Dorian LPG Ltd. (NYSE:LPG) Receives Average Rating of “Hold” from Brokerages

Dorian LPG Ltd. (NYSE:LPG) has earned an average recommendation of “Hold” from the five research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $35.00.

Several analysts have weighed in on LPG shares. Wall Street Zen cut Dorian LPG from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Dorian LPG in a report on Monday, December 29th. Finally, Dnb Carnegie cut shares of Dorian LPG from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 11th.

Dorian LPG Stock Up 3.7%

Shares of NYSE:LPG opened at $34.58 on Wednesday. The firm has a fifty day moving average price of $32.17 and a two-hundred day moving average price of $28.96. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 12.17 and a beta of 0.53. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.41 and a quick ratio of 2.40. Dorian LPG has a one year low of $16.66 and a one year high of $38.40.

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

Dorian LPG Announces Dividend

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

Insider Transactions at Dorian LPG

In other news, CFO Theodore B. Young sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $34.84, for a total transaction of $348,400.00. Following the sale, the chief financial officer owned 122,926 shares in the company, valued at approximately $4,282,741.84. This trade represents a 7.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Tim Truels Hansen sold 25,000 shares of Dorian LPG stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $28.85, for a total transaction of $721,250.00. Following the sale, the insider directly owned 212,842 shares of the company’s stock, valued at $6,140,491.70. This represents a 10.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 13.60% of the company’s stock.

Institutional Investors Weigh In On Dorian LPG

Several hedge funds have recently added to or reduced their stakes in LPG. Aster Capital Management DIFC Ltd purchased a new stake in Dorian LPG during the 3rd quarter valued at about $41,000. Sunbelt Securities Inc. purchased a new position in Dorian LPG in the 3rd quarter worth approximately $41,000. NewEdge Advisors LLC increased its stake in Dorian LPG by 1,003.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock worth $32,000 after purchasing an additional 1,315 shares during the period. Citizens National Bank Trust Department bought a new stake in Dorian LPG in the third quarter valued at approximately $45,000. Finally, EverSource Wealth Advisors LLC lifted its position in 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 purchasing an additional 1,340 shares during the last quarter. Institutional investors 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.