Price Action to Note: Dorian LPG Ltd Has Another Very Strong Trading Session

Price Action to Note: Dorian LPG Ltd Has Another Very Strong Trading Session

The stock of Dorian LPG Ltd (NYSE:LPG) is a huge mover today! About 310,448 shares traded hands or 36.49% up from the average. Dorian LPG Ltd (NYSE:LPG) has declined 31.16% since April 14, 2016 and is downtrending. It has underperformed by 35.84% the S&P500.
The move comes after 8 months positive chart setup for the $434.30M company. It was reported on Nov, 16 by Barchart.com. We have $19.99 PT which if reached, will make NYSE:LPG worth $703.57M more.

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. JP Morgan initiated the stock with “Overweight” rating in Friday, December 18 report. Wells Fargo downgraded the shares of LPG in a report on Tuesday, January 26 to “Market Perform” rating. The company was downgraded on Tuesday, March 22 by UBS.

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: Prnewswire.com which released: “Dorian LPG Ltd. Announces Second Quarter Fiscal Year 2017 Financial Results” on October 28, 2016, 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. Maritime Investor Conference Presentation Now Available for On …” on October 12, 2016. More interesting news about Dorian LPG Ltd (NYSE:LPG) were released by: Prnewswire.com and their article: “Dorian LPG Ltd. to Webcast Live at Maritime Investor Conference on October 11 …” published on October 06, 2016 as well as Marketwatch.com‘s news article titled: “/quotes/zigman/3870025/realtime” with publication date: May 07, 2014.

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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