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

Dorian LPG Ltd. (NYSE:LPG) has received an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $55.00.

Several research firms have weighed in on LPG. Jefferies Financial Group upped their target price on Dorian LPG from $42.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Freedom Capital cut Dorian LPG from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. Wall Street Zen raised Dorian LPG from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings raised Dorian LPG from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Finally, Dnb Carnegie raised shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th.

Dorian LPG Price Performance

Shares of NYSE:LPG opened at $43.93 on Tuesday. The firm has a 50 day moving average of $41.31 and a 200-day moving average of $36.45. The stock has a market capitalization of $1.88 billion, a PE ratio of 9.65 and a beta of 0.66. The company has a current ratio of 2.67, a quick ratio of 2.65 and a debt-to-equity ratio of 0.40. Dorian LPG has a 12 month low of $23.76 and a 12 month high of $48.12.

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

Dorian LPG Announces Dividend

The business also recently announced a special dividend, which will be paid on Wednesday, August 12th. Shareholders of record on Monday, July 27th will be given a $1.00 dividend. The ex-dividend date is Monday, July 27th.

Insiders Place Their Bets

In related news, Director Ted Kalborg sold 15,373 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $45.06, for a total transaction of $692,707.38. Following the sale, the director owned 66,348 shares of the company’s stock, valued at $2,989,640.88. This trade represents a 18.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Tim Truels Hansen sold 20,000 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $35.38, for a total value of $707,600.00. Following the sale, the insider owned 157,842 shares in the company, valued at $5,584,449.96. This represents a 11.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 13.60% of the company’s stock.

Hedge Funds Weigh In On Dorian LPG

A number of institutional investors and hedge funds have recently bought and sold shares of LPG. Arrowstreet Capital Limited Partnership bought a new position in Dorian LPG in the first quarter valued at about $11,929,000. AQR Capital Management LLC grew its holdings in shares of Dorian LPG by 236.7% during the second quarter. AQR Capital Management LLC now owns 425,478 shares of the shipping company’s stock worth $10,373,000 after purchasing an additional 299,107 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Dorian LPG by 136.2% during the second quarter. Bank of America Corp DE now owns 368,986 shares of the shipping company’s stock worth $8,996,000 after purchasing an additional 212,787 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Dorian LPG by 12.4% in the fourth quarter. Vanguard Group Inc. now owns 1,874,907 shares of the shipping company’s stock valued at $45,635,000 after buying an additional 207,575 shares during the period. Finally, Tudor Investment Corp ET AL increased its stake in shares of Dorian LPG by 425.4% in the third quarter. Tudor Investment Corp ET AL now owns 256,216 shares of the shipping company’s stock valued at $7,635,000 after buying an additional 207,450 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

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.