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

Shares of Dorian LPG Ltd. (NYSE:LPGGet Free Report) have received a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $55.00.

A number of research analysts have commented on the company. Freedom Capital lowered Dorian LPG from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. Wall Street Zen raised Dorian LPG from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Weiss Ratings raised shares of Dorian LPG from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Jefferies Financial Group upped their price target on shares of Dorian LPG from $42.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Finally, Dnb Carnegie raised shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th.

Read Our Latest Research Report on Dorian LPG

Insider Buying and Selling

In other news, Director Ted Kalborg sold 15,373 shares of Dorian LPG stock in a transaction that occurred 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 sale, the director directly owned 66,348 shares in the company, valued at approximately $2,989,640.88. The trade was a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tim Truels Hansen sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $35.38, for a total value of $707,600.00. Following the completion of the sale, the insider owned 157,842 shares of the company’s stock, valued at approximately $5,584,449.96. This trade represents a 11.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 13.60% of the company’s stock.

Hedge Funds Weigh In On Dorian LPG

Hedge funds have recently added to or reduced their stakes in the stock. KBC Group NV bought a new stake in shares of Dorian LPG during the 1st quarter valued at $38,000. Sunbelt Securities Inc. bought a new position in shares of Dorian LPG in the third quarter worth $41,000. NewEdge Advisors LLC increased 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 worth $32,000 after purchasing an additional 1,315 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Dorian LPG by 429.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock worth $40,000 after purchasing an additional 1,340 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in Dorian LPG in the fourth quarter valued at about $49,000. Institutional investors own 62.50% of the company’s stock.

Dorian LPG Trading Up 2.1%

Shares of NYSE:LPG opened at $47.20 on Tuesday. Dorian LPG has a 12-month low of $23.76 and a 12-month high of $48.12. The business has a 50 day moving average of $41.34 and a 200-day moving average of $36.89. The company has a quick ratio of 2.65, a current ratio of 2.67 and a debt-to-equity ratio of 0.40. The stock has a market cap of $2.02 billion, a PE ratio of 10.37 and a beta of 0.66.

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

Dorian LPG Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Wednesday, August 12th. Shareholders of record on Monday, July 27th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Monday, July 27th.

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.

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Analyst Recommendations for Dorian LPG (NYSE:LPG)

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