Dorian LPG Ltd. (NYSE:LPG) Given Consensus Recommendation of “Buy” by Analysts

Dorian LPG Ltd. (NYSE:LPG) has been given a consensus recommendation of “Buy” by the five ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $55.00.

Several brokerages have commented on LPG. Freedom Capital raised Dorian LPG from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Wall Street Zen upgraded Dorian LPG from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Dorian LPG in a research note on Tuesday, August 25th.

Insider Buying and Selling at Dorian LPG

In other news, COO Alexander C. Hadjipateras sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $54.13, for a total transaction of $270,650.00. Following the transaction, the chief operating officer directly owned 95,836 shares of the company’s stock, valued at approximately $5,187,602.68. This trade represents a 4.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Theodore B. Young sold 11,919 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $54.50, for a total transaction of $649,585.50. Following the transaction, the chief financial officer directly owned 107,794 shares in the company, valued at approximately $5,874,773. This trade represents a 9.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 126,000 shares of company stock valued at $6,163,449 in the last three months. Company insiders own 13.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in Dorian LPG by 3.0% during 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 purchasing an additional 73,754 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Dorian LPG during the 1st quarter worth $11,929,000. Allspring Global Investments Holdings LLC grew its position in shares of Dorian LPG by 227.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 215,568 shares of the shipping company’s stock worth $7,247,000 after buying an additional 149,787 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Dorian LPG by 117.5% during the first quarter. Empowered Funds LLC now owns 197,030 shares of the shipping company’s stock valued at $6,738,000 after buying an additional 106,428 shares during the period. Finally, Pacer Advisors Inc. increased its stake in shares of Dorian LPG by 2,540.0% during the first quarter. Pacer Advisors Inc. now owns 190,446 shares of the shipping company’s stock valued at $6,513,000 after buying an additional 183,232 shares during the period. Institutional investors own 62.50% of the company’s stock.

Dorian LPG Stock Down 0.0%

Shares of NYSE:LPG opened at $58.14 on Wednesday. Dorian LPG has a 1 year low of $23.76 and a 1 year high of $59.97. The business has a 50 day simple moving average of $48.40 and a two-hundred day simple moving average of $41.61. The firm has a market capitalization of $2.49 billion, a PE ratio of 7.70 and a beta of 0.61. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.26 and a quick ratio of 3.24.

Dorian LPG (NYSE:LPG) last released its earnings results on Tuesday, August 4th. The shipping company reported $2.52 EPS for the quarter, beating 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 firm had revenue of $187.88 million for the quarter, compared to analysts’ expectations of $160.78 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. The company’s quarterly revenue was up 123.1% on a year-over-year basis.

Dorian LPG Announces Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, August 12th. Investors 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 Company Profile

Dorian LPG Ltd. (NYSE: LPG) is a maritime transportation company that owns and operates very large gas carriers (VLGCs). The company primarily transports liquefied petroleum gas (LPG), including propane and butane, for energy producers, commodity traders and other customers in international markets.

Dorian LPG’s fleet is designed for the ocean transportation of LPG between major exporting and importing regions. Its vessels support global trade routes linking LPG-producing areas, including the United States and the Middle East, with demand centers in Asia, Europe and other regions.