Dorian LPG (NYSE:LPG) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of Dorian LPG (NYSE:LPG) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.

A number of other research firms have also recently issued reports on LPG. Jefferies Financial Group reiterated a buy rating and set a $50.00 price objective on shares of Dorian LPG in a research report on Thursday, February 1st. DNB Markets downgraded shares of Dorian LPG from a buy rating to a hold rating and set a $44.00 price target for the company. in a report on Friday, January 26th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $40.25.

Dorian LPG Trading Up 0.6 %

Shares of LPG opened at $42.89 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 3.29 and a current ratio of 3.31. Dorian LPG has a 52-week low of $21.07 and a 52-week high of $49.54. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 5.70 and a beta of 1.08. The business’s fifty day moving average is $38.90 and its 200-day moving average is $39.25.

Dorian LPG (NYSE:LPG) last released its earnings results on Thursday, February 1st. The shipping company reported $2.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.35. The firm had revenue of $163.06 million for the quarter, compared to analysts’ expectations of $154.49 million. Dorian LPG had a return on equity of 33.59% and a net margin of 55.02%. During the same quarter in the previous year, the business posted $1.29 earnings per share. Equities analysts anticipate that Dorian LPG will post 7.49 EPS for the current fiscal year.

Dorian LPG Announces Dividend

The firm also recently announced a None dividend, which will be paid on Thursday, May 30th. Investors of record on Wednesday, May 8th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, May 7th. Dorian LPG’s dividend payout ratio is presently 26.56%.

Hedge Funds Weigh In On Dorian LPG

Several institutional investors and hedge funds have recently added to or reduced their stakes in LPG. Saxony Capital Management LLC grew its stake in shares of Dorian LPG by 5.9% in the first 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 during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Dorian LPG by 26.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,821 shares of the shipping company’s stock worth $80,000 after buying an additional 379 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of Dorian LPG by 4.4% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 9,301 shares of the shipping company’s stock valued at $408,000 after buying an additional 391 shares during the last quarter. PSI Advisors LLC increased its stake in shares of Dorian LPG by 16.8% in the first quarter. PSI Advisors LLC now owns 3,125 shares of the shipping company’s stock valued at $120,000 after buying an additional 450 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of Dorian LPG by 317.7% during the fourth quarter. Fifth Third Bancorp now owns 685 shares of the shipping company’s stock worth $30,000 after acquiring an additional 521 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

About Dorian LPG

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.