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

Dorian LPG Ltd. (NYSE:LPGGet Free Report) has received an average rating of “Moderate Buy” from the five analysts that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $35.00.

A number of research analysts have commented on the company. Dnb Carnegie upgraded Dorian LPG from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Pareto Securities lowered shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dorian LPG in a research note on Monday, December 29th. Finally, Wall Street Zen raised shares of Dorian LPG from a “hold” rating to a “buy” rating in a research report on Saturday, January 3rd.

Get Our Latest Report on Dorian LPG

Insider Buying and Selling

In other Dorian LPG news, CEO John C. Hadjipateras purchased 15,000 shares of the firm’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 purchase, the chief executive officer directly owned 153,500 shares in the company, valued at approximately $4,190,550. This trade represents a 10.83% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tim Truels Hansen sold 25,000 shares of Dorian LPG stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $28.85, for a total transaction of $721,250.00. Following the completion of the transaction, the insider owned 212,842 shares in the company, valued at approximately $6,140,491.70. This trade represents a 10.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 13.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dorian LPG

A number of large investors have recently added to or reduced their stakes in the business. Evermay Wealth Management LLC purchased a new stake in Dorian LPG in the second quarter valued at approximately $32,000. NewEdge Advisors LLC grew its stake in shares of Dorian LPG by 1,003.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock valued at $32,000 after buying an additional 1,315 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Dorian LPG by 429.5% during 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 stake in Dorian LPG during the third quarter valued at about $41,000. Finally, Sunbelt Securities Inc. acquired a new stake in Dorian LPG during the third quarter worth about $41,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Key Dorian LPG News

Here are the key news stories impacting Dorian LPG this week:

Dorian LPG Price Performance

Shares of NYSE LPG opened at $32.39 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.30 and a current ratio of 2.41. The firm has a fifty day moving average of $26.56 and a 200 day moving average of $28.20. The firm has a market cap of $1.39 billion, a PE ratio of 11.40 and a beta of 0.58. Dorian LPG has a one year low of $16.66 and a one year high of $33.02.

Dorian LPG (NYSE:LPGGet Free Report) last posted its quarterly earnings results on Thursday, February 5th. The shipping company reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.06). The business had revenue of $118.23 million for the quarter, compared to analyst estimates of $115.15 million. Dorian LPG had a return on equity of 11.82% and a net margin of 29.88%.The business’s revenue was up 48.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 earnings per share. As a group, research analysts predict that Dorian LPG will post 2.6 EPS for the current fiscal year.

Dorian LPG Announces Dividend

The firm also recently declared a special dividend, which will be paid on Tuesday, February 24th. Shareholders of record on Monday, February 9th will be paid a $0.70 dividend. The ex-dividend date is Monday, February 9th. This represents a yield of 950.0%.

About Dorian LPG

(Get Free Report)

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.

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Analyst Recommendations for Dorian LPG (NYSE:LPG)

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