Dorian LPG (NYSE:LPG) Upgraded at DNB Markets

Dorian LPG (NYSE:LPG) was upgraded by stock analysts at DNB Markets from a “hold” rating to a “buy” rating in a research report issued on Wednesday, Marketbeat Ratings reports. The brokerage presently has a $52.00 price target on the shipping company’s stock. DNB Markets’ target price would suggest a potential upside of 19.40% from the company’s current price.

A number of other research analysts also recently issued reports on LPG. Jefferies Financial Group boosted their price target on shares of Dorian LPG from $46.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. StockNews.com cut shares of Dorian LPG from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd.

Dorian LPG Stock Performance

NYSE LPG opened at $43.55 on Wednesday. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 5.73 and a beta of 0.97. The company has a quick ratio of 3.60, a current ratio of 3.62 and a debt-to-equity ratio of 0.54. Dorian LPG has a twelve month low of $24.17 and a twelve month high of $51.66. The stock has a fifty day simple moving average of $44.07 and a 200 day simple moving average of $41.18.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings results on Wednesday, May 22nd. The shipping company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.10. The company had revenue of $141.40 million during the quarter, compared to analysts’ expectations of $144.25 million. Dorian LPG had a return on equity of 32.22% and a net margin of 54.83%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.94 earnings per share. Sell-side analysts expect that Dorian LPG will post 6.07 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Saxony Capital Management LLC boosted its position in shares of Dorian LPG by 5.9% during the 1st quarter. Saxony Capital Management LLC now owns 5,572 shares of the shipping company’s stock worth $214,000 after purchasing an additional 309 shares in the last quarter. Texas Permanent School Fund Corp grew its stake in Dorian LPG by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 29,842 shares of the shipping company’s stock valued at $1,148,000 after acquiring an additional 375 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Dorian LPG by 26.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,821 shares of the shipping company’s stock valued at $80,000 after acquiring an additional 379 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Dorian LPG by 4.4% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 9,301 shares of the shipping company’s stock worth $408,000 after purchasing an additional 391 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Dorian LPG by 60.3% in the 2nd quarter. GAMMA Investing LLC now owns 1,050 shares of the shipping company’s stock worth $44,000 after purchasing an additional 395 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

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.