Dorian LPG (NYSE:LPG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Dorian LPG (NYSE:LPG) from a buy rating to a strong-buy rating in a research note published on Saturday.

LPG has been the topic of a number of other research reports. Dnb Carnegie upgraded shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Pareto Securities reiterated a “buy” rating on shares of Dorian LPG in a report on Thursday, May 21st. Weiss Ratings raised Dorian LPG from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Jefferies Financial Group raised their price objective on Dorian LPG from $42.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Finally, Freedom Capital downgraded Dorian LPG from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $55.00.

Dorian LPG Price Performance

NYSE:LPG opened at $43.93 on Friday. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 9.65 and a beta of 0.66. The company has a current ratio of 2.67, a quick ratio of 2.65 and a debt-to-equity ratio of 0.40. The company’s 50-day moving average is $41.31 and its two-hundred day moving average is $36.45. Dorian LPG has a 12-month low of $23.76 and a 12-month high of $48.12.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings results on Tuesday, May 19th. The shipping company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.48. The business had revenue of $153.27 million during the quarter, compared to the consensus estimate of $128.87 million. Dorian LPG had a net margin of 40.22% and a return on equity of 18.01%. The company’s quarterly revenue was up 102.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 earnings per share.

Dorian LPG Announces Dividend

The business also recently announced a special dividend, which will be paid on Wednesday, August 12th. Investors of record on Monday, July 27th will be given a $1.00 dividend. The ex-dividend date of this dividend is Monday, July 27th.

Insider Buying and Selling

In related news, insider Tim Truels Hansen sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $35.38, for a total value of $707,600.00. Following the completion of the sale, the insider directly owned 157,842 shares in the company, valued at approximately $5,584,449.96. The trade was a 11.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ted Kalborg sold 15,373 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $45.06, for a total transaction of $692,707.38. Following the transaction, the director directly owned 66,348 shares of the company’s stock, valued at $2,989,640.88. This trade represents a 18.81% decrease in their position. The disclosure for this sale is available in the SEC filing. 13.60% of the stock is currently owned by insiders.

Institutional Trading of Dorian LPG

Several institutional investors have recently made changes to their positions in LPG. Tudor Investment Corp ET AL boosted its holdings in 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 valued at $7,635,000 after acquiring an additional 207,450 shares during the last quarter. SG Americas Securities LLC grew its position in Dorian LPG by 212.7% during the fourth quarter. SG Americas Securities LLC now owns 53,071 shares of the shipping company’s stock valued at $1,292,000 after acquiring an additional 36,101 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Dorian LPG by 227.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 215,568 shares of the shipping company’s stock worth $7,247,000 after acquiring an additional 149,787 shares during the last quarter. Unison Advisors LLC acquired a new stake in Dorian LPG during the fourth quarter worth about $711,000. Finally, Persistent Asset Partners Ltd acquired a new stake in Dorian LPG during the fourth quarter worth about $1,098,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Dorian LPG Company Profile

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.