Dorian LPG (NYSE:LPG) Rating Increased to Strong-Buy at Wall Street Zen

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

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

Dorian LPG Trading Down 0.6%

NYSE:LPG opened at $45.32 on Friday. The firm has a market capitalization of $1.94 billion, a P/E ratio of 9.96 and a beta of 0.66. The business has a 50 day simple moving average of $41.28 and a 200 day simple moving average of $36.24. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.67 and a quick ratio of 2.65. Dorian LPG has a 12-month low of $23.76 and a 12-month high of $48.12.

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

Insider Buying and Selling

In other news, Director Ted Kalborg sold 15,373 shares of the 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 sale, the director owned 66,348 shares in the company, valued at approximately $2,989,640.88. This represents a 18.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tim Truels Hansen sold 20,000 shares of the 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 owned 157,842 shares of the company’s stock, valued at $5,584,449.96. This trade represents a 11.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 13.60% of the company’s stock.

Institutional Trading of Dorian LPG

Several large investors have recently added to or reduced their stakes in LPG. Arrowstreet Capital Limited Partnership acquired a new position in Dorian LPG during the first quarter valued at $11,929,000. AQR Capital Management LLC boosted its position in Dorian LPG by 236.7% during the 2nd quarter. AQR Capital Management LLC now owns 425,478 shares of the shipping company’s stock worth $10,373,000 after acquiring an additional 299,107 shares during the period. Bank of America Corp DE grew its stake in Dorian LPG by 136.2% during the 2nd quarter. Bank of America Corp DE now owns 368,986 shares of the shipping company’s stock valued at $8,996,000 after acquiring an additional 212,787 shares in the last quarter. Vanguard Group Inc. grew its stake in Dorian LPG by 12.4% during the 4th quarter. Vanguard Group Inc. now owns 1,874,907 shares of the shipping company’s stock valued at $45,635,000 after acquiring an additional 207,575 shares in the last quarter. Finally, Tudor Investment Corp ET AL increased its holdings in shares of Dorian LPG by 425.4% in the 3rd quarter. Tudor Investment Corp ET AL now owns 256,216 shares of the shipping company’s stock valued at $7,635,000 after purchasing an additional 207,450 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

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.