Dorian LPG's (LPG) Buy Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of Dorian LPG (NYSE:LPG - Free Report) in a report issued on Friday morning,Benzinga reports. The firm currently has a $35.00 target price on the shipping company's stock.

Dorian LPG Trading Up 4.1 %

Dorian LPG stock traded up $0.98 during mid-day trading on Friday, hitting $24.95. The company's stock had a trading volume of 1,493,800 shares, compared to its average volume of 814,894. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.20 and a current ratio of 4.22. The company has a 50 day moving average of $24.36 and a 200-day moving average of $30.72. Dorian LPG has a one year low of $22.46 and a one year high of $51.66. The stock has a market cap of $1.07 billion, a PE ratio of 6.35 and a beta of 0.91.

Dorian LPG (NYSE:LPG - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The shipping company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.35 by $0.08. Dorian LPG had a net margin of 38.51% and a return on equity of 15.11%. During the same period in the prior year, the firm posted $2.62 EPS. On average, research analysts anticipate that Dorian LPG will post 2.6 EPS for the current year.

Dorian LPG Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, February 27th. Shareholders of record on Wednesday, February 5th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, February 5th.

Hedge Funds Weigh In On Dorian LPG

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Beacon Capital Management LLC grew its holdings in Dorian LPG by 61.1% during the 4th quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company's stock worth $27,000 after acquiring an additional 428 shares in the last quarter. Heck Capital Advisors LLC bought a new position in shares of Dorian LPG during the fourth quarter valued at approximately $37,000. Quarry LP increased its holdings in Dorian LPG by 57.8% during the second quarter. Quarry LP now owns 942 shares of the shipping company's stock valued at $40,000 after buying an additional 345 shares during the period. KBC Group NV lifted its holdings in Dorian LPG by 84.6% during the fourth quarter. KBC Group NV now owns 2,075 shares of the shipping company's stock worth $51,000 after buying an additional 951 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. boosted its position in Dorian LPG by 126.7% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,247 shares of the shipping company's stock valued at $52,000 after acquiring an additional 697 shares in the last quarter. Institutional investors own 62.50% of the company's stock.

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.