Dorian LPG Ltd. Declares None Dividend of $1.00 (NYSE:LPG)

Dorian LPG Ltd. (NYSE:LPG) announced a None dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Wednesday, May 8th will be paid a dividend of 1.00 per share by the shipping company on Thursday, May 30th. The ex-dividend date of this dividend is Tuesday, May 7th.

Dorian LPG Trading Up 1.3 %

NYSE:LPG opened at $41.80 on Friday. The firm has a market cap of $1.70 billion, a P/E ratio of 5.48 and a beta of 1.13. The company has a current ratio of 3.31, a quick ratio of 3.29 and a debt-to-equity ratio of 0.57. The stock’s 50 day simple moving average is $38.07 and its 200-day simple moving average is $38.65. Dorian LPG has a 12-month low of $21.02 and a 12-month high of $49.54.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings data on Thursday, February 1st. The shipping company reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.35. Dorian LPG had a return on equity of 33.59% and a net margin of 55.02%. The firm had revenue of $163.06 million for the quarter, compared to analyst estimates of $154.49 million. During the same quarter in the prior year, the company posted $1.29 earnings per share. Equities analysts anticipate that Dorian LPG will post 7.49 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on LPG. Jefferies Financial Group reiterated a “buy” rating and set a $50.00 target price on shares of Dorian LPG in a research report on Thursday, February 1st. StockNews.com upgraded Dorian LPG from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, DNB Markets downgraded Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 price objective on the stock. in a research report on Friday, January 26th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Dorian LPG has a consensus rating of “Moderate Buy” and a consensus target price of $40.25.

About Dorian LPG

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.