Dorian LPG (NYSE:LPG) Issues Quarterly Earnings Results

Dorian LPG (NYSE:LPG) posted its quarterly earnings data on Tuesday. The shipping company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.53, FiscalAI reports. The business had revenue of $153.27 million during the quarter, compared to the consensus estimate of $126.25 million. Dorian LPG had a net margin of 29.88% and a return on equity of 11.82%.

Dorian LPG Trading Up 1.2%

Shares of LPG stock opened at $42.40 on Wednesday. Dorian LPG has a 52-week low of $20.03 and a 52-week high of $43.09. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 14.93 and a beta of 0.63. 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 firm has a fifty day moving average of $35.87 and a 200-day moving average of $30.99.

Dorian LPG Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 18th will be paid a $1.00 dividend. The ex-dividend date is Monday, May 18th. Dorian LPG’s dividend payout ratio is currently 35.21%.

Analyst Ratings Changes

Several research firms recently issued reports on LPG. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dorian LPG in a report on Wednesday, April 22nd. Jefferies Financial Group started coverage on shares of Dorian LPG in a research note on Friday, April 24th. They set a “buy” rating and a $42.00 target price for the company. Wall Street Zen cut shares of Dorian LPG from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 22nd. Finally, Dnb Carnegie upgraded shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a research note on Monday. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $42.00.

Institutional Investors Weigh In On Dorian LPG

A number of hedge funds have recently made changes to their positions in LPG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of 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 in the last quarter. NewEdge Advisors LLC grew its holdings in Dorian LPG by 1,003.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock worth $32,000 after acquiring an additional 1,315 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of 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 purchasing an additional 59,311 shares during the last quarter. Jane Street Group LLC raised its position in shares of Dorian LPG by 130.6% during the 1st quarter. Jane Street Group LLC now owns 133,850 shares of the shipping company’s stock valued at $2,990,000 after acquiring an additional 75,818 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Dorian LPG by 12.7% during the 2nd quarter. Cetera Investment Advisers now owns 13,613 shares of the shipping company’s stock valued at $332,000 after acquiring an additional 1,539 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., 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.