Dorian LPG (NYSE:LPG – Get Free Report) was upgraded by investment analysts at Freedom Capital from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.
Other analysts have also issued research reports about the company. Dnb Carnegie upgraded Dorian LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Pareto Securities reiterated a “buy” rating on shares of Dorian LPG in a research note on Thursday, May 21st. Weiss Ratings upgraded Dorian LPG from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Wall Street Zen raised Dorian LPG from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Finally, Jefferies Financial Group increased their price target on Dorian LPG from $42.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.
View Our Latest Stock Report on LPG
Dorian LPG Stock Up 2.6%
Dorian LPG (NYSE:LPG – Get Free Report) last issued its earnings results on Wednesday, August 5th. The shipping company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.40. Dorian LPG had a net margin of 55.00% and a return on equity of 25.69%. The company had revenue of $187.88 million for the quarter, compared to analysts’ expectations of $160.78 million. During the same period in the prior year, the firm earned $0.27 EPS. Dorian LPG’s quarterly revenue was up 123.1% compared to the same quarter last year.
Insider Buying and Selling
In related news, insider Tim Truels Hansen sold 20,000 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $35.38, for a total value of $707,600.00. Following the completion of the sale, the insider directly owned 157,842 shares in the company, valued at $5,584,449.96. The trade was a 11.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ted Kalborg sold 15,373 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $45.06, for a total value of $692,707.38. Following the completion of the sale, the director owned 66,348 shares of the company’s stock, valued at $2,989,640.88. This trade represents a 18.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 13.50% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Dorian LPG
Hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Dorian LPG by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,603 shares of the shipping company’s stock valued at $483,000 after acquiring an additional 914 shares in the last quarter. NewEdge Advisors LLC raised its stake in Dorian LPG by 1,003.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock worth $32,000 after purchasing an additional 1,315 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Dorian LPG by 50.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 178,039 shares of the shipping company’s stock worth $3,977,000 after purchasing an additional 59,311 shares in the last quarter. Jane Street Group LLC boosted its holdings in Dorian LPG by 130.6% in the 1st quarter. Jane Street Group LLC now owns 133,850 shares of the shipping company’s stock valued at $2,990,000 after purchasing an additional 75,818 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in Dorian LPG by 12.7% in the 2nd quarter. Cetera Investment Advisers now owns 13,613 shares of the shipping company’s stock valued at $332,000 after purchasing an additional 1,539 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.
About Dorian LPG
Dorian LPG Ltd., incorporated in Bermuda and headquartered in Greenwich, Connecticut, is a leading owner and operator of modern very large gas carriers (VLGCs). The company specializes in the maritime transportation of liquefied petroleum gas (LPG), primarily propane and butane, for energy producers, commodity traders and trading houses around the world.
Dorian LPG’s fleet comprises over 30 state-of-the-art VLGCs, each designed for fuel efficiency and environmental performance. These vessels operate under medium- and long-term time charter agreements, providing predictable employment and supporting a stable charter revenue profile through contracts with major international energy companies.
The company serves global energy markets by transporting LPG cargoes along major trade routes linking production centers in the Middle East, U.S.
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