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

Dorian LPG Ltd. (NYSE:LPG) has been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $55.00.

A number of research firms have issued reports on LPG. Dnb Carnegie raised shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Pareto Securities reissued a “buy” rating on shares of Dorian LPG in a research note on Thursday, May 21st. Freedom Capital lowered shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Weiss Ratings raised shares of Dorian LPG from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Finally, Wall Street Zen raised shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 23rd.

Insider Buying and Selling at Dorian LPG

In related news, Director Ted Kalborg sold 15,373 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $45.06, for a total value of $692,707.38. Following the sale, the director directly owned 66,348 shares in the company, valued at $2,989,640.88. The trade was a 18.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 13.60% of the company’s stock.

Institutional Investors Weigh In On Dorian LPG

Large investors have recently made changes to their positions in the company. KBC Group NV acquired a new stake in shares of Dorian LPG during the first quarter valued at approximately $38,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Dorian LPG during the third quarter valued at approximately $41,000. Sunbelt Securities Inc. purchased a new position in Dorian LPG during the third quarter valued at approximately $41,000. NewEdge Advisors LLC grew its position in Dorian LPG by 1,003.8% during the first quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock valued at $32,000 after purchasing an additional 1,315 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Dorian LPG by 429.5% during 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 in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Dorian LPG Price Performance

LPG opened at $41.59 on Monday. The company has a 50-day moving average of $38.63 and a 200-day moving average of $32.41. The company has a market capitalization of $1.78 billion, a P/E ratio of 9.14 and a beta of 0.62. Dorian LPG has a 1-year low of $22.10 and a 1-year high of $48.12. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.65 and a current ratio of 2.67.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings results on Tuesday, May 19th. The shipping company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.41 by $0.48. Dorian LPG had a net margin of 40.22% and a return on equity of 18.01%. The business had revenue of $153.27 million during the quarter, compared to analyst estimates of $128.87 million. During the same period in the previous year, the business posted $0.25 EPS. The company’s quarterly revenue was up 102.0% on a year-over-year basis.

Dorian LPG Announces Dividend

The business also recently declared a special dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were paid a $1.00 dividend. This represents a dividend yield of 951.0%. The ex-dividend date of this dividend was Monday, May 18th. Dorian LPG’s dividend payout ratio is currently 21.98%.

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.