Dorian LPG Ltd. (NYSE:LPG) Stock Has Consensus Price Target of $55.00

Shares of Dorian LPG Ltd. (NYSE:LPG) have received an average recommendation of “Buy” from the five research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $55.00.

Several research analysts recently commented on the company. Wall Street Zen raised Dorian LPG from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 24th. Freedom Capital raised shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Dorian LPG in a research note on Tuesday, August 25th.

Insider Transactions at Dorian LPG

In related news, insider Tim Hansen sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $53.12, for a total transaction of $2,656,000.00. Following the completion of the transaction, the insider owned 107,675 shares in the company, valued at $5,719,696. This trade represents a 31.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Theodore Young sold 11,919 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $54.50, for a total value 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 represents a 9.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 106,000 shares of company stock valued at $5,455,849. Corporate insiders own 13.50% of the company’s stock.

Institutional Inflows and Outflows

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

Dorian LPG Stock Down 5.0%

LPG stock opened at $49.35 on Thursday. 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 has a 52-week low of $23.76 and a 52-week high of $59.97. The company has a 50-day moving average of $54.26 and a two-hundred day moving average of $42.26. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 6.54 and a beta of 0.64.

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

Dorian LPG Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Monday, November 9th will be paid a $1.25 dividend. The ex-dividend date is Monday, November 9th. Dorian LPG’s dividend payout ratio is currently 13.25%.

About Dorian LPG

Dorian LPG Ltd. (NYSE: LPG) is a maritime transportation company that owns and operates liquefied petroleum gas (LPG) carriers. The company primarily transports propane, butane and other LPG products for energy companies, commodity traders and other commercial customers under time-charter, voyage-charter and other contractual arrangements.

Dorian LPG’s fleet is focused primarily on very large gas carriers (VLGCs), including modern, fuel-efficient vessels designed to transport LPG in large quantities over international trade routes.