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

Jefferies Financial Group reaffirmed their buy rating on shares of Dorian LPG (NYSE:LPG) in a research note published on Friday morning,Benzinga reports. They currently have a $35.00 price target on the shipping company’s stock.

Dorian LPG Stock Down 5.0 %

LPG stock opened at $24.09 on Friday. Dorian LPG has a twelve month low of $22.46 and a twelve month high of $51.66. The company has a quick ratio of 4.20, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The company has a market cap of $1.03 billion, a PE ratio of 4.08 and a beta of 0.93. The business’s 50-day simple moving average is $24.38 and its 200 day simple moving average is $30.89.

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

Dorian LPG Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, February 27th. Investors of record on Wednesday, February 5th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. Dorian LPG’s payout ratio is currently 25.45%.

Institutional Investors Weigh In On Dorian LPG

Large investors have recently modified their holdings of the stock. Pacer Advisors Inc. boosted 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 buying an additional 711,313 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Dorian LPG by 52.2% in the 3rd quarter. Empowered Funds LLC now owns 290,445 shares of the shipping company’s stock worth $9,997,000 after acquiring an additional 99,650 shares in the last quarter. Geode Capital Management LLC grew its position in Dorian LPG by 9.1% during 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. Victory Capital Management Inc. increased its holdings in Dorian LPG by 87.3% during the 3rd quarter. Victory Capital Management Inc. now owns 163,754 shares of the shipping company’s stock valued at $5,636,000 after purchasing an additional 76,334 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Dorian LPG in the third quarter worth $2,238,000. 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.