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

Dorian LPG Ltd. (NYSE:LPG) announced a None dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Wednesday, May 8th will be paid a dividend of 1.00 per share by the shipping company on Thursday, May 30th. The ex-dividend date of this dividend is Tuesday, May 7th.

Dorian LPG Trading Up 0.6 %

NYSE LPG opened at $42.89 on Monday. Dorian LPG has a one year low of $21.07 and a one year high of $49.54. The company has a debt-to-equity ratio of 0.57, a quick ratio of 3.29 and a current ratio of 3.31. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 5.70 and a beta of 1.08. The company’s 50-day simple moving average is $38.90 and its two-hundred day simple moving average is $39.25.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings data on Thursday, February 1st. The shipping company reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.35. The company had revenue of $163.06 million during the quarter, compared to the consensus estimate of $154.49 million. Dorian LPG had a net margin of 55.02% and a return on equity of 33.59%. During the same quarter in the previous year, the firm posted $1.29 earnings per share. Equities analysts forecast that Dorian LPG will post 7.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. StockNews.com cut Dorian LPG from a “buy” rating to a “hold” rating in a research note on Thursday. DNB Markets downgraded shares of Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 target price for the company. in a research report on Friday, January 26th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $50.00 price objective on shares of Dorian LPG in a report on Thursday, February 1st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.25.

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.