Dorian LPG Ltd. Announces None Dividend of $1.00 (NYSE:LPG)

Dorian LPG Ltd. (NYSE:LPG) announced a None dividend on Thursday, April 25th, Zacks reports. Investors of record on Wednesday, May 8th will be paid a dividend of 1.00 per share by the shipping company on Thursday, May 30th. The ex-dividend date is Tuesday, May 7th.

Dorian LPG Stock Performance

Shares of Dorian LPG stock opened at $41.79 on Friday. The company has a market capitalization of $1.70 billion, a PE ratio of 5.55 and a beta of 1.13. Dorian LPG has a 12 month low of $21.02 and a 12 month high of $49.54. The company has a current ratio of 3.31, a quick ratio of 3.29 and a debt-to-equity ratio of 0.57. The stock’s fifty day simple moving average is $38.21 and its 200 day simple moving average is $38.74.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings data on Thursday, February 1st. The shipping company reported $2.62 EPS for the quarter, topping the consensus estimate of $2.27 by $0.35. The business had revenue of $163.06 million for the quarter, compared to the consensus estimate of $154.49 million. Dorian LPG had a return on equity of 33.59% and a net margin of 55.02%. During the same quarter last year, the business posted $1.29 EPS. On average, research analysts predict that Dorian LPG will post 7.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on LPG shares. Jefferies Financial Group reissued a “buy” rating and issued a $50.00 price target on shares of Dorian LPG in a research note on Thursday, February 1st. DNB Markets downgraded Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 price target on the stock. in a research note on Friday, January 26th. Finally, StockNews.com raised Dorian LPG from a “hold” rating to a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.25.

Dorian LPG Company Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.