Dorian LPG (NYSE:LPG) Earns Hold (C) Rating from Weiss Ratings

Key Points

• Dorian LPG's stock has been given a "hold (C)" rating by Weiss Ratings, while other analysts have mixed opinions, leading to a consensus rating of "Moderate Buy" with a target price of $35.00.
• The company's recent quarterly earnings reported an EPS of $0.27, missing estimates of $0.61, and revenue decreased by 26.3% year-over-year, amounting to $84.21 million.
• Insider trading activity includes COO Alexander C. Hadjipateras selling 5,000 shares at an average price of $32.38, resulting in a 5.29% reduction of his holdings.

Dorian LPG (NYSE:LPG - Get Free Report)'s stock had its "hold (c)" rating reiterated by investment analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group upped their price target on Dorian LPG from $33.00 to $35.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Zacks Research cut Dorian LPG from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 9th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $35.00.

Dorian LPG Stock Down 2.1%

Shares of NYSE LPG opened at $27.62 on Friday. Dorian LPG has a one year low of $16.66 and a one year high of $32.79. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.32 and a quick ratio of 3.30. The business's fifty day moving average price is $29.99 and its 200-day moving average price is $26.42. The stock has a market capitalization of $1.18 billion, a PE ratio of 24.02 and a beta of 0.77.

Dorian LPG (NYSE:LPG - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The shipping company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($0.34). Dorian LPG had a net margin of 15.15% and a return on equity of 5.24%. The firm had revenue of $84.21 million for the quarter, compared to analysts' expectations of $86.53 million. During the same period in the prior year, the company earned $1.26 EPS. The firm's quarterly revenue was down 26.3% on a year-over-year basis. On average, equities research analysts anticipate that Dorian LPG will post 2.6 EPS for the current year.

Insider Activity

In related news, COO Alexander C. Hadjipateras sold 5,000 shares of the business's stock in a transaction on Tuesday, September 16th. The stock was 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 in the company, valued at approximately $2,896,067.20. The trade was a 5.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 13.60% of the company's stock.

Institutional Trading of Dorian LPG

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Citizens National Bank Trust Department bought a new stake in shares of Dorian LPG during the 3rd quarter valued at $45,000. SG Americas Securities LLC bought a new position in Dorian LPG in the 3rd quarter worth about $506,000. KLP Kapitalforvaltning AS increased its stake in Dorian LPG by 9.8% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 20,230 shares of the shipping company's stock worth $603,000 after acquiring an additional 1,800 shares during the last quarter. CoreCap Advisors LLC bought a new position in Dorian LPG in the 3rd quarter worth about $82,000. Finally, CWM LLC increased its stake in Dorian LPG by 16.3% in the 3rd quarter. CWM LLC now owns 28,668 shares of the shipping company's stock worth $854,000 after acquiring an additional 4,015 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

Dorian LPG Company Profile

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.

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