Dorian LPG Ltd. (NYSE:LPG) Receives $55.00 Consensus PT from Brokerages

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

A number of equities analysts recently issued reports on LPG shares. Wall Street Zen raised shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Dorian LPG in a research note on Tuesday, August 25th. Finally, Freedom Capital upgraded Dorian LPG from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th.

Dorian LPG Price Performance

LPG opened at $53.60 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.24 and a current ratio of 3.26. Dorian LPG has a 52-week low of $23.76 and a 52-week high of $59.97. The stock has a market capitalization of $2.29 billion, a PE ratio of 7.10 and a beta of 0.61. The stock’s 50 day moving average price is $48.97 and its 200-day moving average price is $41.86.

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

Dorian LPG Dividend Announcement

The firm also recently announced a special dividend, which was paid on Wednesday, August 12th. Stockholders of record on Monday, July 27th were given a $1.00 dividend. The ex-dividend date of this dividend was Monday, July 27th.

Insider Transactions at Dorian LPG

In related news, CFO Theodore B. Young sold 11,919 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $54.50, for a total transaction of $649,585.50. Following the sale, the chief financial officer owned 107,794 shares of the company’s stock, valued at $5,874,773. The trade was a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Tim Hansen sold 50,000 shares of the company’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $53.12, for a total transaction of $2,656,000.00. Following the completion of the sale, the insider owned 107,675 shares in the company, valued at approximately $5,719,696. This trade represents a 31.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 126,000 shares of company stock valued at $6,163,449 in the last three months. 13.50% of the stock is currently owned by company insiders.

Institutional Trading of Dorian LPG

A number of hedge funds have recently made changes to their positions in LPG. Dimensional Fund Advisors LP grew its stake in shares of Dorian LPG by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,549,771 shares of the shipping company’s stock worth $87,199,000 after acquiring an additional 73,754 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Dorian LPG in the first quarter worth about $11,929,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Dorian LPG by 227.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 215,568 shares of the shipping company’s stock worth $7,247,000 after buying an additional 149,787 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Dorian LPG by 117.5% in the first quarter. Empowered Funds LLC now owns 197,030 shares of the shipping company’s stock worth $6,738,000 after buying an additional 106,428 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Dorian LPG by 2,540.0% during the first quarter. Pacer Advisors Inc. now owns 190,446 shares of the shipping company’s stock valued at $6,513,000 after buying an additional 183,232 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

About Dorian LPG

Dorian LPG Ltd. (NYSE: LPG) is a maritime transportation company that owns and operates very large gas carriers (VLGCs). The company primarily transports liquefied petroleum gas (LPG), including propane and butane, for energy producers, commodity traders and other customers in international markets.

Dorian LPG’s fleet is designed for the ocean transportation of LPG between major exporting and importing regions. Its vessels support global trade routes linking LPG-producing areas, including the United States and the Middle East, with demand centers in Asia, Europe and other regions.