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

Shares of Dorian LPG Ltd. (NYSE:LPG) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $55.00.

Several analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Dorian LPG from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Freedom Capital lowered shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. Pareto Securities reaffirmed a “buy” rating on shares of Dorian LPG in a research report on Thursday, May 21st. Wall Street Zen raised shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 23rd. Finally, Dnb Carnegie upgraded shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th.

Insider Buying and Selling

In other Dorian LPG news, insider Tim Truels Hansen sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $35.38, for a total transaction of $707,600.00. Following the transaction, the insider owned 157,842 shares in the company, valued at approximately $5,584,449.96. This represents a 11.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ted Kalborg sold 15,373 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $45.06, for a total value of $692,707.38. Following the completion of the transaction, the director directly owned 66,348 shares of the company’s stock, valued at $2,989,640.88. This represents a 18.81% decrease in their position. The disclosure for this sale is available in the SEC filing. 13.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dorian LPG

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its position in Dorian LPG by 1,003.8% during 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 during the period. KBC Group NV purchased a new stake in shares of Dorian LPG in the 1st quarter worth about $38,000. EverSource Wealth Advisors LLC increased its stake in shares of Dorian LPG by 429.5% in 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. Sunbelt Securities Inc. bought a new position in shares of Dorian LPG in the 3rd quarter worth about $41,000. Finally, Hilton Head Capital Partners LLC purchased a new position in Dorian LPG during the 4th quarter valued at about $49,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Dorian LPG Price Performance

Shares of LPG stock opened at $36.06 on Friday. The firm has a market cap of $1.54 billion, a P/E ratio of 7.93 and a beta of 0.66. Dorian LPG has a fifty-two week low of $23.76 and a fifty-two week high of $48.12. The business’s 50 day moving average price is $40.59 and its 200-day moving average price is $34.43. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.65 and a current ratio of 2.67.

Dorian LPG (NYSE:LPG) last posted its earnings results on Tuesday, May 19th. The shipping company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.48. The firm had revenue of $153.27 million for the quarter, compared to analysts’ expectations of $128.87 million. Dorian LPG had a return on equity of 18.01% and a net margin of 40.22%.The business’s revenue was up 102.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 earnings per share.

Dorian LPG Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Thursday, May 28th. Shareholders of record on Monday, May 18th were given a dividend of $1.00 per share. This represents a yield of 951.0%. The ex-dividend date of this dividend was Monday, May 18th.

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.