Dorian LPG Ltd. (NYSE:LPG) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Dorian LPG Ltd. (NYSE:LPG) have earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $55.00.

LPG has been the subject of several research reports. Freedom Capital lowered shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a research note 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. Dnb Carnegie raised Dorian LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Pareto Securities reiterated a “buy” rating on shares of Dorian LPG in a report on Thursday, May 21st. Finally, 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 report on Friday, May 22nd.

Insider Buying and Selling

In other Dorian LPG news, insider Tim Truels Hansen sold 20,000 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $35.38, for a total value of $707,600.00. Following the sale, the insider owned 157,842 shares of the company’s stock, valued at $5,584,449.96. This represents a 11.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ted Kalborg sold 15,373 shares of Dorian LPG stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $45.06, for a total value of $692,707.38. Following the sale, the director owned 66,348 shares of the company’s stock, valued at approximately $2,989,640.88. This represents a 18.81% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 13.50% of the company’s stock.

Hedge Funds Weigh In On Dorian LPG

Hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its holdings in Dorian LPG by 14.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,590 shares of the shipping company’s stock worth $89,000 after buying an additional 318 shares during the period. IHT Wealth Management LLC increased its holdings in Dorian LPG by 2.1% during the 4th quarter. IHT Wealth Management LLC now owns 17,804 shares of the shipping company’s stock worth $433,000 after purchasing an additional 365 shares in the last quarter. WINTON GROUP Ltd raised its stake in shares of Dorian LPG by 0.8% in the 4th quarter. WINTON GROUP Ltd now owns 44,640 shares of the shipping company’s stock valued at $1,087,000 after purchasing an additional 373 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Dorian LPG by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 13,286 shares of the shipping company’s stock worth $324,000 after buying an additional 390 shares in the last quarter. Finally, CoreCap Advisors LLC raised its position in Dorian LPG by 18.7% in the 4th quarter. CoreCap Advisors LLC now owns 3,269 shares of the shipping company’s stock valued at $80,000 after buying an additional 514 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Dorian LPG Price Performance

LPG stock opened at $45.84 on Tuesday. Dorian LPG has a 12 month low of $23.76 and a 12 month high of $48.12. The firm has a market capitalization of $1.96 billion, a P/E ratio of 10.08 and a beta of 0.64. The company has a current ratio of 2.67, a quick ratio of 2.65 and a debt-to-equity ratio of 0.40. The firm has a 50 day moving average of $41.33 and a 200-day moving average of $37.08.

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

Dorian LPG Dividend Announcement

The business also recently announced a special dividend, which will be paid on Wednesday, August 12th. Investors of record on Monday, July 27th will be given a $1.00 dividend. The ex-dividend date of this dividend is Monday, July 27th.

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.