Dorian LPG Ltd. (NYSE:LPG) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Dorian LPG Ltd. (NYSE:LPG) have been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $35.00.

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

Insider Activity

In other news, insider Tim Truels Hansen sold 25,000 shares of the business’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $28.85, for a total transaction of $721,250.00. Following the completion of the transaction, the insider directly owned 212,842 shares in the company, valued at approximately $6,140,491.70. The trade was a 10.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John C. Hadjipateras purchased 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was purchased at an average price of $27.30 per share, for a total transaction of $409,500.00. Following the completion of the transaction, the chief executive officer directly owned 153,500 shares in the company, valued at $4,190,550. This trade represents a 10.83% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 13.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dorian LPG

Several large investors have recently bought and sold shares of LPG. NewEdge Advisors LLC raised its holdings 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 worth $32,000 after purchasing an additional 1,315 shares during the period. EverSource Wealth Advisors LLC increased 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 valued at $40,000 after buying an additional 1,340 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Dorian LPG during the 3rd quarter worth $41,000. Sunbelt Securities Inc. bought a new position in Dorian LPG during the third quarter worth about $41,000. Finally, Citizens National Bank Trust Department bought a new position in Dorian LPG during the third quarter worth about $45,000. Institutional investors own 62.50% of the company’s stock.

Dorian LPG Price Performance

Shares of NYSE:LPG opened at $36.94 on Friday. The firm has a market capitalization of $1.58 billion, a PE ratio of 13.01 and a beta of 0.58. 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 has a 1-year low of $16.66 and a 1-year high of $37.12. The business’s 50 day moving average is $29.44 and its 200-day moving average is $28.69.

Dorian LPG (NYSE:LPG) last issued 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). 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 last year, the business earned $0.43 earnings per share. The firm’s revenue for the quarter was up 48.7% compared to the same quarter last year. Sell-side analysts predict that Dorian LPG will post 2.6 earnings per share for the current year.

Dorian LPG Dividend Announcement

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

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.