Dorian LPG Ltd. (NYSE:LPG) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Dorian LPG Ltd. (NYSE:LPG) have been assigned a consensus recommendation of “Hold” from the five brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $35.00.

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

Dorian LPG Price Performance

Shares of NYSE LPG opened at $34.58 on Wednesday. The stock has a fifty day simple moving average of $32.17 and a two-hundred day simple moving average of $28.96. Dorian LPG has a 1-year low of $16.66 and a 1-year high of $38.40. The firm 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 current ratio of 2.41, a quick ratio of 2.40 and a debt-to-equity ratio of 0.38.

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

Dorian LPG Dividend Announcement

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

Insider Buying and Selling

In other Dorian LPG news, insider Tim Truels Hansen sold 25,000 shares of the 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 owned 212,842 shares in the company, valued at $6,140,491.70. This represents a 10.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Theodore B. Young sold 10,000 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $34.84, for a total value 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 represents a 7.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 13.60% of the stock is owned by insiders.

Institutional Trading of Dorian LPG

Hedge funds and other institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. grew its holdings in Dorian LPG by 6.2% during the 3rd quarter. American Century Companies Inc. now owns 1,697,048 shares of the shipping company’s stock valued at $50,572,000 after buying an additional 99,485 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of Dorian LPG during the second quarter valued at about $2,999,000. Geode Capital Management LLC lifted its holdings in shares of Dorian LPG by 3.8% in the second quarter. Geode Capital Management LLC now owns 1,112,333 shares of the shipping company’s stock worth $27,121,000 after buying an additional 40,859 shares in the last quarter. Tudor Investment Corp ET AL boosted its position in shares of Dorian LPG by 425.4% in the third quarter. Tudor Investment Corp ET AL now owns 256,216 shares of the shipping company’s stock valued at $7,635,000 after acquiring an additional 207,450 shares during the period. Finally, Avior Wealth Management LLC bought a new position in shares of Dorian LPG in the fourth quarter valued at approximately $439,000. 62.50% of the stock is currently owned by institutional investors.

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.