Dorian LPG (NYSE:LPG) Lowered to Hold at StockNews.com

Dorian LPG (NYSE:LPG) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.

A number of other equities research analysts have also weighed in on the stock. Jefferies Financial Group restated a “buy” rating and issued a $50.00 price objective on shares of Dorian LPG in a report on Thursday, February 1st. DNB Markets cut Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 price target on the stock. in a research note on Friday, January 26th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.25.

Dorian LPG Price Performance

Shares of NYSE LPG opened at $42.89 on Thursday. The stock’s 50-day moving average is $38.76 and its two-hundred day moving average is $39.05. 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 company has a market cap of $1.74 billion, a price-to-earnings ratio of 5.70 and a beta of 1.08. Dorian LPG has a 1-year low of $21.07 and a 1-year high of $49.54.

Dorian LPG (NYSE:LPG) last released its earnings results on Thursday, February 1st. The shipping company reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.35. Dorian LPG had a net margin of 55.02% and a return on equity of 33.59%. The firm had revenue of $163.06 million for the quarter, compared to analyst estimates of $154.49 million. During the same period in the prior year, the firm earned $1.29 earnings per share. Analysts forecast that Dorian LPG will post 7.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Dorian LPG

Institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC grew its holdings in shares of Dorian LPG by 63.2% during the third 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 acquired a new position in Dorian LPG during the third quarter worth approximately $270,000. Commonwealth Equity Services LLC acquired a new position in Dorian LPG during the third quarter worth approximately $794,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Dorian LPG in the third quarter valued at approximately $1,964,000. Finally, Raymond James & Associates acquired a new stake in shares of Dorian LPG in the third quarter valued at approximately $208,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

About Dorian LPG

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.