Dorian LPG (NYSE:LPG) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Dorian LPG Ltd. (NYSE:LPG) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $34.04 and traded as high as $35.85. Dorian LPG shares last traded at $35.1810, with a volume of 550,396 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LPG. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dorian LPG in a research report on Monday, December 29th. Dnb Carnegie lowered shares of Dorian LPG from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 11th. Finally, Wall Street Zen cut shares of Dorian LPG from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 22nd. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $35.00.

Dorian LPG Stock Performance

The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.40 and a current ratio of 2.41. The stock has a market cap of $1.55 billion, a PE ratio of 12.77 and a beta of 0.59. The firm has a fifty day moving average price of $34.11 and a 200 day moving average price of $29.34.

Dorian LPG (NYSE:LPG) last announced its earnings results on Wednesday, February 4th. The shipping company reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.06). Dorian LPG had a return on equity of 11.82% and a net margin of 29.88%.The business had revenue of $119.96 million for the quarter, compared to analysts’ expectations of $115.15 million. During the same quarter last year, the firm earned $0.43 earnings per share. The firm’s quarterly revenue was up 48.7% compared to the same quarter last year. Research analysts forecast that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Tuesday, February 24th. Stockholders of record on Monday, February 9th were issued a dividend of $0.70 per share. The ex-dividend date was Monday, February 9th. This represents a dividend yield of 881.0%.

Insider Activity at Dorian LPG

In related news, CFO Theodore B. Young sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $34.84, for a total value of $348,400.00. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Invesco Ltd. lifted its stake in shares of Dorian LPG by 59.3% during the fourth quarter. Invesco Ltd. now owns 466,511 shares of the shipping company’s stock worth $11,355,000 after buying an additional 173,621 shares during the period. Summit Global Investments acquired a new position in shares of Dorian LPG in the 4th quarter valued at $414,000. Vident Advisory LLC raised its stake in Dorian LPG by 21.2% in the 4th quarter. Vident Advisory LLC now owns 25,363 shares of the shipping company’s stock worth $617,000 after acquiring an additional 4,445 shares during the last quarter. nVerses Capital LLC purchased a new position in Dorian LPG in the 4th quarter worth $280,000. Finally, VARCOV Co. acquired a new stake in Dorian LPG during the 4th quarter worth about $924,000. Institutional investors and hedge funds 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.