Dorian LPG Ltd (LPG) reported quarterly earnings results on Tuesday, May-31-2016. The company said it had a profit of $0.60 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.59. The company posted revenue of $85.30 million in the period, compared to analysts expectations of $80.16 million. The company’s revenue was up 141.6% compared to the same quarter last year.
Dorian LPG Ltd opened for trading at $8.8 and hit $8.86 on the upside on Friday, eventually ending the session at $8.82, with a gain of 0.80% or 0.07 points. The heightened volatility saw the trading volume jump to 2,12,067 shares. Company has a market cap of $505 M.
In a different news, on Mar 28, 2016, Theodore B. Young (CFO) purchased 1,000 shares at $9.04 per share price. According to the SEC, on Feb 18, 2016, John C Hadjipateras (CEO) purchased 10,000 shares at $9.76 per share price. On Feb 4, 2016, Christina Tan (director) purchased 10,000 shares at $9.85 per share price, according to the Form-4 filing with the securities and exchange commission.
Dorian LPG Ltd is a pure-play liquefied petroleum gas (LPG) shipping company based in the Marshall Islands. The Company operates three very large gas carriers (VLGC) and one pressurized LPG vessel. Additionally it contracts for 16 fuel-efficient VLGC newbuildings with deliveries scheduled for 2014 and 2015. It operates through offices located in the United States the United Kingdom and Greece. Its customers include Petrobras Shell Statoil Vitol and Mitsui O.S.K. Lines.