Dorian LPG (NYSE:LPG) Hits New 12-Month High – Here’s Why

Dorian LPG Ltd. (NYSE:LPG)’s share price hit a new 52-week high on Wednesday . The company traded as high as $35.98 and last traded at $35.7950, with a volume of 176577 shares changing hands. The stock had previously closed at $35.14.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Dnb Carnegie upgraded Dorian LPG from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Weiss Ratings restated a “hold (c)” rating on shares of Dorian LPG in a report on Monday, December 29th. Wall Street Zen lowered shares of Dorian LPG from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Finally, Pareto Securities downgraded Dorian LPG from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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 stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 12.67 and a beta of 0.58. The company has a 50-day simple moving average of $28.74 and a two-hundred day simple moving average of $28.54.

Dorian LPG (NYSE:LPG) last announced its quarterly 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 for the quarter, compared to analyst estimates of $115.15 million. During the same period last year, the firm posted $0.43 EPS. The business’s revenue was up 48.7% compared to the same quarter last year. On average, equities research analysts predict that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Announces Dividend

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

Insider Buying and Selling at Dorian LPG

In related news, CFO Theodore B. Young sold 10,000 shares of the firm’s stock in a transaction that occurred 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 directly owned 122,926 shares in the company, valued at $4,282,741.84. This trade represents a 7.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John C. Hadjipateras bought 15,000 shares of the business’s stock in a transaction on Wednesday, January 7th. The shares were acquired at an average cost 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 $4,190,550. This 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 owned by company insiders.

Institutional Investors Weigh In On Dorian LPG

A number of institutional investors have recently added to or reduced their stakes in the company. IHT Wealth Management LLC increased its holdings in shares of Dorian LPG by 2.1% during the 4th quarter. IHT Wealth Management LLC now owns 17,804 shares of the shipping company’s stock valued at $433,000 after acquiring an additional 365 shares during the last quarter. WINTON GROUP Ltd lifted its holdings in Dorian LPG by 0.8% in the 4th quarter. WINTON GROUP Ltd now owns 44,640 shares of the shipping company’s stock worth $1,087,000 after purchasing an additional 373 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Dorian LPG by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 13,286 shares of the shipping company’s stock worth $324,000 after purchasing an additional 390 shares during the period. CoreCap Advisors LLC grew its holdings in Dorian LPG by 18.7% during the fourth quarter. CoreCap Advisors LLC now owns 3,269 shares of the shipping company’s stock valued at $80,000 after purchasing an additional 514 shares during the last quarter. Finally, Moors & Cabot Inc. raised its position in shares of Dorian LPG by 3.4% in the second quarter. Moors & Cabot Inc. now owns 16,858 shares of the shipping company’s stock valued at $411,000 after purchasing an additional 550 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

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.