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

Shares of Dorian LPG Ltd. (NYSE:LPG) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $55.00.

A number of equities analysts have issued reports on LPG shares. Dnb Carnegie upgraded Dorian LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings upgraded Dorian LPG from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Pareto Securities reiterated a “buy” rating on shares of Dorian LPG in a research report on Thursday, May 21st. Jefferies Financial Group increased their price target on Dorian LPG from $42.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Finally, Wall Street Zen upgraded Dorian LPG from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 23rd.

Insider Transactions at Dorian LPG

In other Dorian LPG news, Director Ted Kalborg sold 15,373 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $45.06, for a total transaction of $692,707.38. Following the transaction, the director owned 66,348 shares in the company, valued at approximately $2,989,640.88. This represents a 18.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 13.60% of the company’s stock.

Hedge Funds Weigh In On Dorian LPG

A number of hedge funds have recently made changes to their positions in the company. Segall Bryant & Hamill LLC acquired a new position in shares of Dorian LPG during the first quarter valued at approximately $1,247,000. Arete Wealth Advisors LLC acquired a new position in shares of Dorian LPG during the first quarter valued at approximately $683,000. Amundi acquired a new position in shares of Dorian LPG during the first quarter valued at approximately $465,000. California State Teachers Retirement System raised its holdings in shares of Dorian LPG by 36.2% during the first quarter. California State Teachers Retirement System now owns 51,933 shares of the shipping company’s stock valued at $1,776,000 after acquiring an additional 13,800 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Dorian LPG by 117.5% during the first quarter. Empowered Funds LLC now owns 197,030 shares of the shipping company’s stock valued at $6,738,000 after acquiring an additional 106,428 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Dorian LPG Stock Down 0.1%

Shares of LPG opened at $45.14 on Monday. Dorian LPG has a 52 week low of $23.76 and a 52 week high of $48.12. The company has a quick ratio of 2.65, a current ratio of 2.67 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 9.92 and a beta of 0.62. The stock’s 50-day moving average price is $39.66 and its 200-day moving average price is $33.07.

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

Dorian LPG Dividend Announcement

The firm also recently declared a special dividend, which was paid on Thursday, May 28th. Shareholders of record on Monday, May 18th were given a dividend of $1.00 per share. The ex-dividend date was Monday, May 18th. This represents a yield of 951.0%.

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.