Dorian LPG Ltd (LPG) Releases Earnings Results, Misses Expectations By $-0.05 EPS

Dorian LPG Ltd (LPG) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $0.06 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $0.11. The company posted revenue of $49.75 million in the period, compared to analysts expectations of $50.80 million. The company’s revenue was up 54.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Dorian LPG Ltd closed down -0.09 points or -1.45% at $6.11 with 5,08,245 shares getting traded on Thursday. Post opening the session at $6.13, the shares hit an intraday low of $5.66 and an intraday high of $6.165 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jun 30, 2016, John C Hadjipateras (CEO) purchased 20,000 shares at $7.39 per share price. According to the SEC, on Jun 23, 2016, Alexander C. Hadjipateras (EVP at Dorian LPG (USA) purchased 3,000 shares at $7.22 per share price. On Mar 28, 2016, Theodore B. Young (CFO) purchased 1,000 shares at $9.04 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.

Dorian LPG Ltd

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