Dorian LPG (NYSE:LPG) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Dorian LPG (NYSE:LPG) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

Several other research firms also recently weighed in on LPG. Pareto Securities downgraded shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Weiss Ratings restated a “hold (c)” rating on shares of Dorian LPG in a research note on Monday, December 29th. Finally, Dnb Carnegie upgraded Dorian LPG from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $35.00.

Dorian LPG Stock Up 3.8%

LPG stock opened at $33.40 on Friday. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 11.76 and a beta of 0.58. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.40 and a current ratio of 2.41. The business’s 50-day moving average is $27.31 and its two-hundred day moving average is $28.30. Dorian LPG has a fifty-two week low of $16.66 and a fifty-two week high of $33.49.

Dorian LPG (NYSE:LPG) last released its quarterly earnings results on Thursday, February 5th. The shipping company reported $1.11 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.06). Dorian LPG had a net margin of 29.88% and a return on equity of 11.82%. The business had revenue of $118.23 million for the quarter, compared to analysts’ expectations of $115.15 million. During the same period in the previous year, the company earned $0.43 EPS. Dorian LPG’s revenue for the quarter was up 48.7% compared to the same quarter last year. As a group, analysts forecast that Dorian LPG will post 2.6 earnings per share for the current year.

Insider Transactions at Dorian LPG

In other Dorian LPG news, CEO John C. Hadjipateras purchased 15,000 shares of the firm’s stock in a transaction on Wednesday, January 7th. The shares were acquired at an average cost of $27.30 per share, with a total value of $409,500.00. Following the completion of the acquisition, the chief executive officer directly owned 153,500 shares in the company, valued at $4,190,550. The trade was a 10.83% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Tim Truels Hansen sold 25,000 shares of the company’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $28.85, for a total value of $721,250.00. Following the completion of the transaction, the insider directly owned 212,842 shares of the company’s stock, valued at approximately $6,140,491.70. This trade represents a 10.51% decrease in their position. The disclosure for this sale is available in the SEC filing. 13.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dorian LPG

Several institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Dorian LPG by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,603 shares of the shipping company’s stock worth $483,000 after buying an additional 914 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Dorian LPG by 1,003.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock valued at $32,000 after acquiring an additional 1,315 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Dorian LPG by 50.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 178,039 shares of the shipping company’s stock worth $3,977,000 after purchasing an additional 59,311 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Dorian LPG by 130.6% during the 1st quarter. Jane Street Group LLC now owns 133,850 shares of the shipping company’s stock valued at $2,990,000 after purchasing an additional 75,818 shares during the last quarter. Finally, CWM LLC grew its position in shares of Dorian LPG by 851.5% during the second quarter. CWM LLC now owns 24,653 shares of the shipping company’s stock valued at $601,000 after purchasing an additional 22,062 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

About Dorian LPG

Dorian LPG Ltd., incorporated in Bermuda and headquartered in Greenwich, Connecticut, is a leading owner and operator of modern very large gas carriers (VLGCs). The company specializes in the maritime transportation of liquefied petroleum gas (LPG), primarily propane and butane, for energy producers, commodity traders and trading houses around the world.

Dorian LPG’s fleet comprises over 30 state-of-the-art VLGCs, each designed for fuel efficiency and environmental performance. These vessels operate under medium- and long-term time charter agreements, providing predictable employment and supporting a stable charter revenue profile through contracts with major international energy companies.

The company serves global energy markets by transporting LPG cargoes along major trade routes linking production centers in the Middle East, U.S.