StockNews.com Upgrades Dorian LPG (NYSE:LPG) to “Buy”

Dorian LPG (NYSE:LPG) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

A number of other equities analysts have also commented on LPG. Jefferies Financial Group reaffirmed a “buy” rating and set a $50.00 price target on shares of Dorian LPG in a research report on Thursday, February 1st. DNB Markets lowered shares of Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 price target on the stock. in a report on Friday, January 26th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.25.

Dorian LPG Stock Performance

NYSE LPG opened at $41.25 on Wednesday. The firm has a 50-day moving average of $38.07 and a 200-day moving average of $38.65. The company has a debt-to-equity ratio of 0.57, a quick ratio of 3.29 and a current ratio of 3.31. The stock has a market cap of $1.67 billion, a PE ratio of 5.48 and a beta of 1.13. Dorian LPG has a 52-week low of $21.02 and a 52-week high of $49.54.

Dorian LPG (NYSE:LPG) last released its quarterly earnings results on Thursday, February 1st. The shipping company reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.35. Dorian LPG had a net margin of 55.02% and a return on equity of 33.59%. The business had revenue of $163.06 million for the quarter, compared to analyst estimates of $154.49 million. During the same period last year, the firm earned $1.29 earnings per share. On average, sell-side analysts anticipate that Dorian LPG will post 7.29 EPS for the current year.

Institutional Investors Weigh In On Dorian LPG

Several hedge funds have recently added to or reduced their stakes in the business. New York State Teachers Retirement System boosted its position in Dorian LPG by 14.9% during the 1st quarter. New York State Teachers Retirement System now owns 21,846 shares of the shipping company’s stock worth $840,000 after buying an additional 2,830 shares during the period. PSI Advisors LLC boosted its position in Dorian LPG by 16.8% during the 1st quarter. PSI Advisors LLC now owns 3,125 shares of the shipping company’s stock worth $120,000 after buying an additional 450 shares during the period. HighPoint Advisor Group LLC acquired a new stake in Dorian LPG during the 4th quarter worth approximately $674,000. PNC Financial Services Group Inc. boosted its position 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. Finally, Tucker Asset Management LLC acquired a new stake in Dorian LPG during the 4th quarter worth approximately $136,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Dorian LPG Company Profile

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.