Dorian LPG Ltd. (NYSE:LPG) Receives $35.00 Consensus PT from Analysts

Dorian LPG Ltd. (NYSE:LPG) has been assigned an average rating of “Hold” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $35.00.

Several research analysts have recently commented on the company. Dnb Carnegie downgraded Dorian LPG from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 11th. Weiss Ratings restated a “hold (c)” rating on shares of Dorian LPG in a research note on Monday, December 29th. Finally, Wall Street Zen downgraded Dorian LPG from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 22nd.

Insider Transactions at Dorian LPG

In related news, insider Tim Truels Hansen sold 25,000 shares of the company’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $28.85, for a total value of $721,250.00. Following the transaction, the insider owned 212,842 shares in the company, valued at approximately $6,140,491.70. This represents a 10.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John C. Hadjipateras purchased 15,000 shares of the stock in a transaction on Wednesday, January 7th. The stock was bought at an average cost of $27.30 per share, for a total transaction of $409,500.00. Following the completion of the acquisition, the chief executive officer 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. Additional details regarding this purchase are available in the official SEC disclosure. 13.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dorian LPG

Institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Dorian LPG by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,603 shares of the shipping company’s stock worth $483,000 after purchasing an additional 914 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Dorian LPG by 1,003.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock valued at $32,000 after purchasing an additional 1,315 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Dorian LPG by 50.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 178,039 shares of the shipping company’s stock valued at $3,977,000 after buying an additional 59,311 shares in the last quarter. Jane Street Group LLC increased its position in Dorian LPG by 130.6% during the 1st quarter. Jane Street Group LLC now owns 133,850 shares of the shipping company’s stock worth $2,990,000 after buying an additional 75,818 shares during the period. Finally, ProShare Advisors LLC bought a new position in Dorian LPG during the 2nd quarter worth $202,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Dorian LPG Trading Up 2.8%

Shares of NYSE:LPG opened at $34.12 on Wednesday. Dorian LPG has a 52-week low of $16.66 and a 52-week high of $38.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.40 and a current ratio of 2.41. The company has a market capitalization of $1.46 billion, a P/E ratio of 12.01 and a beta of 0.53. The company has a 50-day simple moving average of $32.65 and a 200 day simple moving average of $29.03.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings results on Wednesday, February 4th. 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 $119.96 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%.Dorian LPG’s quarterly revenue was up 48.7% compared to the same quarter last year. During the same period last year, the firm earned $0.43 EPS. Sell-side analysts forecast that Dorian LPG will post 2.6 earnings per share for the current year.

Dorian LPG Dividend Announcement

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

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.