Dorian LPG (NYSE:LPG) Releases Earnings Results, Beats Estimates By $0.53 EPS

Dorian LPG (NYSE:LPG – Get Free Report) released its quarterly earnings data on Tuesday. The shipping company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.53, FiscalAI reports. The company had revenue of $153.27 million for the quarter, compared to the consensus estimate of $126.25 million. Dorian LPG had a return on equity of 11.82% and a net margin of 29.88%.

Dorian LPG Stock Performance

Dorian LPG stock opened at $42.40 on Wednesday. The stock’s 50 day moving average price is $35.87 and its 200 day moving average price is $30.99. The firm has a market capitalization of $1.81 billion, a PE ratio of 14.93 and a beta of 0.63. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.40 and a current ratio of 2.41. Dorian LPG has a one year low of $20.03 and a one year high of $43.09.

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Dorian LPG Dividend Announcement

The business also recently declared a special dividend, which will be paid on Thursday, May 28th. Investors of record on Monday, May 18th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, May 18th. Dorian LPG’s payout ratio is 35.21%.

Hedge Funds Weigh In On Dorian LPG

Several hedge funds and other institutional investors have recently bought and sold shares of LPG. AQR Capital Management LLC lifted its position in Dorian LPG by 236.7% during the 2nd quarter. AQR Capital Management LLC now owns 425,478 shares of the shipping company’s stock worth $10,373,000 after acquiring an additional 299,107 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Dorian LPG by 136.2% in the 2nd quarter. Bank of America Corp DE now owns 368,986 shares of the shipping company’s stock valued at $8,996,000 after acquiring an additional 212,787 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Dorian LPG by 55.8% in the 3rd quarter. Millennium Management LLC now owns 572,315 shares of the shipping company’s stock valued at $17,055,000 after acquiring an additional 204,861 shares during the last quarter. Two Sigma Investments LP boosted its position in Dorian LPG by 375.8% during the 3rd quarter. Two Sigma Investments LP now owns 258,243 shares of the shipping company’s stock valued at $7,696,000 after purchasing an additional 203,966 shares during the period. Finally, Focus Partners Wealth boosted its position in Dorian LPG by 65.5% during the 3rd quarter. Focus Partners Wealth now owns 496,220 shares of the shipping company’s stock valued at $14,787,000 after purchasing an additional 196,430 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LPG has been the topic of a number of research reports. Wall Street Zen downgraded Dorian LPG from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 22nd. Dnb Carnegie upgraded Dorian LPG from a “strong sell” rating to a “hold” rating in a report on Monday. Weiss Ratings restated a “hold (c+)” rating on shares of Dorian LPG in a report on Wednesday, April 22nd. Finally, Jefferies Financial Group initiated coverage on Dorian LPG in a report on Friday, April 24th. They issued a “buy” rating and a $42.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Dorian LPG currently has an average rating of “Hold” and a consensus target price of $42.00.

Check Out Our Latest Research Report on Dorian LPG

Dorian LPG Company Profile

(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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