Dorian LPG (NYSE:LPG) Stock Gets Downgrade from Wall Street Zen

Dorian LPG (NYSE:LPG) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Other equities research analysts have also issued reports about the company. Freedom Capital upgraded Dorian LPG from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Dorian LPG in a report on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $55.00.

Dorian LPG Stock Performance

Shares of NYSE:LPG opened at $46.66 on Friday. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 4.16 and a beta of 0.64. The company has a 50-day moving average price of $54.17 and a 200-day moving average price of $42.44. The company has a current ratio of 8.20, a quick ratio of 8.17 and a debt-to-equity ratio of 0.31. Dorian LPG has a 12 month low of $23.76 and a 12 month high of $59.97.

Dorian LPG (NYSE:LPG) last posted its earnings results on Thursday, November 5th. The shipping company reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.61. Dorian LPG had a return on equity of 31.49% and a net margin of 70.38%. The company had revenue of $221.35 million for the quarter, compared to analysts’ expectations of $195.18 million. During the same period last year, the firm earned $1.31 earnings per share. Dorian LPG’s quarterly revenue was up 78.4% on a year-over-year basis.

Insider Activity at Dorian LPG

In other Dorian LPG news, COO Alexander C. Hadjipateras sold 5,000 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $54.13, for a total value of $270,650.00. Following the completion of the transaction, the chief operating officer owned 95,836 shares in the company, valued at approximately $5,187,602.68. This represents a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Theodore B. Young sold 11,919 shares of the firm’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $54.50, for a total value of $649,585.50. Following the transaction, the chief financial officer directly owned 107,794 shares of the company’s stock, valued at $5,874,773. This represents a 9.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 106,000 shares of company stock worth $5,455,849 over the last ninety days. 13.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dorian LPG

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in shares of Dorian LPG by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,549,771 shares of the shipping company’s stock valued at $87,199,000 after acquiring an additional 73,754 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Dorian LPG in the 1st quarter worth approximately $11,929,000. Allspring Global Investments Holdings LLC lifted its position in Dorian LPG by 227.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 215,568 shares of the shipping company’s stock valued at $7,247,000 after acquiring an additional 149,787 shares in the last quarter. Empowered Funds LLC lifted its position in Dorian LPG by 117.5% in 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. Finally, Pacer Advisors Inc. lifted its position 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 valued at $6,513,000 after acquiring an additional 183,232 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Dorian LPG Company Profile

Dorian LPG Ltd. (NYSE: LPG) is a maritime transportation company that owns and operates liquefied petroleum gas (LPG) carriers. The company primarily transports propane, butane and other LPG products for energy companies, commodity traders and other commercial customers under time-charter, voyage-charter and other contractual arrangements.

Dorian LPG’s fleet is focused primarily on very large gas carriers (VLGCs), including modern, fuel-efficient vessels designed to transport LPG in large quantities over international trade routes.