StockNews.com Downgrades Dorian LPG (NYSE:LPG) to Hold

Dorian LPG (NYSE:LPGGet Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group cut shares of Dorian LPG from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a report on Thursday, August 3rd. Pareto Securities raised shares of Dorian LPG from a “hold” rating to a “buy” rating and lifted their price target for the company from $27.00 to $35.00 in a research note on Monday, October 16th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $28.58.

Get Our Latest Research Report on Dorian LPG

Dorian LPG Stock Performance

Shares of Dorian LPG stock opened at $37.01 on Monday. The company has a quick ratio of 2.61, a current ratio of 2.63 and a debt-to-equity ratio of 0.63. The stock’s fifty day moving average is $30.78 and its two-hundred day moving average is $26.98. Dorian LPG has a 52 week low of $15.81 and a 52 week high of $39.15. The company has a market capitalization of $1.50 billion, a PE ratio of 5.85 and a beta of 1.12.

Insider Activity at Dorian LPG

In other Dorian LPG news, CFO Theodore B. Young sold 5,000 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $29.13, for a total transaction of $145,650.00. Following the completion of the sale, the chief financial officer now owns 103,720 shares in the company, valued at $3,021,363.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Tim Truels Hansen sold 25,000 shares of Dorian LPG stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $37.61, for a total value of $940,250.00. Following the transaction, the insider now owns 186,866 shares of the company’s stock, valued at approximately $7,028,030.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Theodore B. Young sold 5,000 shares of the stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $29.13, for a total transaction of $145,650.00. Following the sale, the chief financial officer now directly owns 103,720 shares of the company’s stock, valued at approximately $3,021,363.60. The disclosure for this sale can be found here. Insiders have sold a total of 35,000 shares of company stock valued at $1,267,900 over the last ninety days. 15.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dorian LPG

A number of large investors have recently made changes to their positions in LPG. Quilter Plc acquired a new position in Dorian LPG during the 1st quarter valued at about $745,743,000. Quarry LP grew its stake in shares of Dorian LPG by 79.3% during the second quarter. Quarry LP now owns 1,325 shares of the shipping company’s stock worth $34,000 after acquiring an additional 586 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Dorian LPG by 43.8% during the second quarter. PNC Financial Services Group Inc. now owns 1,412 shares of the shipping company’s stock valued at $36,000 after acquiring an additional 430 shares in the last quarter. CWM LLC raised its position in shares of Dorian LPG by 63.2% in the 3rd quarter. CWM LLC now owns 1,413 shares of the shipping company’s stock valued at $41,000 after purchasing an additional 547 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in Dorian LPG by 134.6% during the 1st quarter. Captrust Financial Advisors now owns 1,715 shares of the shipping company’s stock worth $25,000 after purchasing an additional 984 shares during the last quarter. 64.01% of the stock is owned by institutional investors and hedge funds.

About Dorian LPG

(Get Free Report)

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.

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Analyst Recommendations for Dorian LPG (NYSE:LPG)

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