Dorian LPG (NYSE:LPG) Given “Buy” Rating at Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Dorian LPG (NYSE:LPG) in a research note published on Friday,Benzinga reports. The firm currently has a $35.00 price objective on the shipping company’s stock.

Dorian LPG Price Performance

Dorian LPG stock opened at $24.09 on Friday. The company has a current ratio of 4.22, a quick ratio of 4.20 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $1.03 billion, a P/E ratio of 4.08 and a beta of 0.93. The business has a 50-day moving average of $24.38 and a 200-day moving average of $30.96. Dorian LPG has a 1 year low of $22.46 and a 1 year high of $51.66.

Dorian LPG (NYSE:LPG) last posted its earnings results on Friday, January 31st. The shipping company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.08. Dorian LPG had a net margin of 47.87% and a return on equity of 23.75%. During the same period last year, the firm earned $2.62 EPS. On average, equities analysts anticipate that Dorian LPG will post 2.84 EPS for the current year.

Dorian LPG Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, February 27th. Investors of record on Wednesday, February 5th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, February 5th.

Institutional Investors Weigh In On Dorian LPG

Several institutional investors have recently bought and sold shares of LPG. Beacon Capital Management LLC raised its holdings in shares of Dorian LPG by 61.1% in the fourth quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company’s stock valued at $27,000 after purchasing an additional 428 shares during the last quarter. Heck Capital Advisors LLC bought a new position in shares of Dorian LPG in the fourth quarter valued at $37,000. Quarry LP raised its position in Dorian LPG by 57.8% during the second quarter. Quarry LP now owns 942 shares of the shipping company’s stock worth $40,000 after acquiring an additional 345 shares in the last quarter. KBC Group NV lifted its stake in Dorian LPG by 84.6% in the fourth quarter. KBC Group NV now owns 2,075 shares of the shipping company’s stock valued at $51,000 after acquiring an additional 951 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its position in shares of Dorian LPG by 126.7% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,247 shares of the shipping company’s stock valued at $52,000 after acquiring an additional 697 shares during the period. 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 through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.