Dorian LPG (NYSE:LPG) Lowered to “Hold” at StockNews.com

StockNews.com cut shares of Dorian LPG (NYSE:LPG) from a buy rating to a hold rating in a research note released on Thursday morning.

A number of other analysts have also recently commented on LPG. DNB Markets cut shares of Dorian LPG from a buy rating to a hold rating and set a $44.00 target price for the company. in a research note on Friday, January 26th. Jefferies Financial Group reiterated a buy rating and set a $50.00 price objective on shares of Dorian LPG in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $40.25.

Dorian LPG Stock Up 0.6 %

Dorian LPG stock opened at $42.89 on Thursday. Dorian LPG has a 1-year low of $21.07 and a 1-year high of $49.54. The business has a fifty day moving average price of $38.90 and a 200-day moving average price of $39.25. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.31 and a quick ratio of 3.29. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 5.70 and a beta of 1.08.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings results on Thursday, February 1st. The shipping company reported $2.62 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.35. Dorian LPG had a return on equity of 33.59% and a net margin of 55.02%. The business had revenue of $163.06 million during the quarter, compared to the consensus estimate of $154.49 million. During the same quarter last year, the company earned $1.29 earnings per share. Equities research analysts forecast that Dorian LPG will post 7.49 EPS for the current fiscal year.

Dorian LPG Announces Dividend

The company also recently announced a None dividend, which will be paid on Thursday, May 30th. Investors of record on Wednesday, May 8th will be given a $1.00 dividend. The ex-dividend date is Tuesday, May 7th. Dorian LPG’s dividend payout ratio is currently 26.56%.

Institutional Trading of Dorian LPG

A number of hedge funds and other institutional investors have recently made changes to their positions in LPG. Pacer Advisors Inc. lifted its position in Dorian LPG by 45.0% during the fourth quarter. Pacer Advisors Inc. now owns 1,342,303 shares of the shipping company’s stock valued at $58,887,000 after purchasing an additional 416,809 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Dorian LPG by 13.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,479,325 shares of the shipping company’s stock valued at $42,501,000 after buying an additional 180,246 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Dorian LPG by 63.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 417,493 shares of the shipping company’s stock valued at $11,995,000 after buying an additional 162,663 shares during the period. Penserra Capital Management LLC boosted its stake in shares of Dorian LPG by 1,249.9% in the third quarter. Penserra Capital Management LLC now owns 120,738 shares of the shipping company’s stock worth $3,468,000 after buying an additional 111,794 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in Dorian LPG by 149.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 170,187 shares of the shipping company’s stock worth $7,466,000 after acquiring an additional 101,840 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

About Dorian LPG

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 twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.