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

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

A number of other research analysts also recently weighed in on LPG. Pareto Securities reissued a “buy” rating on shares of Dorian LPG in a research note on Thursday, May 21st. Freedom Capital cut Dorian LPG from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Weiss Ratings upgraded Dorian LPG from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Jefferies Financial Group upped their price objective on Dorian LPG from $42.00 to $55.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Finally, Dnb Carnegie raised Dorian LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $55.00.

Dorian LPG Trading Up 3.5%

Shares of LPG traded up $1.35 on Friday, reaching $40.00. 423,457 shares of the company’s stock were exchanged, compared to its average volume of 775,974. The business has a 50 day moving average price of $40.73 and a two-hundred day moving average price of $34.94. Dorian LPG has a 12 month low of $23.76 and a 12 month high of $48.12. The stock has a market capitalization of $1.71 billion, a P/E ratio of 8.79 and a beta of 0.66. The company has a current ratio of 2.67, a quick ratio of 2.65 and a debt-to-equity ratio of 0.40.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings data on Tuesday, May 19th. The shipping company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.48. Dorian LPG had a net margin of 40.22% and a return on equity of 18.01%. The firm had revenue of $153.27 million for the quarter, compared to analysts’ expectations of $128.87 million. During the same period last year, the firm earned $0.25 earnings per share. The business’s revenue for the quarter was up 102.0% on a year-over-year basis.

Insider Buying and Selling at Dorian LPG

In related news, insider Tim Truels Hansen sold 20,000 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $35.38, for a total value of $707,600.00. Following the sale, the insider directly owned 157,842 shares of the company’s stock, valued at approximately $5,584,449.96. The trade was a 11.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ted Kalborg sold 15,373 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $45.06, for a total transaction of $692,707.38. Following the completion of the transaction, the director directly owned 66,348 shares of the company’s stock, valued at approximately $2,989,640.88. The trade was a 18.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 13.60% of the stock is owned by corporate insiders.

Institutional Trading of Dorian LPG

Several hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Dorian LPG by 4.4% during 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 during the period. NewEdge Advisors LLC raised its position 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 buying an additional 1,315 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position 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 valued at $3,977,000 after buying an additional 59,311 shares during the last quarter. Jane Street Group LLC lifted its stake in Dorian LPG by 130.6% in the 1st quarter. Jane Street Group LLC now owns 133,850 shares of the shipping company’s stock valued at $2,990,000 after acquiring an additional 75,818 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in Dorian LPG by 12.7% in the 2nd quarter. Cetera Investment Advisers now owns 13,613 shares of the shipping company’s stock valued at $332,000 after acquiring an additional 1,539 shares in the last quarter. Institutional investors and hedge funds 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.