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

Shares of Dorian LPG Ltd. (NYSE:LPG) have received an average rating of “Moderate Buy” from the five ratings firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $35.00.

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

Insider Buying and Selling

In related news, insider Tim Truels Hansen sold 25,000 shares of the firm’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $28.85, for a total value of $721,250.00. Following the completion of the transaction, the insider directly owned 212,842 shares of the company’s stock, valued at approximately $6,140,491.70. This trade represents a 10.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Theodore B. Young sold 10,000 shares of the business’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 in the company, valued at approximately $4,282,741.84. The trade was a 7.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 13.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new stake in shares of Dorian LPG in the 3rd quarter valued at about $41,000. Sunbelt Securities Inc. acquired a new position in Dorian LPG during the third quarter worth approximately $41,000. NewEdge Advisors LLC raised its stake 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 valued at $32,000 after buying an additional 1,315 shares during the period. Citizens National Bank Trust Department acquired a new stake in shares of Dorian LPG in the third quarter valued at approximately $45,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Dorian LPG by 429.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock valued at $40,000 after buying an additional 1,340 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Dorian LPG Price Performance

Shares of LPG opened at $36.94 on Friday. The stock has a 50 day simple moving average of $29.44 and a 200 day simple moving average of $28.69. Dorian LPG has a 52-week low of $16.66 and a 52-week high of $37.12. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.40 and a current ratio of 2.41. The firm has a market capitalization of $1.58 billion, a PE ratio of 13.01 and a beta of 0.58.

Dorian LPG (NYSE:LPG) last announced its earnings results on Thursday, February 5th. The shipping company reported $1.11 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.06). The company had revenue of $118.23 million for the quarter, compared to analyst estimates of $115.15 million. Dorian LPG had a return on equity of 11.82% and a net margin of 29.88%.The business’s quarterly revenue was up 48.7% on a year-over-year basis. During the same quarter last year, the business posted $0.43 earnings per share. Sell-side analysts predict that Dorian LPG will post 2.6 EPS for the current fiscal year.

Dorian LPG Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Tuesday, February 24th. Stockholders of record on Monday, February 9th were issued a $0.70 dividend. The ex-dividend date was Monday, February 9th. This represents a dividend yield of 881.0%.

Dorian LPG Company Profile

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.