Dorian LPG (NYSE:LPG) Downgraded to Hold Rating by Freedom Capital

Dorian LPG (NYSE:LPGGet Free Report) was downgraded by analysts at Freedom Capital from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dorian LPG in a research note on Wednesday, April 22nd. Dnb Carnegie raised shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Jefferies Financial Group increased their price target on shares of Dorian LPG from $42.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday. Wall Street Zen raised shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Pareto Securities reaffirmed a “buy” rating on shares of Dorian LPG in a research note on Thursday. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Dorian LPG currently has a consensus rating of “Hold” and an average target price of $55.00.

Check Out Our Latest Research Report on LPG

Dorian LPG Stock Performance

NYSE:LPG opened at $46.49 on Friday. The company has a quick ratio of 2.40, a current ratio of 2.67 and a debt-to-equity ratio of 0.40. The company has a market cap of $1.99 billion, a P/E ratio of 10.22 and a beta of 0.63. Dorian LPG has a fifty-two week low of $20.08 and a fifty-two week high of $48.12. The firm’s 50 day moving average is $36.66 and its two-hundred day moving average is $31.35.

Dorian LPG (NYSE:LPGGet Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The shipping company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.48. The company had revenue of $153.27 million for the quarter, compared to the consensus estimate of $128.87 million. Dorian LPG had a net margin of 40.22% and a return on equity of 18.01%. Dorian LPG’s revenue was up 102.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 earnings per share.

Hedge Funds Weigh In On Dorian LPG

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in shares of Dorian LPG by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,549,771 shares of the shipping company’s stock valued at $87,199,000 after acquiring an additional 73,754 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Dorian LPG by 12.4% during the 4th quarter. Vanguard Group Inc. now owns 1,874,907 shares of the shipping company’s stock valued at $45,635,000 after acquiring an additional 207,575 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Dorian LPG by 6.2% during the 3rd quarter. American Century Companies Inc. now owns 1,697,048 shares of the shipping company’s stock valued at $50,572,000 after acquiring an additional 99,485 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Dorian LPG by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,116,702 shares of the shipping company’s stock valued at $27,184,000 after acquiring an additional 10,480 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Dorian LPG by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 678,899 shares of the shipping company’s stock valued at $16,524,000 after acquiring an additional 23,974 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Key Stories Impacting Dorian LPG

Here are the key news stories impacting Dorian LPG this week:

About Dorian LPG

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for Dorian LPG (NYSE:LPG)

Receive News & Ratings for Dorian LPG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dorian LPG and related companies with MarketBeat.com's FREE daily email newsletter.