Dorian LPG (NYSE:LPG) Posts Quarterly Earnings Results, Misses Expectations By $0.14 EPS

Dorian LPG (NYSE:LPG) released its quarterly earnings data on Wednesday. The shipping company reported $1.11 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.14), FiscalAI reports. The company had revenue of $118.51 million for the quarter, compared to the consensus estimate of $115.41 million. Dorian LPG had a net margin of 26.02% and a return on equity of 9.13%. The firm’s revenue for the quarter was up 48.7% on a year-over-year basis. During the same period last year, the company earned $0.43 EPS.

Dorian LPG Trading Up 0.6%

Shares of LPG stock traded up $0.19 during trading hours on Thursday, hitting $29.91. 347,154 shares of the company were exchanged, compared to its average volume of 538,821. Dorian LPG has a 1 year low of $16.66 and a 1 year high of $32.79. The firm has a fifty day moving average of $26.30 and a 200 day moving average of $28.16. 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 firm has a market cap of $1.28 billion, a PE ratio of 13.41 and a beta of 0.58.

Dorian LPG Dividend Announcement

The business also recently declared a special dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Monday, February 9th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, February 9th. This represents a dividend yield of 950.0%. Dorian LPG’s dividend payout ratio is 44.84%.

Insider Activity at Dorian LPG

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

Hedge Funds Weigh In On Dorian LPG

Institutional investors and hedge funds have recently made changes to their positions in the business. Sunbelt Securities Inc. bought a new position in Dorian LPG in the 3rd quarter worth $41,000. Hancock Whitney Corp raised its position in Dorian LPG by 125.3% during the third quarter. Hancock Whitney Corp now owns 21,142 shares of the shipping company’s stock worth $630,000 after acquiring an additional 11,756 shares during the period. NewEdge Advisors LLC boosted its holdings in Dorian LPG by 180.3% in the 3rd quarter. NewEdge Advisors LLC now owns 11,279 shares of the shipping company’s stock valued at $336,000 after purchasing an additional 7,255 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Dorian LPG in the third quarter valued at $613,000. Finally, Voloridge Investment Management LLC lifted its stake in Dorian LPG by 9.7% in the third quarter. Voloridge Investment Management LLC now owns 311,815 shares of the shipping company’s stock valued at $9,292,000 after buying an additional 27,690 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on LPG shares. Dnb Carnegie upgraded shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Pareto Securities cut shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Wall Street Zen raised shares of Dorian LPG from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Dorian LPG in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

About Dorian LPG

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.