Dorian LPG Ltd. (NYSE:LPG) Receives $42.00 Average Price Target from Brokerages

Shares of Dorian LPG Ltd. (NYSE:LPG) have been assigned a consensus rating of “Hold” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $42.00.

Several analysts have weighed in on LPG shares. Dnb Carnegie downgraded Dorian LPG from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 11th. Wall Street Zen downgraded shares of Dorian LPG from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 22nd. Jefferies Financial Group started coverage on shares of Dorian LPG in a report on Friday, April 24th. They set a “buy” rating and a $42.00 price target for the company. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Dorian LPG in a research report on Wednesday, April 22nd.

Dorian LPG Trading Up 2.9%

NYSE LPG opened at $42.04 on Thursday. Dorian LPG has a 1-year low of $20.03 and a 1-year high of $42.30. The company has a current ratio of 2.41, a quick ratio of 2.40 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average of $35.70 and a 200-day moving average of $30.89. The firm has a market cap of $1.80 billion, a PE ratio of 14.80 and a beta of 0.63.

Dorian LPG Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 18th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, May 18th.

Insider Buying and Selling at Dorian LPG

In related news, CFO Theodore B. Young sold 10,000 shares of the firm’s stock in a transaction dated 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 directly owned 122,926 shares of the company’s stock, valued at $4,282,741.84. This trade represents a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 13.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its holdings in Dorian LPG by 14.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,590 shares of the shipping company’s stock worth $89,000 after buying an additional 318 shares during the period. IHT Wealth Management LLC increased its stake in shares of Dorian LPG by 2.1% during the fourth quarter. IHT Wealth Management LLC now owns 17,804 shares of the shipping company’s stock valued at $433,000 after buying an additional 365 shares during the period. WINTON GROUP Ltd raised its holdings in shares of Dorian LPG by 0.8% during the fourth quarter. WINTON GROUP Ltd now owns 44,640 shares of the shipping company’s stock valued at $1,087,000 after acquiring an additional 373 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Dorian LPG by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 13,286 shares of the shipping company’s stock worth $324,000 after acquiring an additional 390 shares during the period. Finally, CoreCap Advisors LLC lifted its stake in Dorian LPG by 18.7% in the fourth quarter. CoreCap Advisors LLC now owns 3,269 shares of the shipping company’s stock worth $80,000 after acquiring an additional 514 shares during the period. 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.