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

Shares of Dorian LPG Ltd. (NYSE:LPGGet Free Report) have earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $55.00.

LPG has been the subject of several recent analyst reports. Jefferies Financial Group upped their price objective on shares of Dorian LPG from $42.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Wall Street Zen raised shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 23rd. Dnb Carnegie raised shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Freedom Capital downgraded shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. Finally, Pareto Securities reaffirmed a “buy” rating on shares of Dorian LPG in a report on Thursday, May 21st.

Read Our Latest Analysis on LPG

Dorian LPG Stock Performance

Shares of LPG opened at $41.59 on Monday. The company’s 50 day moving average price is $38.63 and its 200 day moving average price is $32.41. Dorian LPG has a 52 week low of $22.10 and a 52 week high of $48.12. The company has a market capitalization of $1.78 billion, a PE ratio of 9.14 and a beta of 0.62. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.65 and a current ratio of 2.67.

Dorian LPG (NYSE:LPGGet Free Report) last posted its earnings results on Tuesday, May 19th. The shipping company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.41 by $0.48. The company had revenue of $153.27 million during the quarter, compared to the consensus estimate of $128.87 million. Dorian LPG had a net margin of 40.22% and a return on equity of 18.01%. The company’s revenue for the quarter was up 102.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 earnings per share.

Dorian LPG Announces Dividend

The business also recently declared a special dividend, which was paid on Thursday, May 28th. Shareholders of record on Monday, May 18th were issued a $1.00 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a yield of 951.0%. Dorian LPG’s dividend payout ratio is 21.98%.

Insiders Place Their Bets

In other news, Director Ted Kalborg sold 15,373 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $45.06, for a total value of $692,707.38. Following the completion of the transaction, the director owned 66,348 shares in the company, valued at approximately $2,989,640.88. This represents a 18.81% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 13.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dorian LPG

A number of hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in shares of Dorian LPG by 14.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,590 shares of the shipping company’s stock worth $89,000 after purchasing an additional 318 shares in the last quarter. IHT Wealth Management LLC boosted its stake in shares of Dorian LPG by 2.1% in the 4th quarter. IHT Wealth Management LLC now owns 17,804 shares of the shipping company’s stock valued at $433,000 after purchasing an additional 365 shares during the last quarter. WINTON GROUP Ltd boosted its stake in shares of Dorian LPG by 0.8% in the 4th quarter. WINTON GROUP Ltd now owns 44,640 shares of the shipping company’s stock valued at $1,087,000 after purchasing an additional 373 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Dorian LPG by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,286 shares of the shipping company’s stock valued at $324,000 after purchasing an additional 390 shares during the last quarter. Finally, CoreCap Advisors LLC boosted its stake in shares of Dorian LPG by 18.7% in the 4th quarter. CoreCap Advisors LLC now owns 3,269 shares of the shipping company’s stock valued at $80,000 after purchasing an additional 514 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

About Dorian LPG

(Get Free Report)

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.

See Also

Analyst Recommendations for Dorian LPG (NYSE:LPG)

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