Dorian LPG Ltd. (NYSE:LPG) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Dorian LPG Ltd. (NYSE:LPG) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $55.00.

Several brokerages recently commented on LPG. Jefferies Financial Group raised their price objective on shares of Dorian LPG from $42.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Freedom Capital upgraded shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Weiss Ratings raised shares of Dorian LPG from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Finally, Pareto Securities reiterated a “buy” rating on shares of Dorian LPG in a research report on Thursday, May 21st.

Insiders Place Their Bets

In related news, insider Tim Truels Hansen sold 25,000 shares of Dorian LPG stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $45.04, for a total transaction of $1,126,000.00. Following the completion of the transaction, the insider directly owned 157,675 shares of the company’s stock, valued at approximately $7,101,682. The trade was a 13.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 13.50% of the stock is owned by insiders.

Institutional Trading of Dorian LPG

Several large investors have recently bought and sold shares of LPG. NewEdge Advisors LLC increased its position in shares of Dorian LPG by 1,003.8% in the first quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock valued at $32,000 after buying an additional 1,315 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Dorian LPG in the 2nd quarter worth about $37,000. KBC Group NV purchased a new stake in shares of Dorian LPG in the 1st quarter worth about $38,000. EverSource Wealth Advisors LLC grew its stake in Dorian LPG by 429.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock valued at $40,000 after acquiring an additional 1,340 shares during the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in Dorian LPG in the 3rd quarter valued at about $41,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Dorian LPG Price Performance

Dorian LPG stock opened at $51.17 on Friday. Dorian LPG has a one year low of $23.76 and a one year high of $52.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.24 and a current ratio of 3.26. The business has a fifty day moving average of $42.43 and a two-hundred day moving average of $38.76. The company has a market cap of $2.19 billion, a P/E ratio of 6.78 and a beta of 0.65.

Dorian LPG (NYSE:LPG) last issued its earnings results on Tuesday, August 4th. The shipping company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.12 by $0.40. Dorian LPG had a net margin of 55.00% and a return on equity of 25.69%. The company had revenue of $187.88 million for the quarter, compared to analyst estimates of $160.78 million. During the same period in the previous year, the firm earned $0.27 EPS. The business’s revenue was up 123.1% on a year-over-year basis.

Dorian LPG Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Wednesday, August 12th. Investors of record on Monday, July 27th were paid a $1.00 dividend. The ex-dividend date of this dividend was Monday, July 27th.

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.