Shares of Dorian LPG Ltd. (NYSE:LPG – Get Free Report) have been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $55.00.
LPG has been the topic of several research reports. Jefferies Financial Group boosted their price objective on shares of Dorian LPG from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Pareto Securities reiterated a “buy” rating on shares of Dorian LPG in a report on Thursday, May 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Dorian LPG in a report on Tuesday. Freedom Capital raised Dorian LPG from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen upgraded Dorian LPG from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th.
Insider Buying and Selling
Institutional Trading of Dorian LPG
Hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LP bought a new stake in shares of Dorian LPG in the second quarter worth $253,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Dorian LPG in the second quarter valued at $1,478,000. California State Teachers Retirement System increased its stake in Dorian LPG by 3,299.8% in the 2nd quarter. California State Teachers Retirement System now owns 1,765,641 shares of the shipping company’s stock valued at $61,409,000 after buying an additional 1,713,708 shares during the last quarter. BTG Pactual Asset Management US LLC acquired a new stake in Dorian LPG in the 2nd quarter valued at $234,000. Finally, Navellier & Associates Inc. bought a new stake in Dorian LPG during the 2nd quarter worth about $2,158,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.
Dorian LPG Stock Performance
Shares of LPG stock opened at $49.64 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.24 and a current ratio of 3.26. The company has a market capitalization of $2.12 billion, a P/E ratio of 6.57 and a beta of 0.65. The company’s 50 day moving average price is $43.34 and its two-hundred day moving average price is $39.44. Dorian LPG has a 52 week low of $23.76 and a 52 week high of $52.10.
Dorian LPG (NYSE:LPG – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The shipping company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.40. The firm had revenue of $187.88 million for the quarter, compared to analyst estimates of $160.78 million. Dorian LPG had a net margin of 55.00% and a return on equity of 25.69%. The business’s revenue was up 123.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 earnings per share.
Dorian LPG Dividend Announcement
The company also recently disclosed a special dividend, which was paid on Wednesday, August 12th. Investors of record on Monday, July 27th were issued a dividend of $1.00 per share. The ex-dividend date was Monday, July 27th.
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.
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