Dorian LPG Upgraded to Strong Buy: What Does It Mean for Investors?

Trending News ☀️

Dorian ($NYSE:LPG) LPG recently received an upgrade to a Zacks Rank #1, which could be seen as a sign of optimism about its earnings prospects. Dorian LPG is a leading global owner and operator of modern, high-performance very large gas carriers (VLGCs). The company operates a fleet of vessels designed to meet the requirements of customers in the global LPG shipping industry. It also owns and operates liquid petroleum gas (LPG) storage terminals in the United States and Europe. The upgrade to a Zacks Rank #1 might suggest that the market is expecting better earnings performance from Dorian LPG in the near future. This could result in the stock price moving higher, as investor sentiment towards the company improves.

Additionally, investors may be more likely to invest in Dorian LPG given that it has been upgraded to a strong buy rating. Overall, the upgrade of Dorian LPG to a Zacks Rank #1 might be taken as a sign of optimism about its earnings prospects, which could result in the stock price moving higher. Investors should consider the potential implications for their portfolios, as the stock could be a good option for those looking for higher returns.

Stock Price

Tuesday saw Dorian LPG‘s stock open at $22.0 and close at $21.6, recording a 3.5% decrease from the last closing price of $22.3.

However, despite this drop in price, the stock has recently been given a strong buy rating by analysts. The strong buy rating for Dorian LPG indicates to investors that the stock is likely to see significant gains in the near future. This could be due to an increase in demand for the company’s products or services, an improvement in financial performance, or a number of other factors. As such, investors with a long-term outlook are likely to benefit from buying shares in the company now while they are still relatively low and holding onto them in anticipation of potential gains down the line. However, it should be noted that the strong buy rating on Dorian LPG is only an indication of the stock’s potential and not a guarantee of success. Factors like market conditions, macroeconomic trends, and even unforeseen events can all affect the performance of a company’s stock and could lead to losses rather than gains. Therefore, it is important for investors to do their own due diligence before investing in any particular stock. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Dorian Lpg. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Dorian Lpg. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Dorian Lpg. More…

Key Ratios Snapshot

Some of the financial key ratios for Dorian Lpg are shown below. More…

Analysis

At GoodWhale, we’ve conducted a financial analysis of DORIAN LPG, one of the world’s leading owners and operators of liquefied petroleum gas (LPG) carriers. Our risk rating assessment indicates that DORIAN LPG is a low risk investment in terms of financial and business aspects. We have detected three risk warnings within the income sheet, balance sheet, and financial journal. To understand the complete scope of these risks and potential opportunities, you must be a registered user with GoodWhale. Once registered, you will be able to view detailed assessments and recommendations specific to DORIAN LPG. Our financial assessments are designed to provide insight and clarity into investments in order to help users make informed decisions. With GoodWhale, you can rest assured that your investments are well-informed and safe. More…

Peers

The global liquefied petroleum gas (LPG) market is expected to grow at a CAGR of over 5% during the period 2019–2024. The LPG market is highly competitive with the presence of several large and small players. The four largest players in the market are Dorian LPG Ltd, Navigator Holdings Ltd, Avance Gas Holding Ltd, and Exmar NV, which together accounted for a market share of around 40% in 2018. The company has a strong presence in all major LPG shipping regions, including the Atlantic Basin, the Mediterranean, the Far East, and Australia. Navigator Holdings Ltd is a leading global provider of seaborne transportation solutions for liquefied petroleum gas (LPG). The company has a modern and efficient fleet of Very Large Gas Carriers (VLGCs), which it uses to transport LPG to its customers around the world. Avance Gas Holding Ltd is a leading global provider of seaborne transportation solutions for liquefied petroleum gas (LPG). The company has a modern and efficient fleet of Very Large Gas Carriers (VLGCs), which it uses to transport LPG to its customers around the world. Exmar NV is a leading global provider of seaborne transportation solutions for liquefied petroleum gas (LPG). The company has a modern and efficient fleet of Very Large Gas Carriers (VLGCs), which it uses to transport LPG to its customers around the world.

– Navigator Holdings Ltd ($NYSE:NVGS)

Navigator Holdings Ltd owns and operates a fleet of very large ethane and liquefied petroleum gas carriers. As of March 31, 2021, the company’s operated fleet consisted of 44 vessels. It serves energy companies, refiners, and chemical producers in the United States, Europe, Asia, and South America.

– Avance Gas Holding Ltd ($OTCPK:AVACF)

As of 2022, Avance Gas Holding Ltd has a market cap of 435M and a Return on Equity of 7.85%. The company is a leading provider of liquefied petroleum gas (LPG) transportation and storage services. It operates a fleet of LPG carriers and has a global customer base. The company is headquartered in Singapore.

– Exmar NV ($LTS:0EEV)

Exmar NV is a Belgian shipping company that was founded in Antwerp in 1892. The company is involved in the maritime transportation of crude oil, natural gas, and petrochemicals. As of 2022, Exmar NV had a market capitalization of 561.39 million euros and a return on equity of 0.89%. The company’s fleet consists of approximately 60 vessels, including crude oil tankers, liquefied natural gas carriers, and floating storage units.

Summary

Dorian LPG recently saw its stock upgraded to a strong buy rating by analysts, sparking optimism about its future earnings prospects. Despite the upgrade, the stock price has actually moved down, leaving investors unsure of what to make of the news. Despite the uncertainly, some analysts are still recommending Dorian LPG as a good investment due to its potential growth prospects. Investors should carefully review the company’s financial statements, risk factors, and competitive position before investing to ensure that the company is a good fit for their portfolio.