Jefferies Financial Group Issues Positive Forecast for Dorian LPG (NYSE:LPG) Stock Price

Dorian LPG (NYSE:LPG - Free Report) had its price target raised by Jefferies Financial Group from $33.00 to $35.00 in a research report report published on Friday,Benzinga reports. The firm currently has a buy rating on the shipping company's stock.

Separately, Wall Street Zen raised Dorian LPG from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st.

Dorian LPG Trading Up 4.4%

LPG stock traded up $1.21 during trading on Friday, hitting $28.94. 1,110,465 shares of the company traded hands, compared to its average volume of 706,256. Dorian LPG has a 1 year low of $16.66 and a 1 year high of $42.38. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.52 and a current ratio of 3.54. The company has a 50-day moving average of $23.64 and a 200-day moving average of $22.88. The firm has a market capitalization of $1.24 billion, a PE ratio of 13.40 and a beta of 0.77.

Dorian LPG (NYSE:LPG - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The shipping company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.08. Dorian LPG had a return on equity of 8.88% and a net margin of 25.52%. The business had revenue of $75.89 million during the quarter, compared to analysts' expectations of $79.04 million. During the same quarter last year, the business posted $1.91 EPS. The business's revenue was down 46.3% on a year-over-year basis. Analysts predict that Dorian LPG will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a dividend yield of 13.5%.

Hedge Funds Weigh In On Dorian LPG

A number of institutional investors and hedge funds have recently modified their holdings of LPG. NewEdge Advisors LLC boosted its stake in shares of Dorian LPG by 1,003.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company's stock worth $32,000 after buying an additional 1,315 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Dorian LPG in the 4th quarter worth $37,000. Brooklyn Investment Group boosted its stake in shares of Dorian LPG by 2,087.8% in the 1st quarter. Brooklyn Investment Group now owns 1,969 shares of the shipping company's stock worth $44,000 after buying an additional 1,879 shares during the last quarter. Picton Mahoney Asset Management boosted its stake in shares of Dorian LPG by 6,275.0% in the 1st quarter. Picton Mahoney Asset Management now owns 2,040 shares of the shipping company's stock worth $46,000 after buying an additional 2,008 shares during the last quarter. Finally, Quarry LP boosted its stake in shares of Dorian LPG by 155.3% in the 4th quarter. Quarry LP now owns 2,035 shares of the shipping company's stock worth $50,000 after buying an additional 1,238 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other 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.