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

StockNews.com lowered shares of Dorian LPG (NYSE:LPG) from a buy rating to a hold rating in a report released on Thursday.

Several other research firms have also recently weighed in on LPG. DNB Markets cut shares of Dorian LPG from a buy rating to a hold rating and set a $44.00 price objective on the stock. in a research report on Friday, January 26th. Jefferies Financial Group reaffirmed a buy rating and set a $50.00 target price 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. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $40.25.

Dorian LPG Stock Up 0.6 %

LPG opened at $42.89 on Thursday. The company has a 50 day moving average of $38.90 and a 200 day moving average of $39.19. The company has a market cap of $1.74 billion, a PE ratio of 5.70 and a beta of 1.08. Dorian LPG has a 12 month low of $21.07 and a 12 month high of $49.54. The company has a current ratio of 3.31, a quick ratio of 3.29 and a debt-to-equity ratio of 0.57.

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 the consensus estimate of $2.27 by $0.35. Dorian LPG had a net margin of 55.02% and a return on equity of 33.59%. The firm had revenue of $163.06 million during the quarter, compared to the consensus estimate of $154.49 million. During the same period last year, the firm earned $1.29 EPS. On average, sell-side analysts expect that Dorian LPG will post 7.49 EPS for the current year.

Dorian LPG Announces Dividend

The firm also recently disclosed a None dividend, which will be paid on Thursday, May 30th. Investors of record on Wednesday, May 8th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, May 7th. Dorian LPG’s payout ratio is currently 26.56%.

Institutional Investors Weigh In On Dorian LPG

Hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp raised its holdings in Dorian LPG by 317.7% in the fourth quarter. Fifth Third Bancorp now owns 685 shares of the shipping company’s stock worth $30,000 after buying an additional 521 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Dorian LPG by 178.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 820 shares of the shipping company’s stock worth $36,000 after buying an additional 525 shares during the last quarter. Planned Solutions Inc. purchased a new position in Dorian LPG in the fourth quarter worth about $44,000. CWM LLC raised its holdings in Dorian LPG by 63.2% in the third quarter. CWM LLC now owns 1,413 shares of the shipping company’s stock worth $41,000 after buying an additional 547 shares during the last quarter. Finally, USA Financial Formulas purchased a new position in Dorian LPG in the fourth quarter worth about $68,000. Institutional investors 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.