You should consider shares of Delek US Holdings Inc. (NYSE:DK) and Dorian LPG Ltd. (NYSE:LPG) if you are looking for a great stocks to invest in. Starting with the DK shares, which traded at $31.32 at the close of the recent session, dropping -4.31%. On Wednesday, the company’s shares shed -$1.41 from its value which represented in intraday trading. The stock is now -6.59% lower in year-to-date (YTD) trading. DK’s intraday high was $32.615 while its lowest price touched $30.98. The stock’s 52-week high price is $44.08, which means the current price is at -28.95%. In terms of trading activity, the daily trading volume rose to 1614848 against 200-day average trading volume of 1,226,186 shares.
What are analyst forecasts for Delek US Holdings Inc. (NYSE:DK)?
At a consensus rating of 3.25, DK is trending as a streaking Hold, as it has been the case a month ago when 9 analysts called it a Hold. Two months ago, 9 analysts recommended, on average, that DK stock is a Moderate Buy. The Basic Materials company’s shares’ overall bearish trend saw it close higher on Wednesday compared to its opening price of $32.30 on the day.
Forecasts for Delek US Holdings Inc. (NYSE:DK) give the stock a fair value for the growth from its last price.
The consensus among 16 analysts is that it is a good time for one to Hold in the Delek US Holdings Inc. 4 analysts rate DK as a Buy, with 2 of 16 analysts rate it as a Sell. 0 have valued the stock as Overweight and 9 have recommended that investors Hold.
Delek US Holdings Inc. (NYSE:DK) Upgrades and Downgrades
In terms of rating changes, Barclays on January 14, 2020, Initiated Delek US Holdings Inc. (DK) at Equal Weight. They believe the stock could reach $33 in the near term. Analysts at BofA/Merrill have assigned a Buy rating for the stock in their research note on January 07, 2020. Moreover, Wells Fargo analysts issued a rating of Equal Weight for the stock on January 06, 2020, giving it a price target of $35 for the next 12 months. On December 09, 2019, the stock earned a Underweight rating due to an analyst call from JP Morgan, while analysts from Cowen on August 22, 2019 suggested that the stock is Market Perform.
Dorian LPG Ltd. (NYSE:LPG) adds -$0.45 on Wednesday
The LPG stock has tanked -3.04% year-to-date and is currently trading at $15.01, which is -10.01% below its 52-week high. The company shares lost -2.91% on the day and have risen nearly 185.36% off a low hit. At current levels, Dorian LPG Ltd. has a valuation of about $242.40M. As of 01/15/20, this stock has fallen -2.97% during the week and closed at $15.46 in the previous session. However, recent Dorian LPG Ltd. stock performance shows that LPG shares are 1.56% up over the last month, and 24.15% up for the last three months.
Earnings per share (EPS) estimates for the current quarter are $0, with the trailing 12-month share earnings at $0.45. The ratio is expected to be up by 393.60% for the current year 2019 and 6.60% for next year. Over the next 5-year period, earnings per share will be 15.00%. But will the LPG stock surprise in the current quarter results, where the $0.75 actual EPS reported on 9/29/2019 surprised by 27.10% or was higher by $0.16 from the estimated $0.59.
Sales Growth to climb 5.50% for the year
How well will Dorian LPG Ltd. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $78.2M and $117.5M in current quarter sales. The consensus estimated for the current quarter is $92.24M from sales. Forecasts for this fiscal year are between $294.11M and $353M and the consensus estimate for sales is at $326.52M. LPG has its next quarter sales estimates at between $64.32M and $86M, with the quarter-over-quarter growth estimates at 123.10% and the annual growth forecast for the year at 5.50%.
Who owns shares in Dorian LPG Ltd. (LPG)?
Let’s briefly focus on the share ownership of the Dorian LPG Ltd. (NYSE:LPG) stock, where we find that 68.29% of shares are held by institutions. Kensico Capital Management Corp tops the list of institutional owners as it is holding 8.01 million shares or 14.68% of shares outstanding. Wellington Management Company, LLP and Dimensional Fund Advisors LP held 3.84 million and 3.68 million representing 7.03% and 6.73% respectively at the close of the last trading session. As of Sep 29, 2019, Royce & Associates LP accounted for 2.13 million shares at over 22.07 million. This represented 3.90% of shares outstanding. Blackrock Inc. held 1.99 million shares at over 20.66 million representing 3.65% of shares outstanding.
LPG Insider Activity
Insider activity can also give a signal in terms of price direction. Looking at Dorian LPG Ltd. (LPG), a total of 1127148 shares have been sold by insiders over the last 6 months while 130915 shares were added in the same time span. On 6/27/2019, by the name Bw Group Ltd sold 325615.0 shares worth $2.9 million at the price of $8.87 per share. Filings also show that Bw Group Ltd sold a total of 250000.0 shares on 8/29/2019 valued at $2.7 million. Since the last insider activity, the company’s share price has climbed 40.94%.