Dorian LPG (NYSE:LPG) Downgraded by StockNews.com to Hold

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

Several other research firms also recently commented on LPG. Jefferies Financial Group reiterated a buy rating and issued a $50.00 price target on shares of Dorian LPG in a research report on Thursday, February 1st. DNB Markets cut 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 stock. According to MarketBeat.com, Dorian LPG currently has an average rating of Moderate Buy and a consensus price target of $40.25.

Dorian LPG Trading Up 0.6 %

Shares of Dorian LPG stock opened at $42.89 on Thursday. The company has a fifty day simple moving average of $38.76 and a 200-day simple moving average of $39.05. Dorian LPG has a 12-month low of $21.07 and a 12-month high of $49.54. The company has a current ratio of 3.31, a quick ratio of 3.29 and a debt-to-equity ratio of 0.57. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 5.70 and a beta of 1.08.

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

Dorian LPG Dividend Announcement

The company also recently declared a None dividend, which will be paid on Thursday, May 30th. Stockholders of record on Wednesday, May 8th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, May 7th. Dorian LPG’s dividend payout ratio (DPR) is 26.56%.

Hedge Funds Weigh In On Dorian LPG

A number of large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in shares of Dorian LPG by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,272,479 shares of the shipping company’s stock valued at $143,565,000 after purchasing an additional 39,479 shares during the period. Vanguard Group Inc. lifted its position in shares of Dorian LPG by 13.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,479,325 shares of the shipping company’s stock valued at $42,501,000 after acquiring an additional 180,246 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Dorian LPG by 45.0% during the 4th quarter. Pacer Advisors Inc. now owns 1,342,303 shares of the shipping company’s stock worth $58,887,000 after acquiring an additional 416,809 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Dorian LPG by 10.5% in the 3rd quarter. Invesco Ltd. now owns 798,371 shares of the shipping company’s stock worth $22,937,000 after acquiring an additional 75,584 shares during the period. Finally, American Century Companies Inc. increased its stake in Dorian LPG by 12.9% in the 3rd quarter. American Century Companies Inc. now owns 521,274 shares of the shipping company’s stock valued at $14,976,000 after purchasing an additional 59,580 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

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.