Dorian LPG (NYSE:LPG) Trading 4.4% Higher

Dorian LPG Ltd. (NYSE:LPGGet Free Report) was up 4.4% during trading on Monday . The stock traded as high as $40.36 and last traded at $40.16. Approximately 583,502 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 992,590 shares. The stock had previously closed at $38.46.

Wall Street Analyst Weigh In

Several equities research analysts have commented on LPG shares. DNB Markets cut Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 target price on the stock. in a research note on Friday, January 26th. StockNews.com lowered Dorian LPG from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $50.00 price target on shares of Dorian LPG in a research report on Thursday, February 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Dorian LPG presently has an average rating of “Moderate Buy” and an average price target of $40.25.

Get Our Latest Stock Report on LPG

Dorian LPG Price Performance

The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 5.42 and a beta of 1.13. The company has a 50-day simple moving average of $37.06 and a two-hundred day simple moving average of $37.39. The company has a debt-to-equity ratio of 0.57, a quick ratio of 3.29 and a current ratio of 3.31.

Dorian LPG (NYSE:LPGGet Free Report) last posted its earnings results on Thursday, February 1st. The shipping company reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.35. The business had revenue of $163.06 million for the quarter, compared to analyst estimates of $154.49 million. Dorian LPG had a return on equity of 33.59% and a net margin of 55.02%. During the same period in the previous year, the firm earned $1.29 EPS. As a group, equities research analysts forecast that Dorian LPG Ltd. will post 7.29 EPS for the current year.

Dorian LPG Dividend Announcement

The firm also recently announced a None dividend, which was paid on Tuesday, February 27th. Investors of record on Monday, February 5th were issued a dividend of $1.00 per share. The ex-dividend date was Friday, February 2nd. Dorian LPG’s payout ratio is presently 26.56%.

Insider Buying and Selling

In other Dorian LPG news, CEO John C. Hadjipateras bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were acquired at an average cost of $42.58 per share, with a total value of $212,900.00. Following the acquisition, the chief executive officer now owns 1,777,740 shares of the company’s stock, valued at $75,696,169.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 15.90% of the stock is owned by insiders.

Institutional Trading of Dorian LPG

Several institutional investors have recently added to or reduced their stakes in LPG. Pacer Advisors Inc. boosted its stake in Dorian LPG by 45.0% in the 4th quarter. Pacer Advisors Inc. now owns 1,342,303 shares of the shipping company’s stock valued at $58,887,000 after purchasing an additional 416,809 shares during the period. BlackRock Inc. boosted its stake in Dorian LPG by 8.2% in the 3rd quarter. BlackRock Inc. now owns 5,263,675 shares of the shipping company’s stock valued at $71,427,000 after purchasing an additional 400,804 shares during the period. Vanguard Group Inc. boosted its stake in Dorian LPG by 23.6% in the 4th quarter. Vanguard Group Inc. now owns 1,828,019 shares of the shipping company’s stock valued at $80,195,000 after purchasing an additional 348,694 shares during the period. Dimensional Fund Advisors LP boosted its stake in Dorian LPG by 11.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,240,874 shares of the shipping company’s stock valued at $64,622,000 after purchasing an additional 341,453 shares during the period. Finally, Point72 Asset Management L.P. boosted its stake in Dorian LPG by 24,014.3% in the 4th quarter. Point72 Asset Management L.P. now owns 337,600 shares of the shipping company’s stock valued at $14,811,000 after purchasing an additional 336,200 shares during the period. 62.50% of the stock is currently owned by institutional investors.

About Dorian LPG

(Get Free Report)

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.

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