Dorian LPG (NYSE:LPG) Given “Buy” Rating at Jefferies Financial Group

Dorian LPG (NYSE:LPG)‘s stock had its “buy” rating reiterated by research analysts at Jefferies Financial Group in a report released on Friday,Benzinga reports. They currently have a $35.00 target price on the shipping company’s stock. Jefferies Financial Group’s target price points to a potential upside of 46.58% from the company’s current price.

Dorian LPG Stock Down 5.9 %

Shares of LPG traded down $1.49 during mid-day trading on Friday, reaching $23.88. The company had a trading volume of 739,725 shares, compared to its average volume of 729,969. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.20 and a current ratio of 4.22. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 4.04 and a beta of 0.93. The firm has a 50-day moving average price of $24.42 and a 200 day moving average price of $31.07. Dorian LPG has a 52 week low of $22.46 and a 52 week high of $51.66.

Dorian LPG (NYSE:LPG) last released its earnings results on Friday, January 31st. The shipping company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. Dorian LPG had a return on equity of 23.75% and a net margin of 47.87%. During the same period in the previous year, the company earned $2.62 EPS. On average, sell-side analysts forecast that Dorian LPG will post 2.84 EPS for the current year.

Institutional Investors Weigh In On Dorian LPG

A number of hedge funds have recently added to or reduced their stakes in LPG. Charles Schwab Investment Management Inc. lifted its stake in shares of Dorian LPG by 7.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 471,768 shares of the shipping company’s stock valued at $16,238,000 after buying an additional 34,344 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Dorian LPG by 14.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 197,574 shares of the shipping company’s stock valued at $6,800,000 after buying an additional 25,343 shares in the last quarter. Cynosure Group LLC raised its position in shares of Dorian LPG by 248.0% during the third quarter. Cynosure Group LLC now owns 31,655 shares of the shipping company’s stock valued at $1,090,000 after buying an additional 22,560 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Dorian LPG by 52.2% in the third quarter. Empowered Funds LLC now owns 290,445 shares of the shipping company’s stock worth $9,997,000 after buying an additional 99,650 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Dorian LPG during the third quarter worth $2,238,000. 62.50% of the stock is currently 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 through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.