Dorian LPG Ltd. (NYSE:LPG) Stock Rated “Buy” by Sell-Side Brokerages

Shares of Dorian LPG Ltd. (NYSE:LPG) have been assigned an average rating of “Buy” from the five research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $55.00.

Several research analysts have recently commented on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Dorian LPG in a research report on Tuesday, August 25th. Freedom Capital upgraded Dorian LPG from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, Wall Street Zen lowered Dorian LPG from a “strong-buy” rating to a “buy” rating in a research note on Saturday.

Insiders Place Their Bets

In related news, insider Tim Hansen sold 50,000 shares of Dorian LPG stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $53.12, for a total value of $2,656,000.00. Following the completion of the transaction, the insider owned 107,675 shares in the company, valued at approximately $5,719,696. The trade was a 31.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Theodore B. Young sold 11,919 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $54.50, for a total transaction of $649,585.50. Following the sale, the chief financial officer directly owned 107,794 shares in the company, valued at approximately $5,874,773. The trade was a 9.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 81,000 shares of company stock worth $4,329,849 over the last three months. Company insiders own 13.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. lifted its stake in Dorian LPG by 844.7% in the third quarter. Bessemer Group Inc. now owns 444 shares of the shipping company’s stock worth $25,000 after acquiring an additional 397 shares during the last quarter. Sterling Capital Management LLC lifted its position in Dorian LPG by 80.3% in the third quarter. Sterling Capital Management LLC now owns 941 shares of the shipping company’s stock valued at $52,000 after acquiring an additional 419 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Dorian LPG in the second quarter valued at $37,000. KBC Group NV acquired a new stake in shares of Dorian LPG during the first quarter worth about $38,000. Finally, Allworth Financial LP increased its position in shares of Dorian LPG by 65.9% during the second quarter. Allworth Financial LP now owns 1,206 shares of the shipping company’s stock worth $42,000 after purchasing an additional 479 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Dorian LPG Stock Performance

Shares of LPG stock opened at $45.94 on Thursday. The firm’s 50 day moving average price is $54.09 and its 200-day moving average price is $42.53. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.24 and a current ratio of 3.26. Dorian LPG has a one year low of $23.76 and a one year high of $59.97. The firm has a market cap of $1.97 billion, a P/E ratio of 7.24 and a beta of 0.64.

Dorian LPG (NYSE:LPG) last posted its earnings results on Thursday, November 5th. The shipping company reported $3.46 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.61. Dorian LPG had a net margin of 55.00% and a return on equity of 25.69%. The firm had revenue of $221.35 million during the quarter, compared to the consensus estimate of $194.90 million. During the same quarter last year, the firm earned $1.31 EPS. The firm’s revenue for the quarter was up 78.4% on a year-over-year basis.

Dorian LPG Announces Dividend

The firm also recently declared a special dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Monday, November 9th will be paid a dividend of $1.25 per share. The ex-dividend date is Monday, November 9th.

About Dorian LPG

Dorian LPG Ltd. is an international shipping company focused on the seaborne transportation of liquefied petroleum gas (LPG). It owns and operates very large gas carriers (VLGCs), which move LPG between production centers and markets around the world.

The company’s fleet includes vessels designed to carry LPG, including ships equipped with dual-fuel propulsion systems. Dorian LPG serves global trade routes connecting suppliers in regions such as the United States and the Middle East with customers in Asia, Europe and other markets.

Founded in 2013, Dorian LPG is headquartered in Stamford, Connecticut.