Dorian LPG (LPG) Rating Increased to Buy at ValuEngine

Dorian LPG (NYSE:LPG) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, April 9th, ValuEngine reports.

A number of other equities analysts have also commented on LPG. Zacks Investment Research upgraded shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $7.25 price target on the stock in a research report on Wednesday, April 3rd. DNB Markets raised shares of Dorian LPG from a “hold” rating to a “buy” rating in a research note on Friday, February 8th.

Shares of Dorian LPG stock traded up $0.15 during trading on Tuesday, hitting $8.00. 224,054 shares of the company’s stock traded hands, compared to its average volume of 174,406. The firm has a market cap of $441.42 million, a P/E ratio of -12.90 and a beta of 0.98. Dorian LPG has a twelve month low of $5.26 and a twelve month high of $8.80. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.14 and a current ratio of 1.17.

Dorian LPG (NYSE:LPG) last released its quarterly earnings results on Monday, February 4th. The shipping company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.08. The firm had revenue of $55.11 million for the quarter, compared to analyst estimates of $47.29 million. Dorian LPG had a negative net margin of 23.65% and a negative return on equity of 4.35%. On average, equities analysts forecast that Dorian LPG will post -0.68 earnings per share for the current fiscal year.

In related news, CEO John C. Hadjipateras bought 20,000 shares of the company’s stock in a transaction on Friday, March 29th. The stock was bought at an average cost of $6.43 per share, with a total value of $128,600.00. Following the completion of the purchase, the chief executive officer now owns 1,924,678 shares in the company, valued at approximately $12,375,679.54. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Christina Tan purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were acquired at an average cost of $5.85 per share, with a total value of $29,250.00. Following the completion of the purchase, the director now owns 72,729 shares of the company’s stock, valued at $425,464.65. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 32,500 shares of company stock valued at $215,825. Insiders own 26.40% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of LPG. BlackRock Inc. raised its stake in shares of Dorian LPG by 0.4% during the third quarter. BlackRock Inc. now owns 1,755,254 shares of the shipping company’s stock worth $13,988,000 after buying an additional 6,691 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Dorian LPG by 5.8% during the third quarter. Dimensional Fund Advisors LP now owns 3,012,986 shares of the shipping company’s stock worth $24,013,000 after buying an additional 163,930 shares during the last quarter. Vanguard Group Inc raised its stake in shares of Dorian LPG by 1.0% during the third quarter. Vanguard Group Inc now owns 512,641 shares of the shipping company’s stock worth $4,086,000 after buying an additional 5,047 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Dorian LPG by 44.9% during the fourth quarter. Rhumbline Advisers now owns 39,109 shares of the shipping company’s stock worth $228,000 after buying an additional 12,121 shares during the last quarter. Finally, Private Management Group Inc. raised its stake in shares of Dorian LPG by 24.5% during the fourth quarter. Private Management Group Inc. now owns 556,182 shares of the shipping company’s stock worth $3,243,000 after buying an additional 109,390 shares during the last quarter. 55.26% of the stock is owned by institutional investors and hedge funds.

Dorian LPG Company Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates very large gas carriers (VLGCs). As of June 26, 2018, its fleet consisted of 22 VLGCs with carrying capacity of approximately 1.8 million cubic meters.

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