Dorian LPG Ltd. (NYSE:LPG) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Dorian LPG Ltd. (NYSE:LPG) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $55.00.

LPG has been the subject of a number of research analyst reports. Pareto Securities restated a “buy” rating on shares of Dorian LPG in a research report on Thursday, May 21st. Jefferies Financial Group raised their price objective on Dorian LPG from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Weiss Ratings upgraded Dorian LPG from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Wall Street Zen upgraded Dorian LPG from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 23rd. Finally, Dnb Carnegie upgraded Dorian LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th.

Insider Buying and Selling at Dorian LPG

In other news, Director Ted Kalborg sold 15,373 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $45.06, for a total value of $692,707.38. Following the sale, the director directly owned 66,348 shares in the company, valued at $2,989,640.88. The trade was a 18.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 13.60% of the stock is currently owned by company insiders.

Institutional Trading of Dorian LPG

A number of large investors have recently made changes to their positions in LPG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Dorian LPG by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,603 shares of the shipping company’s stock worth $483,000 after buying an additional 914 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Dorian LPG by 1,003.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock worth $32,000 after buying an additional 1,315 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Dorian LPG by 50.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 178,039 shares of the shipping company’s stock worth $3,977,000 after buying an additional 59,311 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Dorian LPG by 130.6% in the 1st quarter. Jane Street Group LLC now owns 133,850 shares of the shipping company’s stock worth $2,990,000 after buying an additional 75,818 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of Dorian LPG by 12.7% in the 2nd quarter. Cetera Investment Advisers now owns 13,613 shares of the shipping company’s stock worth $332,000 after buying an additional 1,539 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

Dorian LPG Stock Up 3.7%

LPG opened at $45.14 on Monday. The firm has a 50-day simple moving average of $39.66 and a two-hundred day simple moving average of $33.01. Dorian LPG has a 52 week low of $23.76 and a 52 week high of $48.12. The company has a market capitalization of $1.93 billion, a PE ratio of 9.92 and a beta of 0.62. The company has a quick ratio of 2.65, a current ratio of 2.67 and a debt-to-equity ratio of 0.40.

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

Dorian LPG Announces Dividend

The firm also recently announced a special dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were issued a $1.00 dividend. The ex-dividend date was Monday, May 18th. This represents a dividend 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.