Dorian LPG (LPG) Receives a Buy from Cleaves Securities

Cleaves Securities analyst Joakim Hannisdahl maintained a Buy rating on Dorian LPG (LPGResearch Report) on July 11 and set a price target of $19.00. The company’s shares closed last Tuesday at $13.19.

According to TipRanks.com, Hannisdahl is a 5-star analyst with an average return of 21.1% and a 59.6% success rate. Hannisdahl covers the Industrial Goods sector, focusing on stocks such as Nordic American Tanker, International Seaways, and Eagle Bulk Shipping.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dorian LPG with a $18.00 average price target.

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Based on Dorian LPG’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $99.58 million and net profit of $44.03 million. In comparison, last year the company earned revenue of $95.2 million and had a net profit of $29.43 million.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LPG in relation to earlier this year.

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Dorian LPG Ltd. is a holding company which engages in the transportation of liquefied petroleum gas. It focus on managing gas carriers and developing customer services. It also offers in-house commercial and technical management services to vessels in their fleet and vessels deployed in the Helios Pool. The company was founded on July 1, 2013 and is headquartered in Stamford, CT.