Dorian LPG Ltd. (NYSE:LPG) Stock Now Rated “Buy” by Sell-Side Brokerages

Shares of Dorian LPG Ltd. (NYSE:LPG) have received a consensus rating of “Buy” from the five analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $55.00.

A number of research firms have weighed in on LPG. Freedom Capital raised Dorian LPG from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Dorian LPG in a research report on Tuesday, August 25th. Finally, Wall Street Zen downgraded shares of Dorian LPG from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 26th.

Insider Transactions at Dorian LPG

In other Dorian LPG news, COO Alexander Hadjipateras sold 5,000 shares of Dorian LPG stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $54.13, for a total value of $270,650.00. Following the transaction, the chief operating officer directly owned 95,836 shares of the company’s stock, valued at $5,187,602.68. The trade was a 4.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Theodore Young sold 11,919 shares of Dorian LPG stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $54.50, for a total transaction of $649,585.50. Following the completion of the transaction, the chief financial officer directly owned 107,794 shares in the company, valued at approximately $5,874,773. The trade was a 9.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 106,000 shares of company stock worth $5,455,849. Company insiders own 13.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC raised its holdings in shares of Dorian LPG by 117.5% during the first quarter. Empowered Funds LLC now owns 197,030 shares of the shipping company’s stock valued at $6,738,000 after purchasing an additional 106,428 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Dorian LPG during the 2nd quarter valued at $1,478,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Dorian LPG during the first quarter valued at $1,491,000. Segall Bryant & Hamill LLC bought a new position in shares of Dorian LPG in the first quarter worth approximately $1,247,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Dorian LPG in the first quarter worth $2,211,000. 62.50% of the stock is currently owned by institutional investors.

Dorian LPG Stock Performance

Shares of LPG opened at $53.60 on Friday. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 7.10 and a beta of 0.57. Dorian LPG has a 12 month low of $23.76 and a 12 month high of $59.97. The company has a current ratio of 3.26, a quick ratio of 3.24 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average of $53.11 and a 200 day moving average of $44.67.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings results on Tuesday, August 4th. The shipping company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.40. Dorian LPG had a net margin of 55.00% and a return on equity of 25.69%. The company had revenue of $187.88 million during the quarter, compared to analyst estimates of $160.78 million. During the same quarter last year, the business posted $0.27 EPS. Dorian LPG’s quarterly revenue was up 123.1% compared to the same quarter last year.

About Dorian LPG

Dorian LPG Ltd. is a maritime transportation company that owns and operates liquefied petroleum gas (LPG) carriers. The company primarily transports propane, butane and other liquefied gases for energy producers, commodity traders and industrial customers under voyage, time-charter and pool arrangements.

Dorian LPG focuses on very large gas carriers (VLGCs), which are designed to transport LPG in large quantities over international routes. Its vessels serve global energy markets, including major LPG export regions such as the United States and the Middle East and import markets in Asia, Europe and other regions.

Founded in 2013, Dorian LPG is headquartered in Stamford, Connecticut, and its shares trade on the New York Stock Exchange under the symbol LPG.