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

Dorian LPG Ltd. (NYSE:LPG) declared a None dividend on Wednesday, July 24th, Zacks reports. Investors of record on Thursday, August 8th will be given a dividend of 1.00 per share by the shipping company on Wednesday, August 21st. The ex-dividend date of this dividend is Thursday, August 8th.

Dorian LPG Stock Performance

NYSE LPG opened at $37.77 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.60 and a current ratio of 4.60. The company has a market capitalization of $1.53 billion, a PE ratio of 4.97 and a beta of 0.97. Dorian LPG has a 52-week low of $24.17 and a 52-week high of $51.66. The company has a 50-day simple moving average of $42.38 and a 200 day simple moving average of $40.47.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings results on Thursday, August 1st. The shipping company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.23. Dorian LPG had a net margin of 54.48% and a return on equity of 30.64%. The company had revenue of $114.30 million for the quarter, compared to analysts’ expectations of $113.70 million. During the same quarter in the previous year, the firm posted $1.21 EPS. Dorian LPG’s revenue was up 2.4% on a year-over-year basis. On average, research analysts predict that Dorian LPG will post 4.72 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. DNB Markets raised shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Wednesday, July 3rd. StockNews.com cut shares of Dorian LPG from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Finally, Jefferies Financial Group lifted their price objective on Dorian LPG from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd.

Dorian LPG Company Profile

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.