Dorian LPG (NYSE:LPG) Trading 5.1% Higher – What’s Next?

Dorian LPG Ltd. (NYSE:LPG) shares rose 5.1% on Monday . The company traded as high as $43.61 and last traded at $43.1090. 89,125 shares traded hands during trading, a decline of 85% from the average daily volume of 605,820 shares. The stock had previously closed at $41.03.

Analyst Upgrades and Downgrades

Several research firms recently commented on LPG. Dnb Carnegie upgraded shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Wall Street Zen cut shares of Dorian LPG from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 12th. Freedom Capital cut shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Weiss Ratings raised shares of Dorian LPG from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Finally, Jefferies Financial Group increased their target price on shares of Dorian LPG from $42.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $55.00.

Dorian LPG Trading Up 3.0%

The company has a current ratio of 2.67, a quick ratio of 2.65 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $1.90 billion, a P/E ratio of 9.76 and a beta of 0.66. The business has a 50-day moving average price of $41.03 and a two-hundred day moving average price of $35.89.

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

Dorian LPG Announces Dividend

The company also recently announced a special dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Monday, July 27th will be given a $1.00 dividend. The ex-dividend date is Monday, July 27th.

Insider Buying and Selling

In related news, Director Ted Kalborg sold 15,373 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were 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 trade represents a 18.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Tim Truels Hansen sold 20,000 shares of Dorian LPG stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $35.38, for a total transaction of $707,600.00. Following the completion of the transaction, the insider directly owned 157,842 shares in the company, valued at $5,584,449.96. This trade represents a 11.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 13.60% of the company’s stock.

Institutional Investors Weigh In On Dorian LPG

Several institutional investors and hedge funds have recently added to or reduced their stakes in LPG. Dimensional Fund Advisors LP increased its stake 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 purchasing an additional 73,754 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Dorian LPG by 12.4% during the 4th quarter. Vanguard Group Inc. now owns 1,874,907 shares of the shipping company’s stock worth $45,635,000 after buying an additional 207,575 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Dorian LPG by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,116,702 shares of the shipping company’s stock worth $27,184,000 after buying an additional 10,480 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in 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 valued at $16,524,000 after buying an additional 23,974 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Dorian LPG by 55.8% in the third quarter. Millennium Management LLC now owns 572,315 shares of the shipping company’s stock valued at $17,055,000 after buying an additional 204,861 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

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.