Dorian LPG (NYSE:LPG) Reaches New 12-Month High – What’s Next?

Dorian LPG Ltd. (NYSE:LPG)’s stock price reached a new 52-week high on Friday . The company traded as high as $33.05 and last traded at $32.9440, with a volume of 181583 shares trading hands. The stock had previously closed at $32.18.

Analyst Ratings Changes

LPG has been the topic of several research analyst reports. Dnb Carnegie upgraded shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Pareto Securities lowered shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Wall Street Zen raised Dorian LPG from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Dorian LPG in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Dorian LPG Stock Performance

The firm has a market cap of $1.42 billion, a PE ratio of 11.72 and a beta of 0.58. The business has a 50 day simple moving average of $27.14 and a two-hundred day simple moving average of $28.28. The company has a quick ratio of 2.40, a current ratio of 2.41 and a debt-to-equity ratio of 0.38.

Dorian LPG (NYSE:LPG) last issued its earnings results on Thursday, February 5th. The shipping company reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.06). The company had revenue of $118.23 million during the quarter, compared to the consensus estimate of $115.15 million. Dorian LPG had a return on equity of 11.82% and a net margin of 29.88%.Dorian LPG’s revenue was up 48.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 earnings per share. As a group, equities research analysts forecast that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Announces Dividend

The company also recently announced a special dividend, which will be paid on Tuesday, February 24th. Shareholders of record on Monday, February 9th will be issued a $0.70 dividend. This represents a dividend yield of 881.0%. The ex-dividend date is Monday, February 9th.

Insiders Place Their Bets

In other news, insider Tim Truels Hansen sold 25,000 shares of the firm’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $28.85, for a total transaction of $721,250.00. Following the transaction, the insider owned 212,842 shares in the company, valued at approximately $6,140,491.70. This trade represents a 10.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John C. Hadjipateras acquired 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The stock was purchased at an average price of $27.30 per share, with a total value of $409,500.00. Following the completion of the acquisition, the chief executive officer directly owned 153,500 shares of the company’s stock, valued at $4,190,550. This represents a 10.83% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 13.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Dorian LPG

Hedge funds have recently bought and sold shares of the stock. Evermay Wealth Management LLC purchased a new stake in shares of Dorian LPG during the 2nd quarter worth $32,000. NewEdge Advisors LLC raised its stake in shares of Dorian LPG by 1,003.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock worth $32,000 after acquiring an additional 1,315 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Dorian LPG by 429.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock worth $40,000 after acquiring an additional 1,340 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Dorian LPG during the third quarter valued at approximately $41,000. Finally, Sunbelt Securities Inc. purchased a new position in Dorian LPG in the third quarter worth $41,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

About Dorian LPG

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.