Shares of Dorian LPG Ltd. (NYSE:LPG – Get Free Report) have been assigned an average rating of “Buy” from the five brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $55.00.
Several equities research analysts have recently issued reports on LPG shares. Wall Street Zen downgraded shares of Dorian LPG from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 26th. Freedom Capital upgraded shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Dorian LPG in a report on Tuesday, August 25th.
Read Our Latest Research Report on Dorian LPG
Dorian LPG Stock Down 0.2%
Dorian LPG (NYSE:LPG – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The shipping company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.40. Dorian LPG had a return on equity of 25.69% and a net margin of 55.00%. The business had revenue of $187.88 million for the quarter, compared to analyst estimates of $160.78 million. During the same period in the previous year, the company posted $0.27 earnings per share. The firm’s revenue for the quarter was up 123.1% on a year-over-year basis.
Insider Transactions at Dorian LPG
In other news, COO Alexander Hadjipateras sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $54.13, for a total transaction of $270,650.00. Following the transaction, the chief operating officer owned 95,836 shares in the company, valued at approximately $5,187,602.68. The trade was a 4.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Tim Hansen sold 50,000 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $53.12, for a total transaction of $2,656,000.00. Following the transaction, the insider directly owned 107,675 shares of the company’s stock, valued at $5,719,696. This represents a 31.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 106,000 shares of company stock worth $5,455,849. 13.50% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Dorian LPG
A number of institutional investors have recently added to or reduced their stakes in LPG. Dimensional Fund Advisors LP lifted its stake in Dorian LPG by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,549,771 shares of the shipping company’s stock worth $87,199,000 after purchasing an additional 73,754 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Dorian LPG in the first quarter valued at about $11,929,000. Allspring Global Investments Holdings LLC lifted its position in shares of Dorian LPG by 227.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 215,568 shares of the shipping company’s stock worth $7,247,000 after purchasing an additional 149,787 shares in the last quarter. Empowered Funds LLC boosted its position in Dorian LPG by 117.5% in the 1st quarter. Empowered Funds LLC now owns 197,030 shares of the shipping company’s stock valued at $6,738,000 after buying an additional 106,428 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its stake in shares of Dorian LPG by 2,540.0% during the first quarter. Pacer Advisors Inc. now owns 190,446 shares of the shipping company’s stock valued at $6,513,000 after acquiring an additional 183,232 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.
Dorian LPG Company Profile
Dorian LPG Ltd. is a maritime transportation company that owns and operates liquefied petroleum gas (LPG) carriers. The company primarily transports propane, butane and other liquefied gases for energy producers, commodity traders and industrial customers under voyage, time-charter and pool arrangements.
Dorian LPG focuses on very large gas carriers (VLGCs), which are designed to transport LPG in large quantities over international routes. Its vessels serve global energy markets, including major LPG export regions such as the United States and the Middle East and import markets in Asia, Europe and other regions.
Founded in 2013, Dorian LPG is headquartered in Stamford, Connecticut, and its shares trade on the New York Stock Exchange under the symbol LPG.
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