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

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

Wall Street Analyst Weigh In

Several research firms have commented on LPG. Freedom Capital raised shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Dorian LPG from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Pareto Securities reiterated a “buy” rating on shares of Dorian LPG in a research report on Thursday, May 21st. Wall Street Zen raised shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Finally, Jefferies Financial Group boosted their price objective on shares of Dorian LPG from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. One investment 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $55.00.

Dorian LPG Stock Up 3.1%

The company has a current ratio of 3.26, a quick ratio of 3.24 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $2.09 billion, a P/E ratio of 6.48 and a beta of 0.65. The stock has a 50 day moving average price of $41.85 and a 200 day moving average price of $38.11.

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

Dorian LPG Dividend Announcement

The company also recently declared a special dividend, which was paid on Wednesday, August 12th. Stockholders of record on Monday, July 27th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, July 27th. Dorian LPG’s dividend payout ratio (DPR) is presently 13.25%.

Insider Activity

In related news, insider Tim Truels Hansen sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $45.04, for a total value of $1,126,000.00. Following the completion of the transaction, the insider owned 157,675 shares in the company, valued at $7,101,682. This trade represents a 13.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ted Kalborg sold 15,373 shares of Dorian LPG 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 approximately $2,989,640.88. This 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 90 days, insiders have sold 60,373 shares of company stock worth $2,526,307. Company insiders own 13.50% of the company’s stock.

Hedge Funds Weigh In On Dorian LPG

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position in shares of Dorian LPG by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,549,771 shares of the shipping company’s stock valued at $87,199,000 after buying an additional 73,754 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Dorian LPG by 12.4% during the fourth quarter. Vanguard Group Inc. now owns 1,874,907 shares of the shipping company’s stock worth $45,635,000 after acquiring an additional 207,575 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Dorian LPG by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,116,702 shares of the shipping company’s stock worth $27,184,000 after acquiring an additional 10,480 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Dorian LPG by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 678,899 shares of the shipping company’s stock worth $16,524,000 after acquiring an additional 23,974 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Dorian LPG by 55.8% in the third quarter. Millennium Management LLC now owns 572,315 shares of the shipping company’s stock worth $17,055,000 after acquiring an additional 204,861 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

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.