StockNews.com Lowers Dorian LPG (NYSE:LPG) to Hold

StockNews.com downgraded shares of Dorian LPG (NYSE:LPG) from a buy rating to a hold rating in a report published on Thursday.

Several other brokerages have also weighed in on LPG. Jefferies Financial Group reaffirmed a buy rating and issued a $50.00 target price on shares of Dorian LPG in a research report on Thursday, February 1st. DNB Markets cut Dorian LPG from a buy rating to a hold rating and set a $44.00 price target for the company. in a research note on Friday, January 26th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Dorian LPG presently has a consensus rating of Moderate Buy and an average target price of $40.25.

Dorian LPG Stock Up 0.6 %

Dorian LPG stock opened at $42.89 on Thursday. Dorian LPG has a twelve month low of $21.07 and a twelve month high of $49.54. The company has a debt-to-equity ratio of 0.57, a quick ratio of 3.29 and a current ratio of 3.31. The firm has a market cap of $1.74 billion, a PE ratio of 5.70 and a beta of 1.08. The firm’s 50 day moving average price is $38.76 and its two-hundred day moving average price is $39.05.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings results on Thursday, February 1st. The shipping company reported $2.62 EPS for the quarter, beating the consensus estimate of $2.27 by $0.35. Dorian LPG had a net margin of 55.02% and a return on equity of 33.59%. The business had revenue of $163.06 million for the quarter, compared to analysts’ expectations of $154.49 million. During the same period in the previous year, the company posted $1.29 EPS. On average, research analysts predict that Dorian LPG will post 7.49 EPS for the current fiscal year.

Dorian LPG Dividend Announcement

The business also recently announced a None dividend, which will be paid on Thursday, May 30th. Shareholders of record on Wednesday, May 8th will be issued a dividend of $1.00 per share. The ex-dividend date is Tuesday, May 7th. Dorian LPG’s dividend payout ratio (DPR) is currently 26.56%.

Institutional Investors Weigh In On Dorian LPG

A number of large investors have recently added to or reduced their stakes in LPG. Fifth Third Bancorp increased its stake in shares of Dorian LPG by 317.7% in the fourth quarter. Fifth Third Bancorp now owns 685 shares of the shipping company’s stock worth $30,000 after purchasing an additional 521 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in Dorian LPG by 178.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 820 shares of the shipping company’s stock valued at $36,000 after buying an additional 525 shares during the last quarter. CWM LLC increased its position in Dorian LPG by 63.2% in the 3rd quarter. CWM LLC now owns 1,413 shares of the shipping company’s stock worth $41,000 after buying an additional 547 shares during the period. Planned Solutions Inc. acquired a new position in shares of Dorian LPG during the fourth quarter worth approximately $44,000. Finally, USA Financial Formulas bought a new stake in shares of Dorian LPG in the fourth quarter valued at approximately $68,000. Institutional investors own 62.50% of the company’s stock.

About Dorian LPG

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 twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.