Dorian LPG (NYSE:LPG) Announces Quarterly Earnings Results

Dorian LPG (NYSE:LPG) posted its quarterly earnings data on Wednesday. The shipping company reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.14), FiscalAI reports. The firm had revenue of $118.51 million for the quarter, compared to analysts’ expectations of $115.41 million. Dorian LPG had a return on equity of 9.13% and a net margin of 26.02%.Dorian LPG’s revenue was up 48.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 earnings per share.

Dorian LPG Stock Performance

Dorian LPG stock traded up $0.17 during trading on Thursday, hitting $29.89. The stock had a trading volume of 187,137 shares, compared to its average volume of 531,503. Dorian LPG has a 1 year low of $16.66 and a 1 year high of $32.79. The company has a quick ratio of 3.30, a current ratio of 3.32 and a debt-to-equity ratio of 0.44. The stock’s 50 day moving average is $26.30 and its two-hundred day moving average is $28.16. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 13.40 and a beta of 0.58.

Dorian LPG Dividend Announcement

The business also recently declared a special dividend, which will be paid on Tuesday, February 24th. Investors of record on Monday, February 9th will be issued a $0.70 dividend. This represents a dividend yield of 950.0%. The ex-dividend date of this dividend is Monday, February 9th. Dorian LPG’s payout ratio is 44.84%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Dnb Carnegie upgraded shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Weiss Ratings restated a “hold (c)” rating on shares of Dorian LPG in a research note on Monday, December 29th. Pareto Securities lowered Dorian LPG from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, Wall Street Zen upgraded Dorian LPG from a “hold” rating to a “buy” rating in a report on Saturday, January 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $35.00.

Insiders Place Their Bets

In other news, CEO John C. Hadjipateras bought 15,000 shares of the stock in a transaction on Wednesday, January 7th. The shares were purchased at an average cost of $27.30 per share, for a total transaction of $409,500.00. Following the completion of the purchase, the chief executive officer directly owned 153,500 shares in the company, valued at $4,190,550. This represents a 10.83% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Tim Truels Hansen sold 25,000 shares of the company’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $28.85, for a total value of $721,250.00. Following the transaction, the insider directly owned 212,842 shares in the company, valued at $6,140,491.70. This represents a 10.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 13.60% of the company’s stock.

Hedge Funds Weigh In On Dorian LPG

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LPG. NewEdge Advisors LLC raised its position in shares of Dorian LPG by 1,003.8% in the first quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock valued at $32,000 after purchasing an additional 1,315 shares during the period. EverSource Wealth Advisors LLC grew its stake in Dorian LPG by 429.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock valued at $40,000 after buying an additional 1,340 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in Dorian LPG during the 3rd quarter valued at $41,000. Tower Research Capital LLC TRC raised its holdings in Dorian LPG by 138.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,494 shares of the shipping company’s stock valued at $85,000 after acquiring an additional 2,031 shares during the period. Finally, First Trust Advisors LP purchased a new stake in shares of Dorian LPG during the third quarter worth $205,000. Institutional investors own 62.50% of the company’s stock.

Dorian LPG Company Profile

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.