Dorian LPG (NYSE:LPG) Stock Rating Upgraded by Jefferies Financial Group

Key Points

• Jefferies Financial Group upgraded Dorian LPG to a strong-buy, but analysts remain mixed — MarketBeat shows a consensus rating of Hold with a $42 consensus target, and the stock opened Friday at $37.60, trading up about 2.7%.
• In the latest quarter the company reported $1.11 EPS (missing estimates by $0.06) while revenue rose 48.7% to $119.96 million, beating sales expectations and yielding a ~29.9% net margin.
• Insider activity included CFO Theodore B. Young selling 10,000 shares, insiders now own 13.6% of the stock, and institutional investors hold about 62.5%.

Dorian LPG (NYSE:LPG - Get Free Report) was upgraded by research analysts at Jefferies Financial Group to a "strong-buy" rating in a report released on Friday,Zacks.com reports.

A number of other equities research analysts have also commented on the stock. Wall Street Zen lowered shares of Dorian LPG from a "strong-buy" rating to a "buy" rating in a research note on Sunday, February 22nd. Dnb Carnegie lowered shares of Dorian LPG from a "hold" rating to a "strong sell" rating in a research note on Wednesday, March 11th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Dorian LPG in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $42.00.

Dorian LPG Trading Up 2.7%

NYSE:LPG opened at $37.60 on Friday. The firm's fifty day moving average is $34.53 and its 200-day moving average is $29.60. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.40 and a current ratio of 2.41. Dorian LPG has a 52 week low of $20.03 and a 52 week high of $38.40. The firm has a market cap of $1.61 billion, a P/E ratio of 13.24 and a beta of 0.59.

Dorian LPG (NYSE:LPG - Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The shipping company reported $1.11 EPS for the quarter, missing analysts' consensus estimates of $1.17 by ($0.06). Dorian LPG had a net margin of 29.88% and a return on equity of 11.82%. The firm had revenue of $119.96 million during the quarter, compared to the consensus estimate of $115.15 million. During the same period in the prior year, the company posted $0.43 earnings per share. The company's revenue for the quarter was up 48.7% compared to the same quarter last year.

Insider Activity at Dorian LPG

In other news, CFO Theodore B. Young sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $34.84, for a total transaction of $348,400.00. Following the completion of the sale, the chief financial officer owned 122,926 shares in the company, valued at $4,282,741.84. The trade was a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 13.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dorian LPG

Hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC increased its holdings in shares of Dorian LPG by 1,003.8% during the first quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company's stock valued at $32,000 after acquiring an additional 1,315 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Dorian LPG by 429.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company's stock valued at $40,000 after acquiring an additional 1,340 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Dorian LPG in the third quarter valued at $41,000. Sunbelt Securities Inc. bought a new position in shares of Dorian LPG in the third quarter valued at $41,000. Finally, Citizens National Bank Trust Department bought a new position in shares of Dorian LPG in the third quarter valued at $45,000. Institutional investors own 62.50% of the company's stock.

Dorian LPG Company Profile

Dorian LPG Ltd., incorporated in Bermuda and headquartered in Greenwich, Connecticut, is a leading owner and operator of modern very large gas carriers (VLGCs). The company specializes in the maritime transportation of liquefied petroleum gas (LPG), primarily propane and butane, for energy producers, commodity traders and trading houses around the world.

Dorian LPG's fleet comprises over 30 state-of-the-art VLGCs, each designed for fuel efficiency and environmental performance. These vessels operate under medium- and long-term time charter agreements, providing predictable employment and supporting a stable charter revenue profile through contracts with major international energy companies.

The company serves global energy markets by transporting LPG cargoes along major trade routes linking production centers in the Middle East, U.S.

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