ValuEngine Downgrades Dorian LPG (NYSE:LPG) to Strong Sell

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ValuEngine lowered shares of Dorian LPG (NYSE:LPG) from a sell rating to a strong sell rating in a research note issued to investors on Wednesday, ValuEngine reports.

A number of other equities research analysts have also recently commented on the stock. DNB Markets raised shares of Dorian LPG from a hold rating to a buy rating and set a $16.30 target price for the company in a research report on Monday, October 14th. Evercore ISI assumed coverage on shares of Dorian LPG in a research report on Thursday, December 19th. They set an outperform rating and a $19.00 target price for the company. Finally, Zacks Investment Research raised shares of Dorian LPG from a hold rating to a buy rating and set a $12.00 target price for the company in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $15.58.

NYSE:LPG traded up $0.09 during midday trading on Wednesday, reaching $15.17. 18,995 shares of the stock traded hands, compared to its average volume of 1,034,321. Dorian LPG has a 12-month low of $5.26 and a 12-month high of $16.68. The business has a 50-day moving average of $14.88 and a two-hundred day moving average of $11.77. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.49 and a current ratio of 1.52. The stock has a market capitalization of $844.05 million, a PE ratio of 20.34 and a beta of 1.27.

Dorian LPG (NYSE:LPG) last posted its earnings results on Thursday, October 31st. The shipping company reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.16. Dorian LPG had a net margin of 10.16% and a return on equity of 4.52%. The company had revenue of $91.63 million during the quarter.

In other Dorian LPG news, CFO Theodore B. Young sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $15.33, for a total transaction of $45,990.00. Following the transaction, the chief financial officer now owns 120,691 shares in the company, valued at approximately $1,850,193.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alexander C. Hadjipateras sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $14.61, for a total transaction of $146,100.00. Following the transaction, the executive vice president now owns 67,480 shares in the company, valued at approximately $985,882.80. The disclosure for this sale can be found here. Corporate insiders own 26.80% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Winslow Evans & Crocker Inc. acquired a new position in Dorian LPG during the 4th quarter valued at approximately $48,000. Founders Capital Management increased its stake in Dorian LPG by 100.0% during the 3rd quarter. Founders Capital Management now owns 6,000 shares of the shipping company’s stock valued at $58,000 after purchasing an additional 3,000 shares in the last quarter. Convergence Investment Partners LLC acquired a new position in Dorian LPG during the 3rd quarter valued at approximately $80,000. Meeder Asset Management Inc. acquired a new position in Dorian LPG during the 3rd quarter valued at approximately $110,000. Finally, UBS Asset Management Americas Inc. acquired a new position in Dorian LPG during the 2nd quarter valued at approximately $166,000. Institutional investors and hedge funds own 65.74% of the company’s stock.

About Dorian LPG

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates very large gas carriers (VLGCs). As of June 26, 2018, its fleet consisted of 22 VLGCs with carrying capacity of approximately 1.8 million cubic meters.

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