How JP Morgan Currently Rates Dorian LPG (NYSE:LPG)
Research professionals at JP Morgan commenced coverage coverage on Dorian LPG (NYSE:LPG) with “Overweight” rating. This was distributed to Clients in a very recent research note on Friday morning.
Approximately 85,292 shares of stock traded hands. Dorian LPG Ltd (NYSE:LPG) has declined 15.48% since May 15, 2015 and is downtrending. It has underperformed by 11.67% the S&P500.
Dorian LPG Ltd is a pure-play liquefied petroleum gas shipping company, based in the Marshall Islands. The company has a market cap of $666.32 million. The Firm operates three very large gas carriers (VLGC) and one pressurized LPG vessel. It has 9.15 P/E ratio. Additionally, it contracts for 16 fuel-efficient VLGC newbuildings, with deliveries scheduled for 2014 and 2015.
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.”