Dorian LPG (NYSE:LPG) Trading Up 4.8% - Time to Buy?

Dorian LPG Ltd. (NYSE:LPG - Get Free Report) shares rose 4.8% during mid-day trading on Friday . The company traded as high as $22.08 and last traded at $21.99. Approximately 166,974 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 713,410 shares. The stock had previously closed at $20.98.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Pareto Securities raised Dorian LPG to a "buy" rating in a research note on Tuesday, February 4th. Jefferies Financial Group restated a "buy" rating and set a $35.00 target price on shares of Dorian LPG in a report on Friday, January 31st.

Dorian LPG Stock Down 1.3 %

The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.95 and a current ratio of 3.97. The firm has a market cap of $916.43 million, a price-to-earnings ratio of 5.45 and a beta of 0.67. The business's 50-day moving average is $20.94 and its 200-day moving average is $24.08.

Dorian LPG (NYSE:LPG - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The shipping company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.08. Dorian LPG had a net margin of 38.51% and a return on equity of 15.14%. During the same quarter last year, the company posted $2.62 EPS. On average, equities analysts predict that Dorian LPG Ltd. will post 2.6 EPS for the current year.

Insiders Place Their Bets

In other news, CEO John C. Hadjipateras acquired 12,500 shares of the stock in a transaction that occurred on Tuesday, April 8th. The stock was purchased at an average cost of $17.75 per share, for a total transaction of $221,875.00. Following the completion of the transaction, the chief executive officer now directly owns 1,824,386 shares in the company, valued at $32,382,851.50. This trade represents a 0.69 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 13.40% of the company's stock.

Institutional Investors Weigh In On Dorian LPG

Several institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. raised its position in shares of Dorian LPG by 20.8% during the 4th quarter. Pacer Advisors Inc. now owns 4,127,317 shares of the shipping company's stock valued at $100,583,000 after acquiring an additional 711,313 shares during the last quarter. American Century Companies Inc. boosted its holdings in Dorian LPG by 11.0% during the fourth quarter. American Century Companies Inc. now owns 1,352,071 shares of the shipping company's stock worth $32,950,000 after buying an additional 134,289 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Dorian LPG by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 1,001,189 shares of the shipping company's stock worth $24,404,000 after buying an additional 36,967 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Dorian LPG by 11.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 524,339 shares of the shipping company's stock valued at $12,778,000 after acquiring an additional 52,571 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its position in shares of Dorian LPG by 2.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 449,109 shares of the shipping company's stock valued at $10,945,000 after acquiring an additional 11,550 shares during the period. Institutional investors and hedge funds own 62.50% of the company's stock.

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.