Dorian LPG (NYSE:LPG) Stock Rating Upgraded by Freedom Capital

Dorian LPG (NYSE:LPG) was upgraded by analysts at Freedom Capital from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

LPG has been the subject of a number of other reports. Dnb Carnegie upgraded Dorian LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Jefferies Financial Group lifted their price objective on Dorian LPG from $42.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Weiss Ratings raised 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 research note on Saturday, July 25th. Finally, Pareto Securities restated a “buy” rating on shares of Dorian LPG in a report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $55.00.

Dorian LPG Stock Up 2.6%

Shares of NYSE LPG opened at $45.53 on Thursday. Dorian LPG has a 12-month low of $23.76 and a 12-month high of $48.12. The stock has a market cap of $1.95 billion, a PE ratio of 6.03 and a beta of 0.65. The company has a current ratio of 3.26, a quick ratio of 2.65 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average of $41.45 and a 200 day moving average of $37.44.

Dorian LPG (NYSE:LPG) last released its quarterly earnings data on Wednesday, August 5th. The shipping company reported $2.52 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 during the quarter, compared to the consensus estimate of $160.78 million. During the same quarter in the prior year, the firm earned $0.27 EPS. Dorian LPG’s quarterly revenue was up 123.1% on a year-over-year basis.

Insider Transactions at Dorian LPG

In other Dorian LPG news, Director Ted Kalborg sold 15,373 shares of Dorian LPG stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $45.06, for a total transaction of $692,707.38. Following the completion of the sale, the director directly owned 66,348 shares in the company, valued at $2,989,640.88. This trade represents a 18.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tim Truels Hansen sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $35.38, for a total transaction 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. This trade represents a 11.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 13.50% of the company’s stock.

Hedge Funds Weigh In On Dorian LPG

Hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC raised its position in Dorian LPG by 1,003.8% in the first quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock valued at $32,000 after purchasing an additional 1,315 shares during the period. KBC Group NV acquired a new position in Dorian LPG during the first quarter worth $38,000. EverSource Wealth Advisors LLC boosted its position in shares of Dorian LPG by 429.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock worth $40,000 after buying an additional 1,340 shares during the period. Sunbelt Securities Inc. purchased a new position in shares of Dorian LPG during the third quarter worth $41,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Dorian LPG in the fourth quarter valued at $49,000. Hedge funds and other institutional investors 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.