Analysts Set Dorian LPG Ltd. (NYSE:LPG) Price Target at $55.00

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

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

Insider Buying and Selling

In other Dorian LPG news, 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 value of $692,707.38. Following the completion of the sale, the director owned 66,348 shares of the company’s stock, valued at approximately $2,989,640.88. This trade represents a 18.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Tim Truels Hansen sold 20,000 shares of the business’s stock in a transaction that occurred on 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 approximately $5,584,449.96. This represents a 11.25% decrease in their position. The SEC filing for this sale provides additional information. 13.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Dorian LPG

Several hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its stake 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 valued at $89,000 after purchasing an additional 318 shares in the last quarter. IHT Wealth Management LLC lifted its stake in shares of Dorian LPG by 2.1% in the fourth quarter. IHT Wealth Management LLC now owns 17,804 shares of the shipping company’s stock valued at $433,000 after buying an additional 365 shares in the last quarter. WINTON GROUP Ltd grew its holdings in shares of Dorian LPG by 0.8% during the fourth quarter. WINTON GROUP Ltd now owns 44,640 shares of the shipping company’s stock valued at $1,087,000 after buying an additional 373 shares during the last quarter. 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 valued at $324,000 after buying an additional 390 shares during the last quarter. Finally, CoreCap Advisors LLC increased its position in shares of Dorian LPG by 18.7% during the fourth quarter. CoreCap Advisors LLC now owns 3,269 shares of the shipping company’s stock worth $80,000 after acquiring an additional 514 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Dorian LPG Trading Down 4.9%

NYSE LPG opened at $38.67 on Friday. The stock has a market capitalization of $1.65 billion, a P/E ratio of 8.50 and a beta of 0.66. The business has a 50 day simple moving average of $40.70 and a 200 day simple moving average of $34.91. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.67 and a quick ratio of 2.65. Dorian LPG has a one year low of $23.76 and a one year high of $48.12.

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

Dorian LPG Dividend Announcement

The company also recently announced a special dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were given a $1.00 dividend. This represents a yield of 951.0%. The ex-dividend date of this dividend was Monday, May 18th.

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.