Dorian LPG Ltd. (LPG) To Go Ex-Dividend on July 27th

Dorian LPG Ltd. (NYSE:LPG) declared a special dividend on Wednesday, July 15th. Shareholders of record on Monday, July 27th will be given a dividend of 1.00 per share by the shipping company on Wednesday, August 12th. The ex-dividend date of this dividend is Monday, July 27th.

Dorian LPG has a payout ratio of 36.2% meaning its dividend is sufficiently covered by earnings.

Dorian LPG Stock Performance

Dorian LPG stock opened at $41.20 on Friday. The firm has a market capitalization of $1.76 billion, a P/E ratio of 9.05 and a beta of 0.66. Dorian LPG has a 52 week low of $23.76 and a 52 week high of $48.12. The company has a current ratio of 2.67, a quick ratio of 2.65 and a debt-to-equity ratio of 0.40. The stock has a fifty day moving average price of $40.88 and a 200 day moving average price of $35.50.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings results on Tuesday, May 19th. The shipping company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.41 by $0.48. The company had revenue of $153.27 million during the quarter, compared to analyst estimates of $128.87 million. Dorian LPG had a return on equity of 18.01% and a net margin of 40.22%.The firm’s revenue was up 102.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 earnings per share.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on LPG shares. Freedom Capital downgraded shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Jefferies Financial Group increased their price objective on shares of Dorian LPG from $42.00 to $55.00 and gave the company a “buy” rating in a report 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. Pareto Securities reaffirmed a “buy” rating on shares of Dorian LPG in a report on Thursday, May 21st. Finally, Weiss Ratings upgraded Dorian LPG from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $55.00.

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.