Dorian LPG Ltd. (LPG) – What Are Researchers Thinking About This Stock?

Dorian LPG Ltd. (NYSE:LPG) has been assigned a consensus recommendation of “Buy” from the five ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $55.00.

Several research firms have issued reports on LPG. Wall Street Zen upgraded Dorian LPG from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Dorian LPG in a research note on Tuesday, August 25th. Finally, Freedom Capital raised shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th.

Dorian LPG Stock Down 5.0%

Shares of Dorian LPG stock opened at $49.35 on Thursday. Dorian LPG has a 1-year low of $23.76 and a 1-year high of $59.97. The company has a market capitalization of $2.11 billion, a PE ratio of 6.54 and a beta of 0.64. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.26 and a quick ratio of 3.24. The business has a 50-day moving average of $54.26 and a 200-day moving average of $42.26.

Dorian LPG (NYSE:LPG) last released its quarterly earnings results on Tuesday, August 4th. The shipping company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.12 by $0.40. Dorian LPG had a return on equity of 25.69% and a net margin of 55.00%. The business had revenue of $187.88 million for the quarter, compared to analysts’ expectations of $160.78 million. During the same quarter in the previous year, the firm posted $0.27 earnings per share. The company’s revenue was up 123.1% compared to the same quarter last year.

Dorian LPG Dividend Announcement

The business also recently announced a special dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Monday, November 9th will be given a $1.25 dividend. The ex-dividend date of this dividend is Monday, November 9th. Dorian LPG’s payout ratio is presently 13.25%.

Insider Activity at Dorian LPG

In other Dorian LPG news, CFO Theodore Young sold 11,919 shares of Dorian LPG stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $54.50, for a total value of $649,585.50. Following the completion of the transaction, the chief financial officer directly owned 107,794 shares in the company, valued at $5,874,773. The trade was a 9.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Alexander Hadjipateras sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $54.13, for a total value of $270,650.00. Following the transaction, the chief operating officer owned 95,836 shares of the company’s stock, valued at $5,187,602.68. This represents a 4.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 106,000 shares of company stock valued at $5,455,849 in the last quarter. Insiders own 13.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LPG. Public Employees Retirement System of Ohio bought a new position in Dorian LPG during the second quarter valued at approximately $37,000. KBC Group NV acquired a new stake in shares of Dorian LPG in the 1st quarter valued at $38,000. Allworth Financial LP lifted its stake in shares of Dorian LPG by 65.9% in the 2nd quarter. Allworth Financial LP now owns 1,206 shares of the shipping company’s stock valued at $42,000 after purchasing an additional 479 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in Dorian LPG by 80.3% in the third quarter. Sterling Capital Management LLC now owns 941 shares of the shipping company’s stock worth $52,000 after purchasing an additional 419 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in Dorian LPG in the second quarter worth $57,000. 62.50% of the stock is owned by institutional investors and hedge funds.

About Dorian LPG

Dorian LPG Ltd. (NYSE: LPG) is a maritime transportation company that owns and operates liquefied petroleum gas (LPG) carriers. The company primarily transports propane, butane and other LPG products for energy companies, commodity traders and other commercial customers under time-charter, voyage-charter and other contractual arrangements.

Dorian LPG’s fleet is focused primarily on very large gas carriers (VLGCs), including modern, fuel-efficient vessels designed to transport LPG in large quantities over international trade routes.