Dorian LPG (NYSE:LPG) Stock Rating Lowered by Dnb Carnegie

Dorian LPG (NYSE:LPG) was downgraded by stock analysts at Dnb Carnegie from a “hold” rating to a “strong sell” rating in a report released on Wednesday,Zacks.com reports.

Several other equities research analysts have also recently commented on LPG. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dorian LPG in a report on Monday, December 29th. Wall Street Zen lowered Dorian LPG from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 22nd. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $35.00.

Dorian LPG Stock Down 5.1%

Shares of NYSE LPG opened at $29.99 on Wednesday. Dorian LPG has a 12-month low of $16.66 and a 12-month high of $38.40. The stock has a market cap of $1.28 billion, a PE ratio of 10.56 and a beta of 0.53. The company has a current ratio of 2.41, a quick ratio of 2.40 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average of $31.31 and a 200 day moving average of $28.94.

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

Insider Activity

In other news, CFO Theodore B. Young sold 10,000 shares of Dorian LPG stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $34.84, for a total transaction of $348,400.00. Following the sale, the chief financial officer owned 122,926 shares of the company’s stock, valued at approximately $4,282,741.84. The trade was a 7.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John C. Hadjipateras acquired 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The stock was acquired at an average price of $27.30 per share, for a total transaction of $409,500.00. Following the completion of the acquisition, the chief executive officer directly owned 153,500 shares of the company’s stock, valued at $4,190,550. The trade was a 10.83% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 13.60% of the company’s stock.

Institutional Investors Weigh In On Dorian LPG

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cynosure Group LLC purchased a new position in shares of Dorian LPG during the 2nd quarter worth $853,000. American Century Companies Inc. raised its holdings in Dorian LPG by 6.2% in the 3rd quarter. American Century Companies Inc. now owns 1,697,048 shares of the shipping company’s stock valued at $50,572,000 after buying an additional 99,485 shares during the period. Savant Capital LLC purchased a new stake in Dorian LPG in the 2nd quarter valued at about $276,000. Squarepoint Ops LLC acquired a new position in Dorian LPG in the second quarter valued at about $2,999,000. Finally, Geode Capital Management LLC lifted its position in Dorian LPG by 3.8% in the second quarter. Geode Capital Management LLC now owns 1,112,333 shares of the shipping company’s stock valued at $27,121,000 after buying an additional 40,859 shares during the last quarter. Hedge funds and other 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.