Dorian LPG Ltd. (NYSE:LPG) Given Consensus Rating of “Hold” by Brokerages

Shares of Dorian LPG Ltd. (NYSE:LPG) have been given a consensus rating of “Hold” by the five analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $35.00.

Several research firms recently commented on LPG. Wall Street Zen downgraded shares of Dorian LPG from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 22nd. Jefferies Financial Group began coverage on shares of Dorian LPG in a research note on Friday. They issued a “buy” rating on the stock. Dnb Carnegie downgraded shares of Dorian LPG from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 11th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dorian LPG in a research note on Wednesday.

Insider Transactions at Dorian LPG

In other Dorian LPG news, CFO Theodore B. Young sold 10,000 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $34.84, for a total transaction of $348,400.00. Following the transaction, the chief financial officer directly owned 122,926 shares in the company, valued at $4,282,741.84. This represents a 7.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 13.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. grew its holdings in 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 worth $50,572,000 after acquiring an additional 99,485 shares in the last quarter. Tudor Investment Corp ET AL grew its holdings in Dorian LPG by 425.4% during the 3rd quarter. Tudor Investment Corp ET AL now owns 256,216 shares of the shipping company’s stock worth $7,635,000 after acquiring an additional 207,450 shares in the last quarter. SG Americas Securities LLC grew its holdings in Dorian LPG by 212.7% during the 4th quarter. SG Americas Securities LLC now owns 53,071 shares of the shipping company’s stock worth $1,292,000 after acquiring an additional 36,101 shares in the last quarter. Avior Wealth Management LLC bought a new position in Dorian LPG during the 4th quarter worth about $439,000. Finally, Unison Advisors LLC bought a new position in Dorian LPG during the 4th quarter worth about $711,000. 62.50% of the stock is currently owned by institutional investors.

Dorian LPG Trading Up 1.5%

LPG stock opened at $36.67 on Friday. The company has a market capitalization of $1.57 billion, a PE ratio of 12.91 and a beta of 0.59. Dorian LPG has a 12 month low of $20.03 and a 12 month high of $38.40. The firm’s 50-day moving average is $34.45 and its 200 day moving average is $29.54. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.41 and a quick ratio of 2.40.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings results on Wednesday, February 4th. The shipping company reported $1.11 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.06). The company had revenue of $119.96 million during the quarter, compared to analysts’ expectations of $115.15 million. Dorian LPG had a return on equity of 11.82% and a net margin of 29.88%.The company’s quarterly revenue was up 48.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 EPS.

Dorian LPG Announces Dividend

The firm also recently announced a special dividend, which was paid on Tuesday, February 24th. Shareholders of record on Monday, February 9th were issued a dividend of $0.70 per share. This represents a yield of 881.0%. The ex-dividend date was Monday, February 9th.

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.