Jefferies Financial Group Increases Dorian LPG (NYSE:LPG) Price Target to $50.00

Dorian LPG (NYSE:LPG) had its target price raised by investment analysts at Jefferies Financial Group from $46.00 to $50.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the shipping company’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 8.60% from the stock’s current price.

LPG has been the topic of a number of other research reports. StockNews.com cut shares of Dorian LPG from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. DNB Markets cut shares of Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 price target on the stock. in a research report on Friday, January 26th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $40.25.

Dorian LPG Price Performance

LPG stock opened at $46.04 on Wednesday. The stock has a market capitalization of $1.87 billion, a PE ratio of 6.11 and a beta of 1.07. The company’s 50-day moving average is $40.92 and its 200-day moving average is $40.26. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.31 and a quick ratio of 3.29. Dorian LPG has a 1 year low of $22.44 and a 1 year high of $49.54.

Dorian LPG (NYSE:LPG) last released its quarterly earnings data on Wednesday, May 22nd. The shipping company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. The company had revenue of $141.40 million for the quarter, compared to analysts’ expectations of $144.25 million. Dorian LPG had a net margin of 55.02% and a return on equity of 33.59%. The business’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.94 EPS. Equities research analysts expect that Dorian LPG will post 7.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Beacon Capital Management LLC purchased a new position in Dorian LPG in the 1st quarter valued at approximately $27,000. Tidal Investments LLC boosted its holdings in Dorian LPG by 18.4% in the 1st quarter. Tidal Investments LLC now owns 18,847 shares of the shipping company’s stock valued at $725,000 after purchasing an additional 2,929 shares during the period. Paloma Partners Management Co bought a new position in Dorian LPG in the 1st quarter valued at $662,000. Price T Rowe Associates Inc. MD boosted its holdings in Dorian LPG by 844.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 224,958 shares of the shipping company’s stock valued at $8,653,000 after purchasing an additional 201,134 shares during the period. Finally, PEAK6 Investments LLC bought a new position in Dorian LPG in the 1st quarter valued at $6,851,000. 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 (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.