Dorian LPG (NYSE:LPG) Rating Lowered to “Hold” at Pareto Securities

Dorian LPG (NYSE:LPG) was downgraded by equities research analysts at Pareto Securities from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

LPG has been the subject of several other reports. Zacks Research lowered shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 9th. Wall Street Zen raised shares of Dorian LPG from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Dorian LPG in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Dorian LPG has an average rating of “Hold” and a consensus target price of $35.00.

Dorian LPG Price Performance

Dorian LPG stock opened at $26.59 on Monday. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 11.92 and a beta of 0.76. The company has a quick ratio of 3.30, a current ratio of 3.32 and a debt-to-equity ratio of 0.44. The business has a 50-day simple moving average of $29.25 and a 200 day simple moving average of $27.26. Dorian LPG has a 52 week low of $16.66 and a 52 week high of $32.79.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings results on Thursday, November 6th. The shipping company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.09). The business had revenue of $124.06 million for the quarter, compared to the consensus estimate of $126.99 million. Dorian LPG had a net margin of 26.02% and a return on equity of 9.13%. The business’s revenue was up 50.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 EPS. On average, research analysts forecast that Dorian LPG will post 2.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Alexander C. Hadjipateras sold 5,000 shares of Dorian LPG stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $32.38, for a total value of $161,900.00. Following the transaction, the chief operating officer owned 89,440 shares in the company, valued at $2,896,067.20. This trade represents a 5.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 13.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Opal Wealth Advisors LLC bought a new stake in shares of Dorian LPG in the 2nd quarter valued at about $29,000. Evermay Wealth Management LLC purchased a new position in Dorian LPG in the 2nd quarter worth approximately $32,000. NewEdge Advisors LLC lifted its position in Dorian LPG by 1,003.8% in the first quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock valued at $32,000 after purchasing an additional 1,315 shares during the last quarter. Citizens National Bank Trust Department purchased a new stake in shares of Dorian LPG during the third quarter valued at approximately $45,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Dorian LPG by 429.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock worth $40,000 after purchasing an additional 1,340 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

About Dorian LPG

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.