Dorian LPG (NYSE:LPG) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, ValuEngine reports.

Several other analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $7.25 price target on the stock in a research report on Wednesday, April 3rd. DNB Markets raised shares of Dorian LPG from a “hold” rating to a “buy” rating in a research report on Friday, February 8th.

Shares of LPG opened at $8.22 on Tuesday. The stock has a market cap of $438.68 million, a PE ratio of -13.26 and a beta of 0.87. Dorian LPG has a 1 year low of $5.26 and a 1 year high of $8.80. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.14 and a current ratio of 1.17.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings results on Monday, February 4th. The shipping company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.08. The business had revenue of $55.11 million for the quarter, compared to analysts’ expectations of $47.29 million. Dorian LPG had a negative net margin of 23.65% and a negative return on equity of 4.35%. As a group, analysts predict that Dorian LPG will post -0.68 EPS for the current year.

In other news, Director Christina Tan bought 5,000 shares of Dorian LPG stock in a transaction that occurred on Thursday, March 28th. The shares were purchased at an average price of $5.85 per share, with a total value of $29,250.00. Following the completion of the acquisition, the director now directly owns 72,729 shares in the company, valued at $425,464.65. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John C. Hadjipateras bought 7,500 shares of Dorian LPG stock in a transaction that occurred on Friday, April 5th. The stock was purchased at an average cost of $7.73 per share, for a total transaction of $57,975.00. Following the acquisition, the insider now owns 141,994 shares of the company’s stock, valued at $1,097,613.62. The disclosure for this purchase can be found here. Insiders have bought 32,500 shares of company stock worth $215,825 in the last three months. Corporate insiders own 26.40% of the company’s stock.

A number of large investors have recently modified their holdings of LPG. BlackRock Inc. raised its holdings in Dorian LPG by 0.4% in the third quarter. BlackRock Inc. now owns 1,755,254 shares of the shipping company’s stock valued at $13,988,000 after acquiring an additional 6,691 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Dorian LPG by 5.8% in the third quarter. Dimensional Fund Advisors LP now owns 3,012,986 shares of the shipping company’s stock valued at $24,013,000 after purchasing an additional 163,930 shares during the last quarter. Vanguard Group Inc increased its stake in Dorian LPG by 1.0% in the third quarter. Vanguard Group Inc now owns 512,641 shares of the shipping company’s stock valued at $4,086,000 after purchasing an additional 5,047 shares during the last quarter. Rhumbline Advisers increased its stake in Dorian LPG by 44.9% in the fourth quarter. Rhumbline Advisers now owns 39,109 shares of the shipping company’s stock valued at $228,000 after purchasing an additional 12,121 shares during the last quarter. Finally, Private Management Group Inc. increased its stake in Dorian LPG by 24.5% in the fourth quarter. Private Management Group Inc. now owns 556,182 shares of the shipping company’s stock valued at $3,243,000 after purchasing an additional 109,390 shares during the last quarter. 55.26% of the stock is currently owned by hedge funds and other institutional investors.

Dorian LPG Company Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates very large gas carriers (VLGCs). As of June 26, 2018, its fleet consisted of 22 VLGCs with carrying capacity of approximately 1.8 million cubic meters.

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