Revenue Update on Dorian LPG Ltd(NYSE:LPG)

Dorian LPG Ltd(NYSE:LPG) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $50.52M. Analysts estimated a revenue of $59.37M. Earnings per share were $0.06. Analysts had estimated an EPS of $0.30.

Dorian LPG Ltd (LPG) made into the market gainers list on Thursdays trading session with the shares advancing 0.50% or 0.03 points. Due to strong positive momentum, the stock ended at $6.02, which is also near the day’s high of $6.27. The stock began the session at $6.01 and the volume stood at 2,40,870 shares. The 52-week high of the shares is $16.49 and the 52 week low is $5.66. The company has a current market capitalization of $331 M and it has 5,49,63,013 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 30, 2016, John C Hadjipateras (CEO) purchased 20,000 shares at $7.39 per share price.Also, 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.

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