Dorian LPG (NYSE:LPG) Reaches New 12-Month High – Should You Buy?

Dorian LPG Ltd. (NYSE:LPG)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $55.28 and last traded at $55.1690, with a volume of 614831 shares traded. The stock had previously closed at $55.20.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LPG shares. Dnb Carnegie raised Dorian LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Jefferies Financial Group raised their price objective on Dorian LPG from $42.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Wall Street Zen raised shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Pareto Securities reissued a “buy” rating on shares of Dorian LPG in a report on Thursday, May 21st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Dorian LPG in a research report on Tuesday, August 25th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $55.00.

Dorian LPG Trading Up 0.1%

The firm has a market cap of $2.29 billion, a P/E ratio of 7.09 and a beta of 0.61. 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 firm has a fifty day moving average of $45.85 and a 200-day moving average of $40.59.

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

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 issued a $1.00 dividend. The ex-dividend date of this dividend was Monday, July 27th.

Insider Transactions at Dorian LPG

In related news, insider Tim Hansen sold 25,000 shares of Dorian LPG stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $45.04, for a total value of $1,126,000.00. Following the sale, the insider directly owned 157,675 shares in the company, valued at $7,101,682. This trade represents a 13.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Theodore Young sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $54.01, for a total transaction of $270,050.00. Following the transaction, the chief financial officer directly owned 119,713 shares of the company’s stock, valued at $6,465,699.13. The trade was a 4.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 59,081 shares of company stock worth $2,587,213. Corporate insiders own 13.50% of the company’s stock.

Institutional Trading of Dorian LPG

Several hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC lifted its holdings in Dorian LPG by 117.5% in the first quarter. Empowered Funds LLC now owns 197,030 shares of the shipping company’s stock worth $6,738,000 after purchasing an additional 106,428 shares during the period. Segall Bryant & Hamill LLC acquired a new position in Dorian LPG during the 1st quarter valued at about $1,247,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Dorian LPG during the 1st quarter valued at about $1,491,000. Lazard Asset Management LLC acquired a new position in Dorian LPG during the 1st quarter valued at about $2,211,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Dorian LPG by 227.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 215,568 shares of the shipping company’s stock worth $7,247,000 after buying an additional 149,787 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

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.