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

Dorian LPG Ltd. (NYSE:LPG) has been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $55.00.

Several brokerages recently issued reports on LPG. Wall Street Zen upgraded Dorian LPG from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Weiss Ratings raised Dorian LPG from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Jefferies Financial Group lifted their target price on Dorian LPG from $42.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Dnb Carnegie raised Dorian LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Finally, Freedom Capital upgraded Dorian LPG from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th.

Dorian LPG Trading Up 3.1%

NYSE LPG opened at $51.17 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.24 and a current ratio of 3.26. The firm has a market cap of $2.19 billion, a PE ratio of 6.78 and a beta of 0.65. Dorian LPG has a one year low of $23.76 and a one year high of $52.10. The firm’s fifty day moving average is $42.43 and its two-hundred day moving average is $38.76.

Dorian LPG (NYSE:LPG) last announced its earnings results on Tuesday, August 4th. The shipping company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.40. Dorian LPG had a net margin of 55.00% and a return on equity of 25.69%. The business had revenue of $187.88 million during the quarter, compared to analysts’ expectations of $160.78 million. During the same period in the prior year, the company earned $0.27 earnings per share. The business’s revenue was up 123.1% compared to the same quarter last year.

Dorian LPG Announces Dividend

The company also recently disclosed a special dividend, which was paid on Wednesday, August 12th. Investors of record on Monday, July 27th were given a $1.00 dividend. The ex-dividend date was Monday, July 27th.

Insider Transactions at Dorian LPG

In other Dorian LPG news, insider Tim Truels Hansen sold 25,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $45.04, for a total value of $1,126,000.00. Following the transaction, the insider directly owned 157,675 shares of the company’s stock, valued at approximately $7,101,682. The trade was a 13.69% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 13.50% of the company’s stock.

Institutional Trading of Dorian LPG

Several hedge funds and other institutional investors have recently made changes to their positions in LPG. Empowered Funds LLC lifted its position in Dorian LPG by 117.5% in the first quarter. Empowered Funds LLC now owns 197,030 shares of the shipping company’s stock valued at $6,738,000 after purchasing an additional 106,428 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Dorian LPG during the 1st quarter worth approximately $1,491,000. Segall Bryant & Hamill LLC acquired a new position in Dorian LPG during the 1st quarter worth approximately $1,247,000. Allspring Global Investments Holdings LLC raised its stake in shares of Dorian LPG by 227.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 215,568 shares of the shipping company’s stock worth $7,247,000 after buying an additional 149,787 shares in the last quarter. Finally, Persistent Asset Partners Ltd purchased a new position in shares of Dorian LPG during the 4th quarter worth approximately $1,098,000. 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.