Dorian LPG Ltd. Common Stock (NYSE:LPG):
Dorian LPG Ltd. Announces Second Quarter Fiscal Year 2017 Financial Results.
The company is so far trading down from yesterday’s close of $6.29.
The stock last traded at $6.03 which is slightly below $6.06, the stock’s 50 day moving average and slightly below the 200 day moving average of $7.35. The 50 day moving average went down $-0.03 or -0.43% whereas the 200 day average was down by -17.91%.
Dorian LPG Ltd. Common Stock currently has a P/E ratio of 2.95 and market capitalization is 325.54M. In the latest earnings report the EPS was $2.05 and is expected to be $-0.31 for the current year with 53,986,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.03 and the next full year EPS is projected to be $0.26.
Several ratings firms have released ratings on the stock of late. Equity analyst UBS both downgraded the stock and raised the price target on March 22 changing the price objective from $12.50 to $19.00 and cutting the rating from “Buy” to “Neutral”. On March 22 the company was downgraded to “Neutral” from “Buy” and a price target of $19.00 was set in a statement from UBS.
On January 26 the stock rating was downgraded from “Outperform” to “Market Perform” in a report from Wells Fargo. On December 18, 2015 JP Morgan initiated coverage by announcing an initial rating of “Overweight”.
November 13 investment analysts at JP Morgan held the stock rating at “Overweight” but moved down the price target from $24.00 to $21.00.