Dorian LPG (NYSE:LPG) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Dorian LPG from “buy” to “strong-buy.” The stock has an overall “Buy” consensus rating, with an average price target of $55.00.
• Dorian LPG reported strong quarterly results, earning $2.52 per share versus the $2.12 consensus estimate and generating $187.88 million in revenue, up 123.1% year over year.
• Shares opened at $54.10, near the average analyst price target, while company insiders sold 106,000 shares worth approximately $5.46 million over the past 90 days.

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

LPG has been the subject of several other reports. Weiss Ratings reissued a "buy (b-)" rating on shares of Dorian LPG in a research note on Tuesday, August 25th. Freedom Capital upgraded shares of Dorian LPG from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $55.00.

Dorian LPG Price Performance

Shares of NYSE:LPG opened at $54.10 on Friday. The company's fifty day moving average is $53.86 and its two-hundred day moving average is $45.32. The company has a quick ratio of 3.24, a current ratio of 3.26 and a debt-to-equity ratio of 0.28. Dorian LPG has a 12-month low of $23.76 and a 12-month high of $59.97. The company has a market cap of $2.31 billion, a P/E ratio of 7.17 and a beta of 0.57.

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

Insider Activity

In other news, insider Tim Hansen sold 50,000 shares of the business's stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $53.12, for a total value of $2,656,000.00. Following the completion of the sale, the insider directly owned 107,675 shares in the company, valued at approximately $5,719,696. The trade was a 31.71% 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 hyperlink. Also, CFO Theodore Young sold 11,919 shares of the business's stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $54.50, for a total transaction of $649,585.50. Following the completion of the sale, the chief financial officer owned 107,794 shares of the company's stock, valued at $5,874,773. The trade was a 9.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 106,000 shares of company stock valued at $5,455,849 over the last 90 days. 13.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new stake in Dorian LPG during the second quarter valued at about $37,000. KBC Group NV acquired a new stake in shares of Dorian LPG in the first quarter valued at about $38,000. Allworth Financial LP increased its stake in shares of Dorian LPG by 65.9% in the second quarter. Allworth Financial LP now owns 1,206 shares of the shipping company's stock worth $42,000 after purchasing an additional 479 shares during the period. Sterling Capital Management LLC increased its stake in shares of Dorian LPG by 80.3% in the third quarter. Sterling Capital Management LLC now owns 941 shares of the shipping company's stock worth $52,000 after purchasing an additional 419 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Dorian LPG in the second quarter worth about $57,000. Institutional investors own 62.50% of the company's stock.

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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