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 published on Wednesday.

A number of other brokerages have also issued reports on LPG. DNB Markets lowered shares of Dorian LPG from a buy rating to a hold rating and set a $44.00 price objective for the company. in a 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. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Dorian LPG presently has an average rating of Moderate Buy and an average price target of $40.25.

Dorian LPG Stock Performance

NYSE:LPG opened at $41.81 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 3.29 and a current ratio of 3.31. The company has a fifty day moving average of $37.95 and a two-hundred day moving average of $38.64. The stock has a market capitalization of $1.70 billion, a PE ratio of 5.55 and a beta of 1.13. Dorian LPG has a fifty-two week low of $21.02 and a fifty-two week high of $49.54.

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 analysts’ consensus estimates of $2.27 by $0.35. Dorian LPG had a net margin of 55.02% and a return on equity of 33.59%. The business had revenue of $163.06 million during the quarter, compared to analyst estimates of $154.49 million. During the same quarter in the prior year, the firm earned $1.29 earnings per share. As a group, research analysts forecast that Dorian LPG will post 7.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of LPG. Dimensional Fund Advisors LP lifted its position in shares of Dorian LPG by 1.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,272,479 shares of the shipping company’s stock worth $143,565,000 after purchasing an additional 39,479 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of 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 purchasing an additional 180,246 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of 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 purchasing an additional 416,809 shares in the last quarter. Invesco Ltd. lifted its position in shares of Dorian LPG by 10.5% during the third quarter. Invesco Ltd. now owns 798,371 shares of the shipping company’s stock worth $22,937,000 after purchasing an additional 75,584 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Dorian LPG by 12.9% during the third quarter. American Century Companies Inc. now owns 521,274 shares of the shipping company’s stock worth $14,976,000 after purchasing an additional 59,580 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

About Dorian LPG

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.