Dorian LPG (NYSE:LPG) Reaches New 52-Week High – Time to Buy?

Dorian LPG Ltd. (NYSE:LPG)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $33.05 and last traded at $32.9440, with a volume of 181583 shares. The stock had previously closed at $32.18.

Wall Street Analysts Forecast Growth

LPG has been the topic of a number of recent research reports. Pareto Securities lowered Dorian LPG from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Dnb Carnegie raised shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Wall Street Zen raised shares of Dorian LPG from a “hold” rating to a “buy” rating in a report on Saturday, January 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Dorian LPG in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Dorian LPG Price Performance

The company has a debt-to-equity ratio of 0.38, a current ratio of 2.41 and a quick ratio of 2.40. The company has a fifty day moving average of $27.14 and a 200-day moving average of $28.28. The firm has a market cap of $1.42 billion, a P/E ratio of 11.72 and a beta of 0.58.

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

Dorian LPG Announces Dividend

The company also recently declared a special dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Monday, February 9th will be given a dividend of $0.70 per share. This represents a dividend yield of 881.0%. The ex-dividend date of this dividend is Monday, February 9th.

Insider Activity

In other Dorian LPG news, CEO John C. Hadjipateras purchased 15,000 shares of the stock in a transaction dated Wednesday, January 7th. The shares were bought at an average price of $27.30 per share, with a total value of $409,500.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tim Truels Hansen sold 25,000 shares of the firm’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $28.85, for a total value of $721,250.00. Following the completion of the transaction, the insider directly owned 212,842 shares of the company’s stock, valued at $6,140,491.70. The trade was 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 owned by company insiders.

Hedge Funds Weigh In On Dorian LPG

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Evermay Wealth Management LLC purchased a new position in shares of Dorian LPG during the 2nd quarter valued at about $32,000. NewEdge Advisors LLC boosted 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 valued at $32,000 after acquiring an additional 1,315 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Dorian LPG by 429.5% in the second 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 in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Dorian LPG during the third quarter valued at approximately $41,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Dorian LPG in the 3rd quarter worth about $41,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

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.