Dorian LPG Ltd. (LPG) – What Are Analysts Thinking About This Stock?

Dorian LPG Ltd. (NYSE:LPG) has been given a consensus rating of “Buy” by the five brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $55.00.

Several research analysts have commented on LPG shares. Freedom Capital raised shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Dorian LPG in a research note on Tuesday, August 25th. Finally, Wall Street Zen lowered shares of Dorian LPG from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 26th.

Insiders Place Their Bets

In other Dorian LPG news, insider Tim Hansen sold 50,000 shares of the firm’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $53.12, for a total value of $2,656,000.00. Following the transaction, the insider owned 107,675 shares in the company, valued at approximately $5,719,696. This trade represents a 31.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Alexander C. Hadjipateras sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $54.13, for a total value of $270,650.00. Following the transaction, the chief operating officer owned 95,836 shares in the company, valued at approximately $5,187,602.68. This represents a 4.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 106,000 shares of company stock worth $5,455,849. Company insiders own 13.50% of the company’s stock.

Institutional Trading of Dorian LPG

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LPG. Empowered Funds LLC grew its stake in 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 purchasing an additional 106,428 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Dorian LPG in the second quarter valued at approximately $1,478,000. Segall Bryant & Hamill LLC purchased a new position in shares of Dorian LPG in the 1st quarter valued at $1,247,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Dorian LPG during the first quarter worth about $1,491,000. Finally, Lazard Asset Management LLC acquired a new position in Dorian LPG during the first quarter worth approximately $2,211,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Dorian LPG Trading Down 2.7%

Dorian LPG stock opened at $53.71 on Friday. The stock has a market cap of $2.30 billion, a P/E ratio of 8.08 and a beta of 0.57. Dorian LPG has a 1 year low of $23.76 and a 1 year high of $59.97. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.26 and a quick ratio of 3.24. The firm’s 50 day moving average price is $52.95 and its 200-day moving average price is $44.61.

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

About Dorian LPG

Dorian LPG Ltd. is a maritime transportation company that owns and operates liquefied petroleum gas (LPG) carriers. The company primarily transports propane, butane and other liquefied gases for energy producers, commodity traders and industrial customers under voyage, time-charter and pool arrangements.

Dorian LPG focuses on very large gas carriers (VLGCs), which are designed to transport LPG in large quantities over international routes. Its vessels serve global energy markets, including major LPG export regions such as the United States and the Middle East and import markets in Asia, Europe and other regions.

Founded in 2013, Dorian LPG is headquartered in Stamford, Connecticut, and its shares trade on the New York Stock Exchange under the symbol LPG.