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Zacks Investment Research upgraded Dorian LPG Ltd (NYSE:LPG) to Hold in a report released today.

Zacks Investment Research has upgraded Dorian LPG Ltd (NYSE:LPG) to Hold in a report released on 6/21/2017.

Yesterday Dorian LPG Ltd (NYSE:LPG) traded -3.53% lower at $7.48. The company’s 50-day moving average is $7.04 and its 200-day moving average is $8.47. The last closing price is down -9.61% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. 863,913 shares of the stock traded hands, up from an average trading volume of 183,302

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Dorian LPG Ltd (NYSE:LPG)

Dorian LPG Ltd has a 52 week low of $5.32 and a 52 week high of $12.50 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 9 brokers have issued a report on the company. The average stock price target is $15.92 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

About Dorian LPG Ltd (NYSE:LPG)

Dorian LPG Ltd. is a holding company. The Company, through its subsidiaries, is focused on owning and operating very large gas carrier (VLGCs) in the liquefied petroleum gas (LPG) shipping industry. The Company is engaged in the transportation of LPG across the world through its ownership and operation of LPG tankers. As of March 31, 2016, the Company owned and operated a fleet of 22 VLGCs, including 19 84,000 cubic meter (cbm) ECO-design VLGCs (ECO VLGCs) and three 82,000 cbm VLGCs. The VLGCs in its fleet had an aggregate carrying capacity of approximately 1.8 million cbm at May 26, 2016. It provides in-house commercial and technical management services for all of its vessels. As of May 26, 2016, its VLGCs included Captain Nicholas ML; Captain John NP; Comet; Corsair; Corvette; Cougar; Concorde; Cobra; Continental; Commodore; Constellation; Cheyenne; Cratis; Chaparral; Commander, and Challenger. The Company's customers include global energy companies, commodity traders and importers.

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