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

Dorian LPG Ltd. (NYSE:LPG) has been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $55.00.

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Dnb Carnegie upgraded shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Jefferies Financial Group increased their target price on shares of Dorian LPG from $42.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Pareto Securities reissued a “buy” rating on shares of Dorian LPG in a research note on Thursday, May 21st. Finally, Freedom Capital upgraded shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th.

Dorian LPG Trading Down 5.7%

Shares of NYSE LPG opened at $47.88 on Friday. The company has a current ratio of 3.26, a quick ratio of 3.24 and a debt-to-equity ratio of 0.28. Dorian LPG has a one year low of $23.76 and a one year high of $52.10. The business has a 50-day moving average price of $42.94 and a two-hundred day moving average price of $39.25. The firm has a market capitalization of $2.05 billion, a PE ratio of 6.34 and a beta of 0.65.

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

Dorian LPG Announces Dividend

The company also recently disclosed a special dividend, which was paid on Wednesday, August 12th. Investors of record on Monday, July 27th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, July 27th.

Insider Buying and Selling

In other Dorian LPG news, insider Tim Truels Hansen sold 25,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $45.04, for a total value of $1,126,000.00. Following the transaction, the insider owned 157,675 shares in the company, valued at $7,101,682. The trade was a 13.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 13.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dorian LPG

Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new position in Dorian LPG in the second quarter worth approximately $37,000. KBC Group NV acquired a new stake in Dorian LPG in the first quarter valued at approximately $38,000. Sunbelt Securities Inc. bought a new stake in Dorian LPG in the third quarter worth approximately $41,000. NewEdge Advisors LLC grew its position in Dorian LPG by 1,003.8% in the first quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock worth $32,000 after acquiring an additional 1,315 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Dorian LPG by 429.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock worth $40,000 after purchasing an additional 1,340 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.