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

Shares of Dorian LPG Ltd. (NYSE:LPG) have earned an average rating of “Buy” from the five brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $55.00.

A number of research firms have weighed in on LPG. Wall Street Zen raised shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of Dorian LPG in a research report on Tuesday, August 25th. Jefferies Financial Group upped their target price on shares of Dorian LPG from $42.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Freedom Capital raised shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Finally, Pareto Securities reiterated a “buy” rating on shares of Dorian LPG in a research note on Thursday, May 21st.

Dorian LPG Stock Performance

Shares of LPG opened at $56.85 on Wednesday. The company has a market cap of $2.43 billion, a PE ratio of 7.53 and a beta of 0.61. The firm has a 50-day moving average of $47.30 and a 200-day moving average of $41.16. Dorian LPG has a one year low of $23.76 and a one year high of $56.93. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.26 and a quick ratio of 3.24.

Dorian LPG (NYSE:LPG) last released its earnings results on Tuesday, August 4th. The shipping company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.40. Dorian LPG had a return on equity of 25.69% and a net margin of 55.00%.The firm had revenue of $187.88 million during the quarter, compared to the consensus estimate of $160.78 million. During the same period in the prior year, the company posted $0.27 EPS. The company’s revenue was up 123.1% compared to the same quarter last year.

Dorian LPG Announces Dividend

The company also recently disclosed a special dividend, which was paid on Wednesday, August 12th. Investors of record on Monday, July 27th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, July 27th.

Insider Activity at Dorian LPG

In other news, CFO Theodore B. Young sold 11,919 shares of Dorian LPG stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $54.50, for a total transaction of $649,585.50. Following the completion of the sale, the chief financial officer directly owned 107,794 shares in the company, valued at approximately $5,874,773. This trade represents a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tim Hansen sold 50,000 shares of Dorian LPG stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $53.12, for a total transaction of $2,656,000.00. Following the sale, the insider owned 107,675 shares of the company’s stock, valued at $5,719,696. The trade was a 31.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 126,000 shares of company stock worth $6,163,449 in the last 90 days. Company insiders own 13.50% of the company’s stock.

Institutional Investors Weigh In On Dorian LPG

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Dorian LPG by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,549,771 shares of the shipping company’s stock worth $87,199,000 after purchasing an additional 73,754 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Dorian LPG in the 1st quarter valued at $11,929,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Dorian LPG by 227.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 215,568 shares of the shipping company’s stock worth $7,247,000 after buying an additional 149,787 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Dorian LPG by 117.5% during the 1st quarter. Empowered Funds LLC now owns 197,030 shares of the shipping company’s stock worth $6,738,000 after buying an additional 106,428 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Dorian LPG by 2,540.0% during the 1st quarter. Pacer Advisors Inc. now owns 190,446 shares of the shipping company’s stock worth $6,513,000 after buying an additional 183,232 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

Dorian LPG Company Profile

Dorian LPG Ltd. (NYSE: LPG) is a maritime transportation company that owns and operates very large gas carriers (VLGCs). The company primarily transports liquefied petroleum gas (LPG), including propane and butane, for energy producers, commodity traders and other customers in international markets.

Dorian LPG’s fleet is designed for the ocean transportation of LPG between major exporting and importing regions. Its vessels support global trade routes linking LPG-producing areas, including the United States and the Middle East, with demand centers in Asia, Europe and other regions.