Dorian LPG (NYSE:LPG) Rating Lowered to Hold at Pareto Securities

Dorian LPG (NYSE:LPG) was downgraded by analysts at Pareto Securities from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Zacks Research cut Dorian LPG from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dorian LPG in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Dorian LPG from a “hold” rating to a “buy” rating in a research note on Saturday. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $35.00.

Dorian LPG Trading Up 0.8%

Dorian LPG stock opened at $26.77 on Monday. Dorian LPG has a 52 week low of $16.66 and a 52 week high of $32.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.30 and a current ratio of 3.32. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 12.00 and a beta of 0.76. The company has a 50 day moving average price of $29.25 and a 200 day moving average price of $27.26.

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

Insider Buying and Selling at Dorian LPG

In other Dorian LPG news, COO Alexander C. Hadjipateras sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $32.38, for a total transaction of $161,900.00. Following the sale, the chief operating officer directly owned 89,440 shares of the company’s stock, valued at approximately $2,896,067.20. This represents a 5.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 13.60% of the company’s stock.

Institutional Trading of Dorian LPG

Hedge funds have recently modified their holdings of the stock. Intech Investment Management LLC boosted its holdings in Dorian LPG by 616.4% in the first quarter. Intech Investment Management LLC now owns 125,142 shares of the shipping company’s stock valued at $2,796,000 after acquiring an additional 107,675 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Dorian LPG during the 1st quarter worth approximately $1,720,000. Millennium Management LLC lifted its holdings in Dorian LPG by 3,728.9% in the first quarter. Millennium Management LLC now owns 997,470 shares of the shipping company’s stock valued at $22,283,000 after buying an additional 971,419 shares during the period. Focus Partners Wealth raised its position in shares of Dorian LPG by 18.3% during the 1st quarter. Focus Partners Wealth now owns 294,240 shares of the shipping company’s stock valued at $6,573,000 after acquiring an additional 45,590 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Dorian LPG by 4.8% in the 1st quarter. Arizona State Retirement System now owns 11,664 shares of the shipping company’s stock valued at $261,000 after purchasing an additional 532 shares during the period. 62.50% of the stock is owned by institutional investors.

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.