Dorian LPG (NYSE:LPG) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Dorian LPG from “strong buy” to “buy,” while analysts overall maintain a “buy” consensus with an average price target of $55.
• Dorian LPG reported strong quarterly results, posting $2.52 in EPS versus the $2.12 estimate and $187.88 million in revenue, up 123.1% year over year.
• The stock opened at $53.53, near its 12-month high of $59.97, while insiders sold 126,000 shares worth approximately $6.16 million over the past 90 days.

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.

Several other research analysts have also recently commented on LPG. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Dorian LPG in a research report on Tuesday, August 25th. Freedom Capital raised shares of Dorian LPG from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $55.00.

Dorian LPG Stock Down 1.0%

LPG stock opened at $53.53 on Friday. Dorian LPG has a twelve month low of $23.76 and a twelve month high of $59.97. The company has a quick ratio of 3.24, a current ratio of 3.26 and a debt-to-equity ratio of 0.28. The company has a market cap of $2.29 billion, a PE ratio of 7.09 and a beta of 0.61. The business's 50-day simple moving average is $49.71 and its 200 day simple moving average is $42.21.

Dorian LPG (NYSE:LPG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The shipping company reported $2.52 EPS for the quarter, beating the consensus estimate of $2.12 by $0.40. Dorian LPG had a return on equity of 25.69% and a net margin of 55.00%.The firm had revenue of $187.88 million during the quarter, compared to analysts' expectations of $160.78 million. During the same quarter in the prior year, the firm posted $0.27 EPS. The company's revenue for the quarter was up 123.1% on a year-over-year basis.

Insider Transactions at Dorian LPG

In related news, insider Tim Hansen sold 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $53.12, for a total transaction of $2,656,000.00. Following the completion of the transaction, the insider owned 107,675 shares in the company, valued at $5,719,696. This trade represents a 31.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Theodore Young sold 11,919 shares of the business's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $54.50, for a total value of $649,585.50. Following the completion of the sale, the chief financial officer directly owned 107,794 shares in the company, valued at approximately $5,874,773. This represents a 9.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 126,000 shares of company stock valued at $6,163,449. Corporate insiders own 13.50% of the company's stock.

Institutional Investors Weigh In On Dorian LPG

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Dorian LPG by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,549,771 shares of the shipping company's stock worth $87,199,000 after purchasing an additional 73,754 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Dorian LPG in the first quarter valued at about $11,929,000. Allspring Global Investments Holdings LLC grew its stake in Dorian LPG by 227.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 215,568 shares of the shipping company's stock worth $7,247,000 after buying an additional 149,787 shares during the last quarter. Empowered Funds LLC grew its stake in Dorian LPG by 117.5% during the first quarter. Empowered Funds LLC now owns 197,030 shares of the shipping company's stock worth $6,738,000 after buying an additional 106,428 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in shares of Dorian LPG by 2,540.0% during the first quarter. Pacer Advisors Inc. now owns 190,446 shares of the shipping company's stock worth $6,513,000 after buying an additional 183,232 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

About Dorian LPG

Dorian LPG Ltd. NYSE: LPG is a maritime transportation company that owns and operates very large gas carriers (VLGCs). The company primarily transports liquefied petroleum gas (LPG), including propane and butane, for energy producers, commodity traders and other customers in international markets.

Dorian LPG's fleet is designed for the ocean transportation of LPG between major exporting and importing regions. Its vessels support global trade routes linking LPG-producing areas, including the United States and the Middle East, with demand centers in Asia, Europe and other regions.

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