Dorian LPG (NYSE:LPG) Upgraded by DNB Markets to “Buy”

Dorian LPG (NYSE:LPG) was upgraded by stock analysts at DNB Markets from a “hold” rating to a “buy” rating in a report issued on Wednesday, Briefing.com reports. The firm currently has a $52.00 price target on the shipping company’s stock. DNB Markets’ target price would suggest a potential upside of 23.57% from the company’s current price.

Several other analysts also recently commented on the company. Jefferies Financial Group raised their target price on Dorian LPG from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. StockNews.com downgraded Dorian LPG from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd.

Dorian LPG Stock Performance

Shares of Dorian LPG stock opened at $42.08 on Wednesday. The company has a current ratio of 3.62, a quick ratio of 3.60 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average price of $44.04 and a two-hundred day moving average price of $41.16. Dorian LPG has a 1-year low of $24.17 and a 1-year high of $51.66. The company has a market cap of $1.71 billion, a P/E ratio of 5.54 and a beta of 0.97.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings results on Wednesday, May 22nd. The shipping company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. Dorian LPG had a return on equity of 32.22% and a net margin of 54.83%. The firm had revenue of $141.40 million during the quarter, compared to the consensus estimate of $144.25 million. During the same period last year, the business posted $1.94 EPS. The business’s revenue was up 5.8% compared to the same quarter last year. As a group, analysts anticipate that Dorian LPG will post 6.07 EPS for the current year.

Hedge Funds Weigh In On Dorian LPG

Several large investors have recently added to or reduced their stakes in the business. Saxony Capital Management LLC lifted its position in Dorian LPG by 5.9% in the 1st quarter. Saxony Capital Management LLC now owns 5,572 shares of the shipping company’s stock valued at $214,000 after acquiring an additional 309 shares in the last quarter. Texas Permanent School Fund Corp boosted its stake in shares of Dorian LPG by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 29,842 shares of the shipping company’s stock worth $1,148,000 after buying an additional 375 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Dorian LPG by 26.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,821 shares of the shipping company’s stock worth $80,000 after buying an additional 379 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of Dorian LPG by 4.4% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 9,301 shares of the shipping company’s stock worth $408,000 after buying an additional 391 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Dorian LPG by 60.3% in the 2nd quarter. GAMMA Investing LLC now owns 1,050 shares of the shipping company’s stock worth $44,000 after buying an additional 395 shares during the last quarter. Institutional investors 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.