Dorian LPG Ltd. (NYSE:LPG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Dorian LPG Ltd. (NYSE:LPG) have received an average rating of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $35.00.

Several equities analysts have recently issued reports on LPG shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dorian LPG in a research note on Monday, December 29th. Dnb Carnegie raised Dorian LPG from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Pareto Securities lowered shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Wall Street Zen raised shares of Dorian LPG from a “hold” rating to a “buy” rating in a research report on Saturday, January 3rd.

Insiders Place Their Bets

In other Dorian LPG news, CEO John C. Hadjipateras bought 15,000 shares of the stock in a transaction on Wednesday, January 7th. The shares were bought at an average price of $27.30 per share, with a total value of $409,500.00. Following the purchase, the chief executive officer directly owned 153,500 shares in the company, valued at $4,190,550. The trade was a 10.83% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Tim Truels Hansen sold 25,000 shares of the company’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $28.85, for a total value of $721,250.00. Following the completion of the transaction, the insider owned 212,842 shares in the company, valued at $6,140,491.70. This represents a 10.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 13.60% of the company’s stock.

Institutional Trading of Dorian LPG

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in Dorian LPG by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,493,668 shares of the shipping company’s stock valued at $74,312,000 after buying an additional 13,241 shares during the period. Vanguard Group Inc. boosted its stake in shares of Dorian LPG by 12.4% during the 4th quarter. Vanguard Group Inc. now owns 1,874,907 shares of the shipping company’s stock valued at $45,635,000 after buying an additional 207,575 shares during the period. American Century Companies Inc. grew its holdings in shares of Dorian LPG by 6.2% during the 3rd quarter. American Century Companies Inc. now owns 1,697,048 shares of the shipping company’s stock valued at $50,572,000 after acquiring an additional 99,485 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Dorian LPG by 3.8% in the second quarter. Geode Capital Management LLC now owns 1,112,333 shares of the shipping company’s stock worth $27,121,000 after acquiring an additional 40,859 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Dorian LPG by 55.8% during the third quarter. Millennium Management LLC now owns 572,315 shares of the shipping company’s stock worth $17,055,000 after acquiring an additional 204,861 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Dorian LPG Price Performance

Shares of NYSE:LPG opened at $29.82 on Tuesday. The stock’s 50 day moving average price is $26.08 and its 200 day moving average price is $28.13. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.32 and a quick ratio of 3.30. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 13.37 and a beta of 0.58. Dorian LPG has a 12 month low of $16.66 and a 12 month high of $32.79.

Dorian LPG (NYSE:LPG) last announced its earnings results on Wednesday, November 5th. The shipping company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.09). Dorian LPG had a net margin of 26.02% and a return on equity of 9.13%. The firm had revenue of $124.06 million for the quarter, compared to the consensus estimate of $126.99 million. During the same period in the prior year, the business earned $0.35 EPS. The company’s quarterly revenue was up 50.6% compared to the same quarter last year. Equities research analysts anticipate that Dorian LPG will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Announces Dividend

The firm also recently announced a special dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Monday, February 9th will be issued a $0.70 dividend. The ex-dividend date is Monday, February 9th. This represents a dividend yield of 950.0%.

About Dorian LPG

Dorian LPG Ltd., incorporated in Bermuda and headquartered in Greenwich, Connecticut, is a leading owner and operator of modern very large gas carriers (VLGCs). The company specializes in the maritime transportation of liquefied petroleum gas (LPG), primarily propane and butane, for energy producers, commodity traders and trading houses around the world.

Dorian LPG’s fleet comprises over 30 state-of-the-art VLGCs, each designed for fuel efficiency and environmental performance. These vessels operate under medium- and long-term time charter agreements, providing predictable employment and supporting a stable charter revenue profile through contracts with major international energy companies.

The company serves global energy markets by transporting LPG cargoes along major trade routes linking production centers in the Middle East, U.S.