Dorian LPG Ltd. (NYSE:LPG) Given Average Recommendation of “Moderate Buy” by Brokerages

Dorian LPG Ltd. (NYSE:LPG) has been given a consensus recommendation of “Moderate Buy” by the five brokerages that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $35.00.

A number of equities analysts have weighed in on LPG shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dorian LPG in a research note on Monday, December 29th. Dnb Carnegie upgraded Dorian LPG from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Pareto Securities lowered Dorian LPG from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Wall Street Zen raised Dorian LPG from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd.

Dorian LPG Stock Performance

NYSE LPG opened at $29.82 on Tuesday. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 13.37 and a beta of 0.58. The business’s 50 day moving average is $26.08 and its two-hundred day moving average is $28.13. Dorian LPG has a 12-month low of $16.66 and a 12-month high of $32.79. The company has a current ratio of 3.32, a quick ratio of 3.30 and a debt-to-equity ratio of 0.44.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings data on Wednesday, November 5th. The shipping company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.09). Dorian LPG had a net margin of 26.02% and a return on equity of 9.13%. The company had revenue of $124.06 million during the quarter, compared to analyst estimates of $126.99 million. During the same quarter last year, the business earned $0.35 EPS. The firm’s revenue for the quarter was up 50.6% on a year-over-year basis. Research analysts expect that Dorian LPG will post 2.6 EPS for the current year.

Dorian LPG Dividend Announcement

The business also recently announced a special dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Monday, February 9th will be given a $0.70 dividend. The ex-dividend date of this dividend is Monday, February 9th. This represents a dividend yield of 950.0%.

Insider Buying and Selling

In related news, insider Tim Truels Hansen sold 25,000 shares of Dorian LPG stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $28.85, for a total transaction of $721,250.00. Following the sale, the insider owned 212,842 shares of the company’s stock, valued at $6,140,491.70. The trade was a 10.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO John C. Hadjipateras bought 15,000 shares of the stock in a transaction dated Wednesday, January 7th. The shares were acquired at an average price of $27.30 per share, with a total value of $409,500.00. Following the completion of the purchase, the chief executive officer directly owned 153,500 shares of the company’s stock, valued at approximately $4,190,550. This represents a 10.83% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 13.60% of the stock is owned by corporate insiders.

Institutional Trading of Dorian LPG

Institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its holdings in Dorian LPG by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,493,668 shares of the shipping company’s stock worth $74,312,000 after buying an additional 13,241 shares in the last quarter. Vanguard Group Inc. boosted its position in Dorian LPG by 12.4% during the 4th quarter. Vanguard Group Inc. now owns 1,874,907 shares of the shipping company’s stock worth $45,635,000 after acquiring an additional 207,575 shares during the period. American Century Companies Inc. grew its stake in shares of Dorian LPG by 6.2% in the third quarter. American Century Companies Inc. now owns 1,697,048 shares of the shipping company’s stock worth $50,572,000 after purchasing an additional 99,485 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Dorian LPG by 3.8% during the second quarter. Geode Capital Management LLC now owns 1,112,333 shares of the shipping company’s stock valued at $27,121,000 after purchasing an additional 40,859 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of Dorian LPG by 55.8% during the third quarter. Millennium Management LLC now owns 572,315 shares of the shipping company’s stock valued at $17,055,000 after purchasing an additional 204,861 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

Dorian LPG Company Profile

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.