StockNews.com Lowers Dorian LPG (NYSE:LPG) to Hold

Dorian LPG (NYSE:LPG) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

A number of other brokerages have also recently commented on LPG. DNB Markets cut Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 price target for the company. in a research note on Friday, January 26th. 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. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.25.

Dorian LPG Trading Down 0.5 %

Shares of LPG stock opened at $41.12 on Thursday. The stock’s fifty day moving average price is $38.62 and its two-hundred day moving average price is $39.03. The company has a market cap of $1.67 billion, a PE ratio of 5.46 and a beta of 1.13. Dorian LPG has a fifty-two week low of $21.02 and a fifty-two week high of $49.54. The company has a debt-to-equity ratio of 0.57, a quick ratio of 3.29 and a current ratio of 3.31.

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. Dorian LPG had a return on equity of 33.59% and a net margin of 55.02%. The company had revenue of $163.06 million during the quarter, compared to analysts’ expectations of $154.49 million. During the same period in the prior year, the company earned $1.29 EPS. Equities analysts predict that Dorian LPG will post 7.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LPG. CWM LLC raised its position in shares of Dorian LPG by 63.2% in the 3rd quarter. CWM LLC now owns 1,413 shares of the shipping company’s stock worth $41,000 after acquiring an additional 547 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Dorian LPG in the 3rd quarter worth about $270,000. Commonwealth Equity Services LLC bought a new position in shares of Dorian LPG in the 3rd quarter worth about $794,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Dorian LPG in the 3rd quarter worth about $1,964,000. Finally, Raymond James & Associates bought a new position in shares of Dorian LPG in the 3rd quarter worth about $208,000. 62.50% of the stock is owned by 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.