Dorian LPG Ltd. (NYSE:LPG) Stock Has Average Price Target of $55.00 According to Brokerages

Dorian LPG Ltd. (NYSE:LPG) has been given an average rating of “Buy” by the five analysts that are presently covering the firm, Marketbeat.com 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 1-year price target among analysts that have issued ratings on the stock in the last year is $55.00.

A number of equities analysts recently issued reports on LPG shares. Freedom Capital upgraded shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Wall Street Zen lowered shares of Dorian LPG from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 7th. Finally, Weiss Ratings upgraded shares of Dorian LPG from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday.

Dorian LPG Trading Up 2.0%

Shares of LPG stock opened at $47.37 on Thursday. The stock’s fifty day moving average price is $53.95 and its two-hundred day moving average price is $42.72. The company has a market cap of $2.03 billion, a PE ratio of 5.17 and a beta of 0.64. Dorian LPG has a fifty-two week low of $23.76 and a fifty-two week high of $59.97. The company has a debt-to-equity ratio of 0.31, a quick ratio of 8.17 and a current ratio of 8.20.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings results on Thursday, November 5th. The shipping company reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.61. The company had revenue of $221.35 million during the quarter, compared to analysts’ expectations of $194.90 million. Dorian LPG had a return on equity of 31.49% and a net margin of 70.38%. Dorian LPG’s revenue was up 78.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.31 EPS.

Dorian LPG Dividend Announcement

The company also recently declared a special dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Monday, November 9th will be paid a $1.25 dividend. The ex-dividend date is Monday, November 9th.

Insider Activity

In related news, CFO Theodore B. Young sold 11,919 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $54.50, for a total value of $649,585.50. Following the completion of the transaction, the chief financial officer owned 107,794 shares in the company, valued at $5,874,773. This trade represents a 9.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tim Hansen sold 50,000 shares of Dorian LPG stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $53.12, for a total transaction of $2,656,000.00. Following the sale, the insider owned 107,675 shares in the company, valued at approximately $5,719,696. This represents a 31.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 81,000 shares of company stock worth $4,329,849. 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 LPG. Bessemer Group Inc. raised its stake in shares of Dorian LPG by 844.7% during the third quarter. Bessemer Group Inc. now owns 444 shares of the shipping company’s stock valued at $25,000 after acquiring an additional 397 shares during the last quarter. Global Retirement Partners LLC bought a new stake in shares of Dorian LPG in the third quarter worth $25,000. Sterling Capital Management LLC grew its stake in shares of Dorian LPG by 80.3% in the third quarter. Sterling Capital Management LLC now owns 941 shares of the shipping company’s stock worth $52,000 after purchasing an additional 419 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Dorian LPG in the second quarter worth $37,000. Finally, KBC Group NV acquired a new stake in Dorian LPG in the first quarter valued at $38,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

About Dorian LPG

Dorian LPG Ltd. is an international shipping company focused on the seaborne transportation of liquefied petroleum gas (LPG). It owns and operates very large gas carriers (VLGCs), which move LPG between production centers and markets around the world. The company’s fleet includes vessels designed to carry LPG, including ships equipped with dual-fuel propulsion systems. Dorian LPG serves global trade routes connecting suppliers in regions such as the United States and the Middle East with customers in Asia, Europe and other markets.