Dorian LPG (NYSE:LPG) Reaches New 52-Week High – Should You Buy?

Dorian LPG Ltd. (NYSE:LPG)’s stock price reached a new 52-week high on Monday . The stock traded as high as $41.92 and last traded at $42.0150, with a volume of 113842 shares traded. The stock had previously closed at $40.87.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LPG shares. 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 began coverage on shares of Dorian LPG in a research report on Friday, April 24th. They set a “buy” rating and a $42.00 price objective for the company. Dnb Carnegie cut shares of Dorian LPG from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 11th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Dorian LPG in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $42.00.

Dorian LPG Trading Up 2.2%

The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 14.70 and a beta of 0.63. The company’s 50-day moving average is $35.57 and its 200-day moving average is $30.80. The company has a quick ratio of 2.40, a current ratio of 2.41 and a debt-to-equity ratio of 0.38.

Dorian LPG Dividend Announcement

The business also recently declared a special dividend, which will be paid on Thursday, May 28th. Shareholders of record on Monday, May 18th will be given a dividend of $1.00 per share. The ex-dividend date is Monday, May 18th.

Insider Buying and Selling at Dorian LPG

In other Dorian LPG news, CFO Theodore B. Young sold 10,000 shares of Dorian LPG stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $34.84, for a total transaction of $348,400.00. Following the completion of the sale, the chief financial officer directly owned 122,926 shares in the company, valued at $4,282,741.84. This trade represents a 7.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 13.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dorian LPG

A number of institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its position in shares of Dorian LPG by 14.0% during the first quarter. PNC Financial Services Group Inc. now owns 2,590 shares of the shipping company’s stock valued at $89,000 after acquiring an additional 318 shares during the last quarter. IHT Wealth Management LLC increased its position 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 acquiring an additional 365 shares during the last quarter. WINTON GROUP Ltd increased its position 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 during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Dorian LPG by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 13,286 shares of the shipping company’s stock valued at $324,000 after acquiring an additional 390 shares during the last quarter. Finally, CoreCap Advisors LLC increased its position in shares of Dorian LPG by 18.7% during the fourth quarter. CoreCap Advisors LLC now owns 3,269 shares of the shipping company’s stock valued at $80,000 after acquiring an additional 514 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

About Dorian LPG

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.