Dorian LPG’s (LPG) Buy Rating Reiterated at Jefferies Financial Group

Dorian LPG (NYSE:LPG)‘s stock had its “buy” rating reissued by research analysts at Jefferies Financial Group in a research note issued on Friday,Benzinga reports. They currently have a $35.00 price objective on the shipping company’s stock. Jefferies Financial Group’s target price indicates a potential upside of 46.58% from the stock’s previous close.

Dorian LPG Price Performance

Shares of NYSE LPG traded down $1.49 during midday trading on Friday, hitting $23.88. 739,725 shares of the company’s stock were exchanged, compared to its average volume of 729,969. The company has a current ratio of 4.22, a quick ratio of 4.20 and a debt-to-equity ratio of 0.48. The business’s fifty day moving average price is $24.42 and its two-hundred day moving average price is $31.07. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 4.04 and a beta of 0.93. Dorian LPG has a 12-month low of $22.46 and a 12-month high of $51.66.

Dorian LPG (NYSE:LPG) last released its quarterly earnings results on Friday, January 31st. The shipping company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. Dorian LPG had a net margin of 47.87% and a return on equity of 23.75%. During the same period in the previous year, the firm posted $2.62 earnings per share. As a group, research analysts forecast that Dorian LPG will post 2.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. lifted its position in Dorian LPG by 20.8% in the fourth quarter. Pacer Advisors Inc. now owns 4,127,317 shares of the shipping company’s stock valued at $100,583,000 after purchasing an additional 711,313 shares during the last quarter. State Street Corp boosted its position in Dorian LPG by 3.6% during the 3rd quarter. State Street Corp now owns 1,357,420 shares of the shipping company’s stock valued at $46,722,000 after buying an additional 47,780 shares during the period. Geode Capital Management LLC grew its holdings in Dorian LPG by 9.1% in the 3rd quarter. Geode Capital Management LLC now owns 964,222 shares of the shipping company’s stock worth $33,195,000 after acquiring an additional 80,757 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Dorian LPG by 7.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 471,768 shares of the shipping company’s stock valued at $16,238,000 after acquiring an additional 34,344 shares during the period. Finally, Empowered Funds LLC raised its stake in shares of Dorian LPG by 10.6% during the fourth quarter. Empowered Funds LLC now owns 321,201 shares of the shipping company’s stock valued at $7,828,000 after acquiring an additional 30,756 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

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.