Dorian LPG (NYSE:LPG) Trading Up 5.1% – Still a Buy?

Dorian LPG Ltd. (NYSE:LPG)’s stock price rose 5.1% during mid-day trading on Monday . The company traded as high as $43.61 and last traded at $43.1090. Approximately 89,125 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 605,820 shares. The stock had previously closed at $41.03.

Analyst Ratings Changes

LPG has been the subject of several research reports. Wall Street Zen cut shares of Dorian LPG from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 12th. Jefferies Financial Group boosted their target price on shares of Dorian LPG from $42.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Freedom Capital lowered Dorian LPG from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Dnb Carnegie upgraded shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Pareto Securities restated a “buy” rating on shares of Dorian LPG in a research note on Thursday, May 21st. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Dorian LPG presently has a consensus rating of “Moderate Buy” and an average target price of $55.00.

Dorian LPG Stock Up 5.0%

The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 9.47 and a beta of 0.66. The stock’s fifty day simple moving average is $40.89 and its two-hundred day simple moving average is $35.62. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.65 and a current ratio of 2.67.

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

Dorian LPG Announces Dividend

The firm also recently declared a special dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Monday, July 27th will be issued a dividend of $1.00 per share. The ex-dividend date is Monday, July 27th.

Insider Activity at Dorian LPG

In related news, insider Tim Truels Hansen sold 20,000 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $35.38, for a total transaction of $707,600.00. Following the completion of the sale, the insider directly owned 157,842 shares of the company’s stock, valued at approximately $5,584,449.96. This represents a 11.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ted Kalborg sold 15,373 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $45.06, for a total value of $692,707.38. Following the completion of the sale, the director directly owned 66,348 shares in the company, valued at $2,989,640.88. This trade represents a 18.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 13.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dorian LPG

Hedge funds and other institutional investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership acquired a new position in Dorian LPG in the first quarter valued at about $11,929,000. AQR Capital Management LLC grew its position in shares of Dorian LPG by 236.7% during the 2nd quarter. AQR Capital Management LLC now owns 425,478 shares of the shipping company’s stock worth $10,373,000 after buying an additional 299,107 shares during the period. Bank of America Corp DE increased its stake in shares of Dorian LPG by 136.2% in the 2nd quarter. Bank of America Corp DE now owns 368,986 shares of the shipping company’s stock valued at $8,996,000 after acquiring an additional 212,787 shares during the last quarter. Vanguard Group Inc. boosted its stake 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 last quarter. Finally, Tudor Investment Corp ET AL increased its stake in Dorian LPG by 425.4% in the third quarter. Tudor Investment Corp ET AL now owns 256,216 shares of the shipping company’s stock valued at $7,635,000 after purchasing an additional 207,450 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

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.