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

StockNews.com upgraded shares of Dorian LPG (NYSE:LPG) from a hold rating to a buy rating in a research note published on Wednesday morning.

Several other equities analysts have also weighed in on the company. DNB Markets lowered Dorian LPG from a buy rating to a hold rating and set a $44.00 price objective on the stock. in a research note on Friday, January 26th. Jefferies Financial Group reiterated a buy rating and set a $50.00 target price on shares of Dorian LPG in a report on Thursday, February 1st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Dorian LPG has an average rating of Moderate Buy and a consensus price target of $40.25.

Dorian LPG Stock Performance

NYSE LPG opened at $41.81 on Wednesday. The firm has a market capitalization of $1.70 billion, a P/E ratio of 5.55 and a beta of 1.13. Dorian LPG has a 1-year low of $21.02 and a 1-year high of $49.54. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.31 and a quick ratio of 3.29. The business’s 50-day simple moving average is $37.95 and its 200-day simple moving average is $38.64.

Dorian LPG (NYSE:LPG) last released its quarterly earnings data on Thursday, February 1st. The shipping company reported $2.62 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.35. The business had revenue of $163.06 million for the quarter, compared to analyst estimates of $154.49 million. Dorian LPG had a return on equity of 33.59% and a net margin of 55.02%. During the same period in the previous year, the company posted $1.29 EPS. Equities analysts predict that Dorian LPG will post 7.29 EPS for the current year.

Institutional Investors Weigh In On Dorian LPG

Several hedge funds have recently modified their holdings of LPG. CWM LLC increased its holdings in Dorian LPG by 63.2% during the 3rd quarter. CWM LLC now owns 1,413 shares of the shipping company’s stock worth $41,000 after purchasing an additional 547 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Dorian LPG during the 3rd quarter worth approximately $270,000. Commonwealth Equity Services LLC purchased a new stake in Dorian LPG during the 3rd quarter worth approximately $794,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Dorian LPG during the 3rd quarter worth approximately $1,964,000. Finally, Raymond James & Associates purchased a new stake in Dorian LPG during the 3rd quarter worth approximately $208,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Dorian LPG Company Profile

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.