Dorian LPG (NYSE:LPG) Stock Crosses Above 50-Day Moving Average – What’s Next?

Dorian LPG Ltd. (NYSE:LPG) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $25.89 and traded as high as $29.84. Dorian LPG shares last traded at $29.7490, with a volume of 561,112 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LPG. Pareto Securities cut Dorian LPG from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dorian LPG in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Dorian LPG from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Dorian LPG currently has a consensus rating of “Hold” and a consensus target price of $35.00.

Dorian LPG Stock Performance

The company has a quick ratio of 3.30, a current ratio of 3.32 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $1.26 billion, a P/E ratio of 13.21 and a beta of 0.59. The business has a fifty day moving average price of $25.98 and a 200-day moving average price of $28.12.

Dorian LPG (NYSE:LPG) last released its quarterly earnings data on Wednesday, November 5th. The shipping company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.09). The business had revenue of $124.06 million during the quarter, compared to the consensus estimate of $126.99 million. Dorian LPG had a return on equity of 9.13% and a net margin of 26.02%.Dorian LPG’s quarterly revenue was up 50.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.35 earnings per share. On average, sell-side analysts expect that Dorian LPG Ltd. will post 2.6 EPS for the current year.

Dorian LPG Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 17th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 8.8%. This is a positive change from Dorian LPG’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, November 17th.

Insider Activity at Dorian LPG

In other news, CEO John C. Hadjipateras purchased 15,000 shares of the company’s stock in a transaction dated Wednesday, January 7th. The shares were purchased at an average cost of $27.30 per share, for a total transaction of $409,500.00. Following the purchase, the chief executive officer directly owned 153,500 shares in the company, valued at approximately $4,190,550. This represents a 10.83% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Tim Truels Hansen sold 25,000 shares of the company’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $28.85, for a total value of $721,250.00. Following the sale, the insider owned 212,842 shares of the company’s stock, valued at approximately $6,140,491.70. This trade represents a 10.51% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 13.60% of the company’s stock.

Hedge Funds Weigh In On Dorian LPG

Several institutional investors and hedge funds have recently bought and sold shares of LPG. Vanguard Group Inc. increased its position in Dorian LPG by 12.4% in the fourth quarter. Vanguard Group Inc. now owns 1,874,907 shares of the shipping company’s stock worth $45,635,000 after buying an additional 207,575 shares in the last quarter. WIT Partners Advisory Pte. Ltd. bought a new position in shares of Dorian LPG during the 4th quarter valued at approximately $141,000. SageGuard Financial Group LLC purchased a new stake in Dorian LPG in the 4th quarter worth approximately $259,000. Prime Capital Investment Advisors LLC raised its stake in Dorian LPG by 8.0% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 11,269 shares of the shipping company’s stock worth $274,000 after acquiring an additional 834 shares during the period. Finally, Unison Advisors LLC purchased a new position in Dorian LPG during the fourth quarter valued at approximately $711,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

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.