Dorian LPG (NYSE:LPG) Reaches New 52-Week High – Should You Buy?

Dorian LPG Ltd. (NYSE:LPG) shares hit a new 52-week high on Monday . The company traded as high as $41.92 and last traded at $42.0150, with a volume of 113842 shares trading hands. The stock had previously closed at $40.87.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Wall Street Zen lowered shares of Dorian LPG from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 22nd. Dnb Carnegie lowered shares of Dorian LPG from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Dorian LPG in a research note on Wednesday, April 22nd. Finally, Jefferies Financial Group assumed coverage on shares of Dorian LPG in a research note on Friday, April 24th. They issued a “buy” rating and a $42.00 price objective for the company. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Dorian LPG currently has an average rating of “Hold” and an average target price of $42.00.

Dorian LPG Stock Up 2.2%

The business’s 50 day moving average is $35.57 and its 200-day moving average is $30.80. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.41 and a quick ratio of 2.40. The company has a market cap of $1.79 billion, a PE ratio of 14.70 and a beta of 0.63.

Dorian LPG Announces Dividend

The company also recently declared a special dividend, which will be paid on Thursday, May 28th. Investors of record on Monday, May 18th will be paid a $1.00 dividend. The ex-dividend date is Monday, May 18th.

Insider Transactions at Dorian LPG

In related news, CFO Theodore B. Young sold 10,000 shares of Dorian LPG stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $34.84, for a total value of $348,400.00. Following the completion of the transaction, the chief financial officer owned 122,926 shares in the company, valued at $4,282,741.84. The trade was a 7.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LPG. NewEdge Advisors LLC lifted its stake in Dorian LPG by 1,003.8% in the first quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock worth $32,000 after acquiring an additional 1,315 shares during the last quarter. KBC Group NV purchased a new stake in shares of Dorian LPG during the 1st quarter worth approximately $38,000. EverSource Wealth Advisors LLC lifted its position in shares of Dorian LPG by 429.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock worth $40,000 after buying an additional 1,340 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Dorian LPG during the 3rd quarter worth approximately $41,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Dorian LPG during the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

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.