Dorian LPG's (LPG) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• Dorian LPG's stock rating has been reaffirmed as a "Hold (C)" by Weiss Ratings, following recent commentary from other research firms.
• The company reported a quarterly EPS of $0.27, missing analysts' expectations, and saw a revenue decline of 26.3% compared to the previous year.
• Insider transactions revealed that COO Alexander C. Hadjipateras sold 5,000 shares of the stock, decreasing his ownership stake by 5.29%.

Dorian LPG (NYSE:LPG - Get Free Report)'s stock had its "hold (c)" rating reiterated by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other research firms also recently commented on LPG. Zacks Research downgraded Dorian LPG from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 9th. Jefferies Financial Group increased their price target on Dorian LPG from $33.00 to $35.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $35.00.

Dorian LPG Price Performance

NYSE LPG remained flat at $27.53 on Wednesday. The company had a trading volume of 403,329 shares, compared to its average volume of 502,176. The company has a 50 day moving average of $30.70 and a 200 day moving average of $25.95. The company has a market capitalization of $1.17 billion, a PE ratio of 23.94 and a beta of 0.77. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.30 and a current ratio of 3.32. Dorian LPG has a fifty-two week low of $16.66 and a fifty-two week high of $35.37.

Dorian LPG (NYSE:LPG - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The shipping company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($0.34). The company had revenue of $84.21 million during the quarter, compared to the consensus estimate of $86.53 million. Dorian LPG had a net margin of 15.15% and a return on equity of 5.24%. The company's revenue for the quarter was down 26.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.26 EPS. As a group, analysts forecast that Dorian LPG will post 2.6 EPS for the current year.

Insider Buying and Selling

In related news, COO Alexander C. Hadjipateras sold 5,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief operating officer directly owned 89,440 shares of the company's stock, valued at approximately $2,896,067.20. This represents a 5.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 13.60% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Opal Wealth Advisors LLC acquired a new position in Dorian LPG during the second quarter valued at approximately $29,000. Evermay Wealth Management LLC acquired a new position in Dorian LPG during the second quarter valued at approximately $32,000. NewEdge Advisors LLC boosted its position in 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 purchasing an additional 1,315 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in 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 purchasing an additional 1,340 shares during the last quarter. Finally, Brooklyn Investment Group lifted its position in shares of Dorian LPG by 2,087.8% in the first quarter. Brooklyn Investment Group now owns 1,969 shares of the shipping company's stock valued at $44,000 after buying an additional 1,879 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

About Dorian LPG

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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