Dorian LPG Ltd. (NYSE:LPG) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Dorian LPG Ltd. (NYSE:LPG) have been given an average recommendation of “Moderate Buy” by the five research firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $35.00.

Several equities analysts have recently weighed in on the stock. Dnb Carnegie raised shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Pareto Securities lowered shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Wall Street Zen downgraded shares of Dorian LPG from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Dorian LPG in a research note on Monday, December 29th.

Insider Activity

In related news, CEO John C. Hadjipateras purchased 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was bought at an average price of $27.30 per share, with a total value of $409,500.00. Following the acquisition, the chief executive officer owned 153,500 shares in the company, valued at $4,190,550. The trade was a 10.83% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Theodore B. Young sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $34.84, for a total transaction of $348,400.00. Following the transaction, the chief financial officer owned 122,926 shares of the company’s stock, valued at $4,282,741.84. This represents a 7.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 13.60% of the company’s stock.

Institutional Trading of Dorian LPG

A number of institutional investors and hedge funds have recently modified their holdings of the stock. IHT Wealth Management LLC raised its position in shares of Dorian LPG by 2.1% during the 4th quarter. IHT Wealth Management LLC now owns 17,804 shares of the shipping company’s stock worth $433,000 after purchasing an additional 365 shares during the last quarter. WINTON GROUP Ltd raised its holdings in shares of Dorian LPG by 0.8% during the fourth quarter. WINTON GROUP Ltd now owns 44,640 shares of the shipping company’s stock valued at $1,087,000 after acquiring an additional 373 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Dorian LPG by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 13,286 shares of the shipping company’s stock valued at $324,000 after acquiring an additional 390 shares in the last quarter. CoreCap Advisors LLC boosted its stake in shares of Dorian LPG by 18.7% in the fourth quarter. CoreCap Advisors LLC now owns 3,269 shares of the shipping company’s stock worth $80,000 after acquiring an additional 514 shares during the last quarter. Finally, Moors & Cabot Inc. increased its position in shares of Dorian LPG by 3.4% during the second quarter. Moors & Cabot Inc. now owns 16,858 shares of the shipping company’s stock worth $411,000 after purchasing an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Dorian LPG Price Performance

Shares of LPG opened at $37.26 on Friday. The business’s 50-day moving average is $30.21 and its two-hundred day moving average is $28.83. The company has a market capitalization of $1.59 billion, a P/E ratio of 13.12 and a beta of 0.53. Dorian LPG has a fifty-two week low of $16.66 and a fifty-two week high of $38.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.40 and a current ratio of 2.41.

Dorian LPG (NYSE:LPG) last issued its earnings results on Thursday, February 5th. The shipping company reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.06). The company had revenue of $118.23 million during the quarter, compared to analysts’ expectations of $115.15 million. Dorian LPG had a return on equity of 11.82% and a net margin of 29.88%.The firm’s quarterly revenue was up 48.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 EPS. Research analysts predict that Dorian LPG will post 2.6 earnings per share for the current year.

Dorian LPG Announces Dividend

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

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.