Dorian LPG (NYSE:LPG) Stock Price Up 9.9% – Time to Buy?

Dorian LPG Ltd. (NYSE:LPG)’s stock price rose 9.9% during mid-day trading on Monday . The company traded as high as $19.28 and last traded at $19.05. Approximately 271,078 shares traded hands during trading, a decline of 61% from the average daily volume of 695,007 shares. The stock had previously closed at $17.34.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Jefferies Financial Group reissued a “buy” rating and set a $35.00 target price on shares of Dorian LPG in a research note on Friday, January 31st. Pareto Securities raised shares of Dorian LPG to a “buy” rating in a research report on Tuesday, February 4th.

Dorian LPG Price Performance

The company has a quick ratio of 3.95, a current ratio of 3.97 and a debt-to-equity ratio of 0.48. The company has a market cap of $822.01 million, a price-to-earnings ratio of 4.89 and a beta of 0.67. The stock’s 50-day simple moving average is $22.33 and its 200 day simple moving average is $25.93.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings results on Friday, January 31st. The shipping company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. Dorian LPG had a net margin of 38.51% and a return on equity of 15.14%. During the same quarter last year, the firm earned $2.62 EPS. On average, equities research analysts anticipate that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Dorian LPG Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, February 27th. Investors of record on Wednesday, February 5th were issued a $0.70 dividend. The ex-dividend date was Wednesday, February 5th. Dorian LPG’s dividend payout ratio (DPR) is 25.45%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LPG. Beacon Capital Management LLC grew its stake in shares of Dorian LPG by 61.1% during the fourth quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company’s stock worth $27,000 after purchasing an additional 428 shares in the last quarter. Franklin Resources Inc. lifted its stake in Dorian LPG by 2.5% during the fourth quarter. Franklin Resources Inc. now owns 22,593 shares of the shipping company’s stock worth $551,000 after purchasing an additional 545 shares during the last quarter. Voya Investment Management LLC increased its stake in Dorian LPG by 3.8% in the fourth quarter. Voya Investment Management LLC now owns 15,791 shares of the shipping company’s stock valued at $385,000 after purchasing an additional 572 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Dorian LPG by 3.1% during the fourth quarter. Russell Investments Group Ltd. now owns 21,911 shares of the shipping company’s stock worth $534,000 after purchasing an additional 657 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Dorian LPG by 7.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,446 shares of the shipping company’s stock worth $325,000 after buying an additional 692 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Dorian LPG Company Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.