Dorian LPG (NYSE:LPG) Rating Lowered to Hold at Wall Street Zen

Dorian LPG (NYSE:LPG) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

A number of other research firms have also issued reports on LPG. Pareto Securities lowered Dorian LPG from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Zacks Research lowered Dorian LPG from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 9th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dorian LPG in a research report on Thursday. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Dorian LPG presently has a consensus rating of “Hold” and an average price target of $35.00.

Dorian LPG Stock Performance

Shares of LPG stock opened at $25.47 on Friday. The company has a current ratio of 3.32, a quick ratio of 3.30 and a debt-to-equity ratio of 0.44. The company has a market cap of $1.09 billion, a PE ratio of 11.42 and a beta of 0.76. The company’s fifty day simple moving average is $28.87 and its 200-day simple moving average is $27.39. Dorian LPG has a 52 week low of $16.66 and a 52 week high of $32.79.

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

Insider Buying and Selling

In other Dorian LPG news, COO Alexander C. Hadjipateras sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $32.38, for a total transaction of $161,900.00. Following the completion of the sale, 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. Corporate insiders own 13.60% of the company’s stock.

Hedge Funds Weigh In On Dorian LPG

Institutional investors have recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC acquired a new position in Dorian LPG during the 2nd quarter worth $165,210,000. Millennium Management LLC raised its stake in shares of Dorian LPG by 3,728.9% in the 1st quarter. Millennium Management LLC now owns 997,470 shares of the shipping company’s stock valued at $22,283,000 after purchasing an additional 971,419 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Dorian LPG by 236.7% during the second quarter. AQR Capital Management LLC now owns 425,478 shares of the shipping company’s stock worth $10,373,000 after purchasing an additional 299,107 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Dorian LPG during the second quarter worth about $6,438,000. Finally, Sparta 24 Ltd. bought a new position in shares of Dorian LPG during the first quarter worth about $5,036,000. 62.50% of the stock is 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 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.