Dorian LPG Ltd. (NYSE:LPG) Stock Has Consensus Price Target of $55.00

Key Points

• Analysts maintain a bullish outlook: Five firms give Dorian LPG an average “Buy” rating, with a consensus 12-month price target of $55.00.
• Strong quarterly performance: The company reported earnings of $2.52 per share versus a $2.12 estimate, while revenue rose 123.1% year over year to $187.88 million.
• Shares remain near their annual high: LPG opened at $57.49, compared with a 12-month range of $23.76 to $59.97. The company also paid a special $1.00-per-share dividend, although insiders sold shares during the past three months.

Shares of Dorian LPG Ltd. (NYSE:LPG - Get Free Report) have been given an average recommendation of "Buy" by the five research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $55.00.

Several research firms recently commented on LPG. Weiss Ratings reissued a "buy (b-)" rating on shares of Dorian LPG in a research report on Tuesday, August 25th. Wall Street Zen downgraded shares of Dorian LPG from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 26th. Finally, Freedom Capital upgraded shares of Dorian LPG from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 6th.

Dorian LPG Trading Down 1.3%

Shares of LPG opened at $57.49 on Friday. The stock's 50-day moving average is $51.98 and its two-hundred day moving average is $43.90. The stock has a market cap of $2.46 billion, a PE ratio of 7.61 and a beta of 0.57. Dorian LPG has a 12 month low of $23.76 and a 12 month high of $59.97. 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 - Get Free Report) last issued its earnings results on Tuesday, August 4th. The shipping company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.40. Dorian LPG had a return on equity of 25.69% and a net margin of 55.00%. The company had revenue of $187.88 million during the quarter, compared to the consensus estimate of $160.78 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. The company's revenue was up 123.1% compared to the same quarter last year.

Dorian LPG Dividend Announcement

The company also recently announced a special dividend, which was paid on Wednesday, August 12th. Stockholders of record on Monday, July 27th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, July 27th.

Insider Activity

In other Dorian LPG news, CFO Theodore B. Young sold 11,919 shares of the company's stock in a transaction dated 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 directly owned 107,794 shares of the company's stock, valued at $5,874,773. This represents a 9.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Alexander C. Hadjipateras sold 5,000 shares of the firm's stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $54.13, for a total value of $270,650.00. Following the sale, the chief operating officer owned 95,836 shares of the company's stock, valued at $5,187,602.68. This represents a 4.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 106,000 shares of company stock worth $5,455,849. 13.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dorian LPG

Several large investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its position in Dorian LPG by 4.4% during the 3rd quarter. GAMMA Investing LLC now owns 6,807 shares of the shipping company's stock valued at $375,000 after purchasing an additional 284 shares during the period. Sequoia Financial Advisors LLC grew its stake in Dorian LPG by 4.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,341 shares of the shipping company's stock worth $255,000 after buying an additional 307 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Dorian LPG in the second quarter worth $57,000. Allworth Financial LP increased its position in Dorian LPG by 65.9% in the second quarter. Allworth Financial LP now owns 1,206 shares of the shipping company's stock worth $42,000 after buying an additional 479 shares during the period. Finally, Corient Private Wealth LP acquired a new stake in Dorian LPG in the second quarter worth $253,000. Institutional investors own 62.50% of the company's stock.

About Dorian LPG

Dorian LPG Ltd. is a maritime transportation company that owns and operates liquefied petroleum gas (LPG) carriers. The company primarily transports propane, butane and other liquefied gases for energy producers, commodity traders and industrial customers under voyage, time-charter and pool arrangements.

Dorian LPG focuses on very large gas carriers (VLGCs), which are designed to transport LPG in large quantities over international routes. Its vessels serve global energy markets, including major LPG export regions such as the United States and the Middle East and import markets in Asia, Europe and other regions.

Founded in 2013, Dorian LPG is headquartered in Stamford, Connecticut, and its shares trade on the New York Stock Exchange under the symbol LPG.

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