Dorian LPG (NYSE:LPG) Issues Earnings Results

Dorian LPG (NYSE:LPG) announced its quarterly earnings results on Tuesday. The shipping company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.53, FiscalAI reports. Dorian LPG had a return on equity of 11.82% and a net margin of 29.88%.The company had revenue of $153.27 million during the quarter, compared to analyst estimates of $126.25 million.

Dorian LPG Trading Up 1.2%

Shares of Dorian LPG stock opened at $42.40 on Wednesday. The company has a quick ratio of 2.40, a current ratio of 2.41 and a debt-to-equity ratio of 0.38. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 14.93 and a beta of 0.63. The business has a fifty day simple moving average of $35.87 and a 200-day simple moving average of $30.99. Dorian LPG has a fifty-two week low of $20.03 and a fifty-two week high of $43.09.

Dorian LPG Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 18th will be issued a $1.00 dividend. The ex-dividend date is Monday, May 18th. Dorian LPG’s dividend payout ratio is 35.21%.

Institutional Trading of Dorian LPG

Institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC lifted its holdings in shares of Dorian LPG by 1,003.8% in the first quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock valued at $32,000 after buying an additional 1,315 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Dorian LPG by 429.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock valued at $40,000 after buying an additional 1,340 shares during the period. Sunbelt Securities Inc. acquired a new stake in shares of Dorian LPG in the third quarter valued at $41,000. Los Angeles Capital Management LLC acquired a new stake in shares of Dorian LPG in the fourth quarter valued at $49,000. Finally, Aster Capital Management DIFC Ltd lifted its holdings in shares of Dorian LPG by 47.8% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,017 shares of the shipping company’s stock valued at $49,000 after buying an additional 652 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dorian LPG in a research report on Wednesday, April 22nd. Wall Street Zen lowered Dorian LPG from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 22nd. Jefferies Financial Group assumed coverage on Dorian LPG in a research report on Friday, April 24th. They set a “buy” rating and a $42.00 price target for the company. Finally, Dnb Carnegie upgraded Dorian LPG from a “strong sell” rating to a “hold” rating in a research report on Monday. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Dorian LPG currently has a consensus rating of “Hold” and a consensus target price of $42.00.

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.