Dorian LPG (NYSE:LPG) Lowered to “Hold” Rating by Freedom Capital

Freedom Capital downgraded shares of Dorian LPG (NYSE:LPGFree Report) from a strong-buy rating to a hold rating in a research report sent to investors on Friday,Zacks.com reports.

LPG has been the topic of a number of other reports. Weiss Ratings restated a “hold (c+)” rating on shares of Dorian LPG in a research report on Wednesday, April 22nd. Wall Street Zen upgraded shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Pareto Securities restated a “buy” rating on shares of Dorian LPG in a research report on Thursday. Jefferies Financial Group boosted their price target on shares of Dorian LPG from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Friday. Finally, Dnb Carnegie upgraded shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Dorian LPG has an average rating of “Hold” and an average price target of $55.00.

Check Out Our Latest Stock Report on LPG

Dorian LPG Price Performance

NYSE:LPG opened at $46.49 on Friday. The firm has a market cap of $1.99 billion, a PE ratio of 10.22 and a beta of 0.63. Dorian LPG has a 12 month low of $20.08 and a 12 month high of $48.12. The company has a quick ratio of 2.40, a current ratio of 2.67 and a debt-to-equity ratio of 0.40. The company’s 50-day moving average price is $36.66 and its two-hundred day moving average price is $31.35.

Dorian LPG (NYSE:LPGGet Free Report) last released its quarterly earnings results on Wednesday, May 20th. The shipping company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.48. The firm had revenue of $153.27 million for the quarter, compared to analyst estimates of $128.87 million. Dorian LPG had a net margin of 40.22% and a return on equity of 18.01%. The company’s revenue for the quarter was up 102.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 earnings per share.

Dorian LPG Dividend Announcement

The business also recently announced a special dividend, which will be paid on Thursday, May 28th. Shareholders of record on Monday, May 18th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a dividend yield of 951.0%. Dorian LPG’s payout ratio is currently 35.21%.

Hedge Funds Weigh In On Dorian LPG

Institutional investors have recently modified their holdings of the stock. American Century Companies Inc. raised its stake in shares of Dorian LPG by 6.2% in the third quarter. American Century Companies Inc. now owns 1,697,048 shares of the shipping company’s stock worth $50,572,000 after acquiring an additional 99,485 shares during the last quarter. Tudor Investment Corp ET AL raised its stake in shares of Dorian LPG by 425.4% in the third quarter. Tudor Investment Corp ET AL now owns 256,216 shares of the shipping company’s stock worth $7,635,000 after acquiring an additional 207,450 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Dorian LPG by 212.7% during the fourth quarter. SG Americas Securities LLC now owns 53,071 shares of the shipping company’s stock worth $1,292,000 after buying an additional 36,101 shares during the last quarter. Unison Advisors LLC bought a new stake in shares of Dorian LPG during the fourth quarter worth approximately $711,000. Finally, Avior Wealth Management LLC bought a new stake in shares of Dorian LPG during the fourth quarter worth approximately $439,000. 62.50% of the stock is owned by institutional investors.

More Dorian LPG News

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About Dorian LPG

(Get Free Report)

Dorian LPG Ltd., incorporated in Bermuda and headquartered in Greenwich, Connecticut, is a leading owner and operator of modern very large gas carriers (VLGCs). The company specializes in the maritime transportation of liquefied petroleum gas (LPG), primarily propane and butane, for energy producers, commodity traders and trading houses around the world.

Dorian LPG’s fleet comprises over 30 state-of-the-art VLGCs, each designed for fuel efficiency and environmental performance. These vessels operate under medium- and long-term time charter agreements, providing predictable employment and supporting a stable charter revenue profile through contracts with major international energy companies.

The company serves global energy markets by transporting LPG cargoes along major trade routes linking production centers in the Middle East, U.S.

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Analyst Recommendations for Dorian LPG (NYSE:LPG)

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