Dorian LPG Ltd. (NYSE:LPG) to Issue $1.00 None Dividend

Dorian LPG Ltd. (NYSE:LPG) announced a None dividend on Thursday, April 25th, Zacks reports. Investors of record on Wednesday, May 8th will be given a dividend of 1.00 per share by the shipping company on Thursday, May 30th. The ex-dividend date of this dividend is Tuesday, May 7th.

Dorian LPG Stock Up 0.6 %

Dorian LPG stock opened at $42.89 on Monday. The company’s 50-day moving average price is $38.90 and its two-hundred day moving average price is $39.25. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 5.70 and a beta of 1.08. Dorian LPG has a 52 week low of $21.07 and a 52 week high of $49.54. The company has a current ratio of 3.31, a quick ratio of 3.29 and a debt-to-equity ratio of 0.57.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings data on Thursday, February 1st. The shipping company reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.35. The business had revenue of $163.06 million for the quarter, compared to analyst estimates of $154.49 million. Dorian LPG had a net margin of 55.02% and a return on equity of 33.59%. During the same quarter last year, the business earned $1.29 earnings per share. On average, analysts expect that Dorian LPG will post 7.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LPG. StockNews.com downgraded Dorian LPG from a “buy” rating to a “hold” rating in a research note on Thursday. Jefferies Financial Group restated a “buy” rating and set a $50.00 price objective on shares of Dorian LPG in a research report on Thursday, February 1st. Finally, DNB Markets downgraded shares of Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 target price on the stock. in a report on Friday, January 26th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.25.

Dorian LPG Company Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.