Dorian LPG (NYSE:LPG) Raised to “Strong-Buy” at Wall Street Zen

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

Several other research firms have also commented on LPG. Weiss Ratings reiterated a “hold (c)” rating on shares of Dorian LPG in a research report on Monday, December 29th. Dnb Carnegie upgraded Dorian LPG from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Finally, Pareto Securities downgraded Dorian LPG from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. One investment 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. According to data from MarketBeat, Dorian LPG currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Dorian LPG Stock Up 3.8%

NYSE LPG opened at $33.40 on Friday. The stock has a 50 day moving average price of $27.31 and a 200-day moving average price of $28.30. Dorian LPG has a one year low of $16.66 and a one year high of $33.49. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.40 and a current ratio of 2.41. The company has a market capitalization of $1.43 billion, a P/E ratio of 11.76 and a beta of 0.58.

Dorian LPG (NYSE:LPG) last issued 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 return on equity of 11.82% and a net margin of 29.88%.The business had revenue of $118.23 million during the quarter, compared to analysts’ expectations of $115.15 million. During the same period in the previous year, the business earned $0.43 earnings per share. The business’s quarterly revenue was up 48.7% on a year-over-year basis. As a group, equities analysts predict that Dorian LPG will post 2.6 EPS for the current fiscal year.

Insider Activity at Dorian LPG

In other Dorian LPG news, insider Tim Truels Hansen sold 25,000 shares of the company’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $28.85, for a total value of $721,250.00. Following the transaction, the insider owned 212,842 shares of the company’s stock, valued at $6,140,491.70. This represents a 10.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO John C. Hadjipateras bought 15,000 shares of Dorian LPG stock in a transaction on Wednesday, January 7th. The stock was acquired at an average price of $27.30 per share, for a total transaction of $409,500.00. Following the purchase, the chief executive officer owned 153,500 shares of the company’s stock, valued at approximately $4,190,550. This trade represents a 10.83% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 13.60% of the company’s stock.

Institutional Trading of Dorian LPG

A number of large investors have recently made changes to their positions in LPG. WINTON GROUP Ltd increased its stake in Dorian LPG by 0.8% in the 4th quarter. WINTON GROUP Ltd now owns 44,640 shares of the shipping company’s stock worth $1,087,000 after buying an additional 373 shares during the period. The Manufacturers Life Insurance Company grew its stake in Dorian LPG by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,286 shares of the shipping company’s stock worth $324,000 after acquiring an additional 390 shares in the last quarter. CoreCap Advisors LLC increased its position in shares of Dorian LPG by 18.7% during the fourth quarter. CoreCap Advisors LLC now owns 3,269 shares of the shipping company’s stock worth $80,000 after acquiring an additional 514 shares during the period. Moors & Cabot Inc. raised its stake in shares of Dorian LPG by 3.4% during the second quarter. Moors & Cabot Inc. now owns 16,858 shares of the shipping company’s stock valued at $411,000 after acquiring an additional 550 shares in the last quarter. Finally, Vident Advisory LLC boosted its holdings in shares of Dorian LPG by 2.8% in the third quarter. Vident Advisory LLC now owns 20,918 shares of the shipping company’s stock valued at $623,000 after purchasing an additional 577 shares during the period. 62.50% of the stock is owned by hedge funds and other 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.