Dorian LPG (NYSE:LPG) Stock Bumped Down to "Buy" by Wall Street Zen

Key Points

• Wall Street Zen downgraded Dorian LPG from “strong buy” to “buy.” Analyst consensus remains “Buy,” with a consensus price target of $55.
• Dorian LPG reported quarterly EPS of $3.46, beating the $2.85 estimate, and revenue of $221.35 million, above forecasts and up 78.4% year over year.
• Company insiders sold 106,000 shares worth about $5.46 million over the past three months.

Dorian LPG (NYSE:LPG - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other research analysts have also recently issued reports about the company. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Dorian LPG in a research report on Tuesday, August 25th. Freedom Capital upgraded Dorian LPG from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $55.00.

Dorian LPG Trading Up 1.3%

Shares of NYSE LPG opened at $46.66 on Friday. 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 company has a 50-day moving average of $54.17 and a two-hundred day moving average of $42.44. The company has a market cap of $2.00 billion, a PE ratio of 7.49 and a beta of 0.64. Dorian LPG has a 1-year low of $23.76 and a 1-year high of $59.97.

Dorian LPG (NYSE:LPG - Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The shipping company reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.61. Dorian LPG had a net margin of 55.00% and a return on equity of 25.69%. The company had revenue of $221.35 million for the quarter, compared to analyst estimates of $195.18 million. During the same quarter in the previous year, the firm posted $1.31 earnings per share. The company's quarterly revenue was up 78.4% compared to the same quarter last year.

Insider Activity at Dorian LPG

In related news, COO Alexander C. Hadjipateras sold 5,000 shares of the stock in a transaction 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 completion of the transaction, the chief operating officer owned 95,836 shares in the company, valued at $5,187,602.68. This trade represents a 4.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Tim Hansen sold 50,000 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $53.12, for a total value of $2,656,000.00. Following the sale, the insider owned 107,675 shares in the company, valued at approximately $5,719,696. This trade represents a 31.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 106,000 shares of company stock valued at $5,455,849. 13.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LPG. Public Employees Retirement System of Ohio bought a new stake in shares of Dorian LPG during the second quarter worth $37,000. KBC Group NV acquired a new position in Dorian LPG during the first quarter valued at approximately $38,000. Allworth Financial LP lifted its stake in shares of Dorian LPG by 65.9% during the second quarter. Allworth Financial LP now owns 1,206 shares of the shipping company's stock valued at $42,000 after acquiring an additional 479 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of Dorian LPG by 80.3% during the 3rd quarter. Sterling Capital Management LLC now owns 941 shares of the shipping company's stock worth $52,000 after buying an additional 419 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new position in Dorian LPG during the second quarter worth $57,000. 62.50% of the stock is currently owned by institutional investors.

Dorian LPG Company Profile

Dorian LPG Ltd. NYSE: LPG is a maritime transportation company that owns and operates liquefied petroleum gas (LPG) carriers. The company primarily transports propane, butane and other LPG products for energy companies, commodity traders and other commercial customers under time-charter, voyage-charter and other contractual arrangements.

Dorian LPG's fleet is focused primarily on very large gas carriers (VLGCs), including modern, fuel-efficient vessels designed to transport LPG in large quantities over international trade routes.

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