Dorian LPG (NYSE:LPG – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
Several other equities research analysts have also recently weighed in on the stock. DNB Markets cut shares of Dorian LPG from a “buy” rating to a “hold” rating and set a $26.90 price objective for the company. in a research report on Monday, July 10th. Jefferies Financial Group downgraded Dorian LPG from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a research note on Thursday, August 3rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Dorian LPG presently has an average rating of “Hold” and a consensus target price of $26.98.
Dorian LPG Price Performance
LPG traded up $1.25 on Friday, hitting $29.39. 1,086,108 shares of the stock were exchanged, compared to its average volume of 626,042. Dorian LPG has a 12 month low of $12.90 and a 12 month high of $30.09. The business has a 50-day moving average of $26.89 and a two-hundred day moving average of $24.13. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.50 and a quick ratio of 2.47. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 5.94 and a beta of 1.17.
Dorian LPG (NYSE:LPG – Get Free Report) last posted its quarterly earnings data on Wednesday, August 2nd. The shipping company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.43). Dorian LPG had a return on equity of 22.93% and a net margin of 46.96%. The firm had revenue of $111.56 million for the quarter. During the same period last year, the company earned $0.56 earnings per share. Sell-side analysts forecast that Dorian LPG will post 4.25 EPS for the current fiscal year.
Insiders Place Their Bets
In other Dorian LPG news, Director Thomas Jason Coleman sold 17,000 shares of the business’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $24.60, for a total transaction of $418,200.00. Following the completion of the transaction, the director now owns 298,000 shares of the company’s stock, valued at $7,330,800. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Thomas Jason Coleman sold 17,000 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $24.60, for a total value of $418,200.00. Following the completion of the transaction, the director now owns 298,000 shares of the company’s stock, valued at $7,330,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Theodore B. Young sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $26.00, for a total value of $78,000.00. Following the completion of the transaction, the chief financial officer now directly owns 87,805 shares of the company’s stock, valued at approximately $2,282,930. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 261,700 shares of company stock valued at $7,160,748. 15.90% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in Dorian LPG by 8.2% in the third quarter. BlackRock Inc. now owns 5,263,675 shares of the shipping company’s stock valued at $71,427,000 after acquiring an additional 400,804 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Dorian LPG by 11.8% in the first quarter. Dimensional Fund Advisors LP now owns 3,240,874 shares of the shipping company’s stock valued at $64,622,000 after acquiring an additional 341,453 shares during the last quarter. State Street Corp boosted its holdings in Dorian LPG by 8.7% in the first quarter. State Street Corp now owns 1,313,316 shares of the shipping company’s stock valued at $26,188,000 after acquiring an additional 105,059 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Dorian LPG by 4.9% in the third quarter. Vanguard Group Inc. now owns 1,006,993 shares of the shipping company’s stock valued at $13,665,000 after acquiring an additional 46,925 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Dorian LPG by 32.6% in the first quarter. JPMorgan Chase & Co. now owns 799,380 shares of the shipping company’s stock valued at $11,583,000 after acquiring an additional 196,749 shares during the last quarter. Institutional investors and hedge funds own 64.01% of the company’s stock.
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.