Jefferies Financial Group Reaffirms “Buy” Rating for Dorian LPG (NYSE:LPG)

Dorian LPG (NYSE:LPG)‘s stock had its “buy” rating restated by research analysts at Jefferies Financial Group in a report issued on Thursday, Benzinga reports. They presently have a $42.00 price objective on the shipping company’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 43.30% from the stock’s previous close.

Separately, DNB Markets upgraded Dorian LPG from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Wednesday, July 3rd.

Dorian LPG Stock Performance

NYSE:LPG opened at $29.31 on Thursday. Dorian LPG has a twelve month low of $28.64 and a twelve month high of $51.66. The company has a market capitalization of $1.25 billion, a P/E ratio of 3.87 and a beta of 0.98. The company has a current ratio of 4.60, a quick ratio of 4.58 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average price of $34.45 and a two-hundred day moving average price of $39.29.

Dorian LPG (NYSE:LPG) last announced its earnings results on Thursday, October 31st. The shipping company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.17). Dorian LPG had a net margin of 54.48% and a return on equity of 30.64%. The firm had revenue of $82.40 million during the quarter, compared to analyst estimates of $82.40 million. During the same period in the previous year, the firm posted $1.85 EPS. The company’s revenue for the quarter was down 43.1% compared to the same quarter last year. As a group, research analysts expect that Dorian LPG will post 3.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Alexander C. Hadjipateras sold 2,500 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $36.12, for a total value of $90,300.00. Following the completion of the sale, the chief operating officer now owns 82,823 shares of the company’s stock, valued at approximately $2,991,566.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 13.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dorian LPG

Hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its holdings in shares of Dorian LPG by 26.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,821 shares of the shipping company’s stock worth $80,000 after acquiring an additional 379 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of Dorian LPG by 8.1% in the first quarter. Sequoia Financial Advisors LLC now owns 8,126 shares of the shipping company’s stock valued at $313,000 after purchasing an additional 609 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Dorian LPG by 17.8% during the first quarter. BNP Paribas Financial Markets now owns 37,110 shares of the shipping company’s stock valued at $1,427,000 after buying an additional 5,611 shares during the last quarter. Texas Permanent School Fund Corp boosted its position in shares of Dorian LPG by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 29,842 shares of the shipping company’s stock worth $1,148,000 after buying an additional 375 shares during the period. Finally, Gallacher Capital Management LLC grew its holdings in Dorian LPG by 39.1% in the 1st quarter. Gallacher Capital Management LLC now owns 7,012 shares of the shipping company’s stock worth $270,000 after buying an additional 1,972 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Dorian LPG Company Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.