Dorian LPG (NYSE:LPG) Shares Cross Above Fifty Day Moving Average – What’s Next?

Dorian LPG Ltd. (NYSE:LPG)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $39.83 and traded as high as $43.89. Dorian LPG shares last traded at $43.05, with a volume of 722,854 shares trading hands.

Analyst Ratings Changes

Several brokerages have recently weighed in on LPG. 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. Dnb Carnegie raised shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Jefferies Financial Group increased their target price on shares of Dorian LPG from $42.00 to $55.00 and gave the company a “buy” 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, Freedom Capital downgraded shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.00.

Dorian LPG Trading Down 4.7%

The firm has a market cap of $1.84 billion, a PE ratio of 9.46 and a beta of 0.62. The company has a quick ratio of 2.65, a current ratio of 2.67 and a debt-to-equity ratio of 0.40. The company’s 50 day moving average price is $39.83 and its two-hundred day moving average price is $33.20.

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

Dorian LPG Dividend Announcement

The business also recently declared a special dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were paid a $1.00 dividend. This represents a yield of 951.0%. The ex-dividend date of this dividend was Monday, May 18th.

Insider Buying and Selling

In related news, Director Ted Kalborg sold 15,373 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $45.06, for a total value of $692,707.38. Following the transaction, the director owned 66,348 shares of the company’s stock, valued at $2,989,640.88. This trade represents a 18.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 13.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LPG. NewEdge Advisors LLC grew its position in shares of 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 buying an additional 1,315 shares during the last quarter. KBC Group NV purchased a new position in shares of Dorian LPG in the 1st quarter worth approximately $38,000. EverSource Wealth Advisors LLC grew its position in shares of Dorian LPG by 429.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock worth $40,000 after buying an additional 1,340 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Dorian LPG in the 3rd quarter worth approximately $41,000. Finally, Sunbelt Securities Inc. purchased a new position in shares of Dorian LPG in the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

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.