Dorian LPG Ltd. (NYSE:LPG) Receives Consensus Rating of “Hold” from Analysts

Shares of Dorian LPG Ltd. (NYSE:LPG) have been assigned an average rating of “Hold” from the five research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $35.00.

Several equities research analysts have weighed in on the stock. Wall Street Zen cut shares of Dorian LPG from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 22nd. Dnb Carnegie lowered shares of Dorian LPG from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Dorian LPG in a research note on Monday, December 29th.

Insider Buying and Selling at Dorian LPG

In other news, CEO John C. Hadjipateras bought 15,000 shares of the stock in a transaction dated Wednesday, January 7th. The stock was bought at an average cost of $27.30 per share, with a total value of $409,500.00. Following the purchase, the chief executive officer owned 153,500 shares of the company’s stock, valued at approximately $4,190,550. This represents a 10.83% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Theodore B. Young sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $34.84, for a total value of $348,400.00. Following the sale, the chief financial officer owned 122,926 shares of the company’s stock, valued at approximately $4,282,741.84. The trade was a 7.52% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 13.60% of the company’s stock.

Institutional Trading of Dorian LPG

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. IHT Wealth Management LLC lifted its position in Dorian LPG by 2.1% during the 4th quarter. IHT Wealth Management LLC now owns 17,804 shares of the shipping company’s stock valued at $433,000 after purchasing an additional 365 shares during the period. WINTON GROUP Ltd grew its position in shares of Dorian LPG by 0.8% during the 4th quarter. WINTON GROUP Ltd now owns 44,640 shares of the shipping company’s stock worth $1,087,000 after buying an additional 373 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Dorian LPG by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 13,286 shares of the shipping company’s stock worth $324,000 after buying an additional 390 shares during the last quarter. CoreCap Advisors LLC raised its stake in shares of Dorian LPG by 18.7% during the fourth quarter. CoreCap Advisors LLC now owns 3,269 shares of the shipping company’s stock worth $80,000 after buying an additional 514 shares during the last quarter. Finally, Vident Advisory LLC lifted its holdings in Dorian LPG by 2.8% in the third quarter. Vident Advisory LLC now owns 20,918 shares of the shipping company’s stock valued at $623,000 after buying an additional 577 shares during the period. 62.50% of the stock is owned by institutional investors.

Dorian LPG Price Performance

Dorian LPG stock opened at $33.39 on Wednesday. The business’s fifty day moving average is $32.44 and its two-hundred day moving average is $29.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.40 and a current ratio of 2.41. The firm has a market cap of $1.43 billion, a P/E ratio of 11.76 and a beta of 0.53. Dorian LPG has a 52 week low of $16.66 and a 52 week high of $38.40.

Dorian LPG (NYSE:LPG) last released its quarterly earnings results on Wednesday, February 4th. The shipping company reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.06). The business had revenue of $119.96 million during the quarter, compared to the consensus estimate of $115.15 million. Dorian LPG had a net margin of 29.88% and a return on equity of 11.82%. The business’s quarterly revenue was up 48.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 earnings per share. Equities research analysts forecast that Dorian LPG will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Tuesday, February 24th. Shareholders of record on Monday, February 9th were given a $0.70 dividend. 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.