Is Dorian LPG (NYSE:LPG) Now a Sell? Find Out What JP Morgan Thinks

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How JP Morgan Currently Rates Dorian LPG (NYSE:LPG)

JP Morgan revealed to clients and investors in an analysts note that it have initiated coverage on Dorian LPG (NYSE:LPG) stock, with “Overweight” rating.

Approximately 187,797 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 $660.02 million. The Firm operates three very large gas carriers (VLGC) and one pressurized LPG vessel. It has 9.06 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.”

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