Dorian LPG (NYSE:LPG) Reaches New 12-Month High – What’s Next?

Shares of Dorian LPG Ltd. (NYSE:LPG) hit a new 52-week high during trading on Monday . The company traded as high as $48.30 and last traded at $48.2230, with a volume of 58059 shares traded. The stock had previously closed at $47.37.

Analysts Set New Price Targets

LPG has been the topic of several research reports. Wall Street Zen upgraded shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Dnb Carnegie raised shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Freedom Capital upgraded Dorian LPG from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Pareto Securities reiterated a “buy” rating on shares of Dorian LPG in a research report on Thursday, May 21st. Finally, Weiss Ratings upgraded shares of Dorian LPG from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $55.00.

Dorian LPG Trading Up 3.1%

The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.24 and a current ratio of 3.26. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 6.48 and a beta of 0.65. The business’s 50-day simple moving average is $41.85 and its 200-day simple moving average is $38.11.

Dorian LPG (NYSE:LPG) last released its quarterly earnings data on Tuesday, August 4th. The shipping company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.40. The business had revenue of $187.88 million during the quarter, compared to the consensus estimate of $160.78 million. Dorian LPG had a return on equity of 25.69% and a net margin of 55.00%.The firm’s revenue was up 123.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 earnings per share.

Dorian LPG Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Wednesday, August 12th. Stockholders of record on Monday, July 27th were issued a dividend of $1.00 per share. The ex-dividend date was Monday, July 27th. Dorian LPG’s payout ratio is 13.25%.

Insider Buying and Selling

In related news, insider Tim Truels Hansen sold 25,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $45.04, for a total transaction of $1,126,000.00. Following the completion of the sale, the insider directly owned 157,675 shares of the company’s stock, valued at approximately $7,101,682. This represents a 13.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ted Kalborg sold 15,373 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $45.06, for a total transaction of $692,707.38. Following the sale, the director owned 66,348 shares in the company, valued at $2,989,640.88. This trade represents a 18.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 60,373 shares of company stock valued at $2,526,307. 13.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dorian LPG

Several institutional investors and hedge funds have recently made changes to their positions in LPG. KBC Group NV bought a new stake in Dorian LPG in the 1st quarter valued at about $38,000. Sunbelt Securities Inc. bought a new position in shares of Dorian LPG in the third quarter worth $41,000. NewEdge Advisors LLC raised 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 valued at $32,000 after purchasing an additional 1,315 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Dorian LPG by 429.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock valued at $40,000 after purchasing an additional 1,340 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in Dorian LPG in the fourth quarter valued at about $49,000. Institutional investors and hedge funds 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.