Wall Street Zen Upgrades Dorian LPG (NYSE:LPG) to Strong-Buy

Dorian LPG (NYSE:LPG) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

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

Dorian LPG Stock Down 0.0%

LPG opened at $45.32 on Friday. Dorian LPG has a 1-year low of $23.76 and a 1-year high of $48.12. The firm’s 50 day simple moving average is $41.28 and its two-hundred day simple moving average is $36.32. 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 has a market capitalization of $1.94 billion, a PE ratio of 9.96 and a beta of 0.66.

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

Insider Transactions at Dorian LPG

In other news, Director Ted Kalborg sold 15,373 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $45.06, for a total value of $692,707.38. Following the transaction, the director directly owned 66,348 shares in the company, valued at $2,989,640.88. The trade was a 18.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tim Truels Hansen sold 20,000 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 157,842 shares in the company, valued at $5,584,449.96. The trade was a 11.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 13.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership bought a new stake in shares of Dorian LPG during the first quarter valued at approximately $11,929,000. AQR Capital Management LLC lifted its holdings in shares of Dorian LPG by 236.7% in the second quarter. AQR Capital Management LLC now owns 425,478 shares of the shipping company’s stock worth $10,373,000 after buying an additional 299,107 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Dorian LPG by 136.2% during the second quarter. Bank of America Corp DE now owns 368,986 shares of the shipping company’s stock worth $8,996,000 after acquiring an additional 212,787 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Dorian LPG by 12.4% during the fourth quarter. Vanguard Group Inc. now owns 1,874,907 shares of the shipping company’s stock worth $45,635,000 after acquiring an additional 207,575 shares during the last quarter. Finally, Tudor Investment Corp ET AL grew its stake in Dorian LPG by 425.4% during 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 in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

About Dorian LPG

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.