Dorian LPG (NYSE:LPG) Lifted 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 released on Wednesday morning.

Several other research firms also recently issued reports on LPG. Jefferies Financial Group reaffirmed a buy rating and set a $50.00 price objective on shares of Dorian LPG in a report on Thursday, February 1st. DNB Markets cut shares of Dorian LPG from a buy rating to a hold rating and set a $44.00 price objective for the company. in a research report on Friday, January 26th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Dorian LPG has a consensus rating of Moderate Buy and an average price target of $40.25.

Dorian LPG Trading Up 1.2 %

LPG stock opened at $41.79 on Wednesday. Dorian LPG has a 1-year low of $21.02 and a 1-year high of $49.54. The firm has a market cap of $1.70 billion, a P/E ratio of 5.55 and a beta of 1.13. The business’s 50 day moving average is $38.21 and its 200-day moving average is $38.74. 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 earnings results on Thursday, February 1st. The shipping company reported $2.62 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 the consensus estimate of $154.49 million. Dorian LPG had a return on equity of 33.59% and a net margin of 55.02%. During the same period in the previous year, the business earned $1.29 EPS. Equities analysts anticipate that Dorian LPG will post 7.49 earnings per share for the current fiscal year.

Dorian LPG Announces Dividend

The firm also recently disclosed a None dividend, which will be paid on Thursday, May 30th. Stockholders 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 dividend payout ratio is 26.56%.

Institutional Investors Weigh In On Dorian LPG

Several hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its stake in Dorian LPG by 26.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,821 shares of the shipping company’s stock valued at $80,000 after purchasing an additional 379 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Dorian LPG by 4.4% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 9,301 shares of the shipping company’s stock valued at $408,000 after purchasing an additional 391 shares during the last quarter. PSI Advisors LLC lifted its stake in Dorian LPG by 16.8% in the 1st quarter. PSI Advisors LLC now owns 3,125 shares of the shipping company’s stock valued at $120,000 after purchasing an additional 450 shares during the last quarter. Fifth Third Bancorp lifted its stake in Dorian LPG by 317.7% in the 4th quarter. Fifth Third Bancorp now owns 685 shares of the shipping company’s stock valued at $30,000 after purchasing an additional 521 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Dorian LPG by 178.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 820 shares of the shipping company’s stock valued at $36,000 after purchasing an additional 525 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

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.