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

Wall Street Zen upgraded shares of Dorian LPG (NYSE:LPG) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday.

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

Dorian LPG Stock Down 0.6%

Shares of NYSE:LPG opened at $45.32 on Friday. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 9.96 and a beta of 0.66. Dorian LPG has a 1-year low of $23.76 and a 1-year high of $48.12. The company’s fifty day moving average is $41.28 and its two-hundred day moving average is $36.24. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.65 and a current ratio of 2.67.

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

Dorian LPG Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Wednesday, August 12th. Investors of record on Monday, July 27th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Monday, July 27th.

Insider Activity

In other Dorian LPG news, Director Ted Kalborg sold 15,373 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $45.06, for a total value of $692,707.38. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Tim Truels Hansen sold 20,000 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $35.38, for a total transaction of $707,600.00. Following the completion of the transaction, the insider owned 157,842 shares of the company’s stock, valued at approximately $5,584,449.96. This trade represents a 11.25% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 13.60% of the company’s stock.

Institutional Investors Weigh In On Dorian LPG

Hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. grew its holdings in Dorian LPG by 2,540.0% in the 1st quarter. Pacer Advisors Inc. now owns 190,446 shares of the shipping company’s stock worth $6,513,000 after buying an additional 183,232 shares in the last quarter. Empowered Funds LLC raised its stake in Dorian LPG by 117.5% during the 1st quarter. Empowered Funds LLC now owns 197,030 shares of the shipping company’s stock valued at $6,738,000 after acquiring an additional 106,428 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in Dorian LPG during the 1st quarter valued at $1,247,000. Arete Wealth Advisors LLC bought a new stake in Dorian LPG during the 1st quarter valued at $683,000. Finally, Amundi acquired a new position in Dorian LPG during the 1st quarter worth $465,000. Institutional investors own 62.50% of the company’s stock.

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.