Dorian LPG (NYSE:LPG) Upgraded by StockNews.com to Buy

Dorian LPG (NYSE:LPG) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

A number of other analysts have also commented on the company. DNB Markets lowered Dorian LPG from a “buy” rating to a “hold” rating and set a $26.90 target price for the company. in a research report on Monday, July 10th. Jefferies Financial Group lowered Dorian LPG from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a research report on Thursday, August 3rd. Finally, Pareto Securities raised Dorian LPG from a “hold” rating to a “buy” rating and boosted their target price for the company from $27.00 to $35.00 in a research report on Monday, October 16th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.58.

Dorian LPG Stock Down 1.9 %

Shares of NYSE:LPG opened at $38.07 on Friday. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 7.69 and a beta of 1.12. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.50 and a quick ratio of 2.47. The business’s 50-day moving average is $29.32 and its 200-day moving average is $26.22. Dorian LPG has a 1 year low of $15.81 and a 1 year high of $39.15.

Dorian LPG (NYSE:LPG) last issued its earnings results on Wednesday, August 2nd. The shipping company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.43). Dorian LPG had a net margin of 46.96% and a return on equity of 22.93%. The firm had revenue of $111.56 million during the quarter. During the same period last year, the firm earned $0.56 earnings per share. Equities research analysts predict that Dorian LPG will post 5.62 earnings per share for the current year.

Insiders Place Their Bets

In other Dorian LPG news, EVP Alexander C. Hadjipateras sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $28.05, for a total transaction of $140,250.00. Following the completion of the sale, the executive vice president now directly owns 81,853 shares of the company’s stock, valued at approximately $2,295,976.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Alexander C. Hadjipateras sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $28.05, for a total value of $140,250.00. Following the completion of the transaction, the executive vice president now directly owns 81,853 shares of the company’s stock, valued at $2,295,976.65. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas Jason Coleman sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $29.01, for a total value of $2,901,000.00. Following the completion of the transaction, the director now directly owns 198,000 shares of the company’s stock, valued at $5,743,980. The disclosure for this sale can be found here. In the last ninety days, insiders sold 203,000 shares of company stock valued at $5,685,360. Corporate insiders own 15.90% of the company’s stock.

Hedge Funds Weigh In On Dorian LPG

Institutional investors have recently modified their holdings of the business. Teacher Retirement System of Texas grew its holdings in shares of Dorian LPG by 45.5% in the second quarter. Teacher Retirement System of Texas now owns 106,323 shares of the shipping company’s stock valued at $2,727,000 after acquiring an additional 33,259 shares in the last quarter. KBC Group NV lifted its stake in Dorian LPG by 30.0% in the first quarter. KBC Group NV now owns 3,187 shares of the shipping company’s stock valued at $64,000 after purchasing an additional 736 shares during the last quarter. Inspire Investing LLC purchased a new position in Dorian LPG in the second quarter valued at approximately $621,000. Allspring Global Investments Holdings LLC lifted its stake in Dorian LPG by 48.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 8,773 shares of the shipping company’s stock valued at $225,000 after purchasing an additional 2,882 shares during the last quarter. Finally, Harbour Capital Advisors LLC purchased a new position in Dorian LPG in the second quarter valued at approximately $261,000. 64.01% of the stock is owned by institutional investors.

About Dorian LPG

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.