Dorian LPG (NYSE:LPG) Upgraded by StockNews.com to Buy

Dorian LPG (NYSE:LPG) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $50.00 price target on shares of Dorian LPG in a research note on Thursday, February 1st. DNB Markets cut shares of Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 target price for the company. in a research note on Friday, January 26th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.25.

Dorian LPG Stock Up 0.2 %

Dorian LPG stock traded up $0.07 during mid-day trading on Wednesday, reaching $41.81. The company’s stock had a trading volume of 598,051 shares, compared to its average volume of 946,257. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 5.55 and a beta of 1.13. The company has a debt-to-equity ratio of 0.57, a quick ratio of 3.29 and a current ratio of 3.31. The business’s 50 day simple moving average is $37.95 and its 200 day simple moving average is $38.64. Dorian LPG has a 12 month low of $21.02 and a 12 month high of $49.54.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings results on Thursday, February 1st. The shipping company reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.35. The firm had revenue of $163.06 million during the quarter, compared to analysts’ expectations of $154.49 million. Dorian LPG had a net margin of 55.02% and a return on equity of 33.59%. During the same quarter last year, the company posted $1.29 earnings per share. As a group, research analysts anticipate that Dorian LPG will post 7.29 earnings per share for the current year.

Institutional Trading of Dorian LPG

A number of hedge funds have recently modified their holdings of LPG. PNC Financial Services Group Inc. increased its position in Dorian LPG by 26.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,821 shares of the shipping company’s stock worth $80,000 after acquiring an additional 379 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in Dorian LPG by 4.4% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 9,301 shares of the shipping company’s stock worth $408,000 after acquiring an additional 391 shares during the period. Fifth Third Bancorp increased its position in Dorian LPG by 317.7% during the fourth quarter. Fifth Third Bancorp now owns 685 shares of the shipping company’s stock worth $30,000 after acquiring an additional 521 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in Dorian LPG by 178.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 820 shares of the shipping company’s stock worth $36,000 after acquiring an additional 525 shares during the period. Finally, CWM LLC increased its position in 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 acquiring an additional 547 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

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.