Dorian LPG (NYSE:LPG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Dorian LPG (NYSE:LPG) from a buy rating to a strong-buy rating in a report published on Saturday,Wall Street Zen reports.

A number of other equities analysts have also recently commented on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Dorian LPG in a report on Tuesday, August 25th. Freedom Capital upgraded Dorian LPG from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $55.00.

Dorian LPG Stock Up 2.0%

LPG opened at $55.13 on Friday. The company has a fifty day moving average of $53.70 and a two-hundred day moving average of $41.26. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 7.30 and a beta of 0.57. Dorian LPG has a fifty-two week low of $23.76 and a fifty-two week high of $59.97. 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 (NYSE:LPG) last announced its earnings results on Tuesday, August 4th. The shipping company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.40. Dorian LPG had a return on equity of 25.69% and a net margin of 55.00%. The firm had revenue of $187.88 million for the quarter, compared to analyst estimates of $160.78 million. During the same quarter last year, the firm posted $0.27 EPS. The business’s revenue was up 123.1% on a year-over-year basis.

Insider Buying and Selling at Dorian LPG

In related news, insider Tim Hansen sold 50,000 shares of the stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $53.12, for a total transaction of $2,656,000.00. Following the transaction, the insider owned 107,675 shares of the company’s stock, valued at approximately $5,719,696. This represents a 31.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Alexander C. Hadjipateras sold 5,000 shares of the firm’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $54.13, for a total value of $270,650.00. Following the transaction, the chief operating officer owned 95,836 shares of the company’s stock, valued at $5,187,602.68. This trade represents a 4.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 106,000 shares of company stock worth $5,455,849 over the last three months. Insiders own 13.50% of the company’s stock.

Institutional Trading of Dorian LPG

Several hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new stake in Dorian LPG in the second quarter valued at approximately $37,000. KBC Group NV acquired a new position in Dorian LPG during the 1st quarter worth approximately $38,000. Allworth Financial LP grew its holdings in Dorian LPG by 65.9% during the 2nd quarter. Allworth Financial LP now owns 1,206 shares of the shipping company’s stock worth $42,000 after acquiring an additional 479 shares in the last quarter. Sterling Capital Management LLC grew its holdings in Dorian LPG by 80.3% during the 3rd quarter. Sterling Capital Management LLC now owns 941 shares of the shipping company’s stock worth $52,000 after acquiring an additional 419 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in Dorian LPG during the 2nd quarter worth approximately $57,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

About Dorian LPG

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.