Dorian LPG (NYSE:LPG) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Dorian LPG (NYSE:LPG) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning.

A number of other equities analysts also recently weighed in on the company. Jefferies Financial Group reissued a buy rating and set a $50.00 price target on shares of Dorian LPG in a research report on Thursday, February 1st. DNB Markets downgraded Dorian LPG from a buy rating to a hold rating and set a $44.00 target price on the stock. in a research report on Friday, January 26th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Dorian LPG presently has a consensus rating of Moderate Buy and an average target price of $40.25.

Dorian LPG Stock Performance

Shares of Dorian LPG stock opened at $41.79 on Wednesday. Dorian LPG has a one year low of $21.02 and a one year high of $49.54. The firm has a market cap 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 current ratio of 3.31 and a quick ratio of 3.29. The stock’s 50-day moving average is $38.21 and its 200-day moving average is $38.74.

Dorian LPG (NYSE:LPG) last released its earnings results on Thursday, February 1st. The shipping company reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.35. The business had revenue of $163.06 million for the quarter, compared to analyst estimates of $154.49 million. Dorian LPG had a return on equity of 33.59% and a net margin of 55.02%. During the same quarter in the prior year, the company posted $1.29 earnings per share. Equities analysts predict that Dorian LPG will post 7.49 earnings per share for the current fiscal year.

Dorian LPG Announces Dividend

The company also recently announced a None dividend, which will be paid on Thursday, May 30th. Stockholders of record on Wednesday, May 8th will be given a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. Dorian LPG’s payout ratio is 26.56%.

Institutional Investors Weigh In On Dorian LPG

A number of large investors have recently added to or reduced their stakes in LPG. Pacer Advisors Inc. grew its position in Dorian LPG by 45.0% during the fourth quarter. Pacer Advisors Inc. now owns 1,342,303 shares of the shipping company’s stock worth $58,887,000 after buying an additional 416,809 shares in the last quarter. Vanguard Group Inc. grew its position in Dorian LPG by 13.9% during the third quarter. Vanguard Group Inc. now owns 1,479,325 shares of the shipping company’s stock worth $42,501,000 after buying an additional 180,246 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Dorian LPG by 63.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 417,493 shares of the shipping company’s stock worth $11,995,000 after buying an additional 162,663 shares in the last quarter. Penserra Capital Management LLC grew its position in Dorian LPG by 1,249.9% during the third quarter. Penserra Capital Management LLC now owns 120,738 shares of the shipping company’s stock worth $3,468,000 after buying an additional 111,794 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in Dorian LPG by 149.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 170,187 shares of the shipping company’s stock worth $7,466,000 after buying an additional 101,840 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Dorian LPG Company Profile

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.