasts -20.00% EPS growth.

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 stock has “Overweight” rating given by JP Morgan on Friday, December 18. As per Tuesday, March 22, the company rating was downgraded by UBS. The firm has “Market Perform” rating by Wells Fargo given on Tuesday, January 26.

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: Marketwatch.com which released: “Virtual Stock Exchange” on May 07, 2014, also Prnewswire.com with their article: “Dorian LPG Ltd. Announces Second Quarter 2017 Earnings and Conference Call Date” published on October 21, 2016, Prnewswire.com published: “Dorian LPG Ltd. Announces Second Quarter Fiscal Year 2017 Financial Results” on October 28, 2016. More interesting news about Dorian LPG Ltd (NYSE:LPG) were released by: Hellenicshippingnews.com and their article: “The Dorian LPG Ltd. (LPG) Upgrade to Hold by The Zacks Investment Research” published on November 25, 2016 as well as Equitiesfocus.com‘s news article titled: “Dorian LPG Ltd. (NYSE:LPG) PEG Ratio At -1.55” with publication date: December 01, 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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