Dorian LPG (NYSE:LPG) Stock Rating Upgraded by Jefferies Financial Group

Dorian LPG (NYSE:LPG) was upgraded by analysts at Jefferies Financial Group to a “strong-buy” rating in a note issued to investors on Friday,Zacks.com reports.

A number of other brokerages have also recently weighed in on LPG. Wall Street Zen cut shares of Dorian LPG from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Dorian LPG in a research note on Wednesday. Finally, Dnb Carnegie cut shares of Dorian LPG from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $42.00.

Dorian LPG Price Performance

Shares of NYSE LPG opened at $37.60 on Friday. Dorian LPG has a fifty-two week low of $20.03 and a fifty-two week high of $38.40. The firm’s 50-day simple moving average is $34.53 and its 200 day simple moving average is $29.62. The company has a quick ratio of 2.40, a current ratio of 2.41 and a debt-to-equity ratio of 0.38. The stock has a market cap of $1.61 billion, a P/E ratio of 13.24 and a beta of 0.59.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings data on Wednesday, February 4th. The shipping company reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.06). Dorian LPG had a net margin of 29.88% and a return on equity of 11.82%. The company had revenue of $119.96 million for the quarter, compared to the consensus estimate of $115.15 million. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Dorian LPG’s revenue for the quarter was up 48.7% compared to the same quarter last year.

Insider Buying and Selling

In other Dorian LPG news, CFO Theodore B. Young sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $34.84, for a total value of $348,400.00. Following the completion of the sale, the chief financial officer directly owned 122,926 shares of the company’s stock, valued at approximately $4,282,741.84. This represents a 7.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 13.60% of the company’s stock.

Hedge Funds Weigh In On Dorian LPG

Several hedge funds have recently made changes to their positions in LPG. NewEdge Advisors LLC grew its stake in shares of Dorian LPG by 1,003.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock worth $32,000 after purchasing an additional 1,315 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Dorian LPG by 429.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock worth $40,000 after purchasing an additional 1,340 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Dorian LPG in the 3rd quarter worth approximately $41,000. Sunbelt Securities Inc. acquired a new position in shares of Dorian LPG in the 3rd quarter worth approximately $41,000. Finally, Citizens National Bank Trust Department acquired a new position in shares of Dorian LPG in the 3rd quarter worth approximately $45,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Dorian LPG Company Profile

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.