Dorian LPG (NYSE:LPG) Lowered to “Buy” Rating by Wall Street Zen

Dorian LPG (NYSE:LPG) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Sunday.

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

Dorian LPG Price Performance

NYSE:LPG opened at $35.44 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.41 and a quick ratio of 2.40. Dorian LPG has a one year low of $16.66 and a one year high of $35.82. The company has a fifty day moving average price of $28.34 and a 200 day moving average price of $28.49. The stock has a market cap of $1.51 billion, a P/E ratio of 12.48 and a beta of 0.58.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings data on Thursday, February 5th. The shipping company reported $1.11 EPS 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 $118.23 million for the quarter, compared to analyst estimates of $115.15 million. During the same period in the prior year, the company posted $0.43 EPS. The firm’s quarterly revenue was up 48.7% on a year-over-year basis. Analysts anticipate that Dorian LPG will post 2.6 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO John C. Hadjipateras acquired 15,000 shares of the business’s stock in a transaction on Wednesday, January 7th. The stock was bought 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Theodore B. Young sold 10,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief financial officer owned 122,926 shares in the company, valued at $4,282,741.84. This represents a 7.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 13.60% of the company’s stock.

Hedge Funds Weigh In On Dorian LPG

A number of hedge funds and other institutional investors have recently bought and sold shares of LPG. Cynosure Group LLC acquired a new stake in shares of Dorian LPG in the 2nd quarter valued at about $853,000. Savant Capital LLC acquired a new position in shares of Dorian LPG during the second quarter worth about $276,000. Nisa Investment Advisors LLC grew its holdings in shares of Dorian LPG by 3,837.4% during the second quarter. Nisa Investment Advisors LLC now owns 30,633 shares of the shipping company’s stock worth $747,000 after buying an additional 29,855 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Dorian LPG in the 2nd quarter valued at approximately $2,999,000. Finally, Geode Capital Management LLC lifted its stake in Dorian LPG by 3.8% in the 2nd quarter. Geode Capital Management LLC now owns 1,112,333 shares of the shipping company’s stock valued at $27,121,000 after acquiring an additional 40,859 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

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.