Dorian LPG (NYSE:LPG) Hits New 1-Year High - Time to Buy?

Key Points

• Dorian LPG hit a new 52-week high of $39.63 (last $39.4550), with a market cap of about $1.69 billion and 50-/200-day moving averages of $34.85 and $29.97 respectively.
• Analyst sentiment is mixed: Jefferies initiated coverage with a Buy and $42 price target, but the consensus rating is Hold (1 Buy, 3 Hold, 1 Sell) and an average price target of $42.00.
• Most recent quarter showed revenue up 48.7% YoY to $119.96M (above estimates) while EPS of $1.11 missed the $1.17 consensus; the CFO sold 10,000 shares, insiders own 13.6% and institutions hold 62.5%.

Dorian LPG Ltd. (NYSE:LPG - Get Free Report)'s share price reached a new 52-week high on Monday . The stock traded as high as $39.63 and last traded at $39.4550, with a volume of 42400 shares. The stock had previously closed at $39.18.

Wall Street Analyst Weigh In

A number of analysts recently commented on LPG shares. Jefferies Financial Group assumed coverage on Dorian LPG in a research note on Friday, April 24th. They set a "buy" rating and a $42.00 price objective on the stock. Dnb Carnegie downgraded shares of Dorian LPG from a "hold" rating to a "strong sell" rating in a research note on Wednesday, March 11th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Dorian LPG in a research note on Wednesday, April 22nd. Finally, Wall Street Zen lowered shares of Dorian LPG from a "strong-buy" rating to a "buy" rating in a research report on Sunday, February 22nd. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Dorian LPG has a consensus rating of "Hold" and an average price target of $42.00.

Dorian LPG Stock Performance

The company has a market cap of $1.69 billion, a price-to-earnings ratio of 13.89 and a beta of 0.63. The company has a current ratio of 2.41, a quick ratio of 2.40 and a debt-to-equity ratio of 0.38. The stock's 50 day moving average price is $34.85 and its 200 day moving average price is $29.97.

Dorian LPG (NYSE:LPG - Get Free Report) last released its earnings results on Wednesday, February 4th. The shipping company reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.06). Dorian LPG had a return on equity of 11.82% and a net margin of 29.88%.The company had revenue of $119.96 million during the quarter, compared to analyst estimates of $115.15 million. During the same period in the prior year, the business posted $0.43 earnings per share. Dorian LPG's revenue was up 48.7% on a year-over-year basis.

Insiders Place Their Bets

In other Dorian LPG news, CFO Theodore B. Young sold 10,000 shares of Dorian LPG stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $34.84, for a total value of $348,400.00. Following the transaction, the chief financial officer owned 122,926 shares in the company, valued at $4,282,741.84. This trade represents a 7.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 13.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. IHT Wealth Management LLC grew its position in Dorian LPG by 2.1% during the fourth quarter. IHT Wealth Management LLC now owns 17,804 shares of the shipping company's stock valued at $433,000 after acquiring an additional 365 shares during the period. WINTON GROUP Ltd raised its holdings in shares of Dorian LPG by 0.8% in the 4th quarter. WINTON GROUP Ltd now owns 44,640 shares of the shipping company's stock worth $1,087,000 after purchasing an additional 373 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Dorian LPG by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,286 shares of the shipping company's stock valued at $324,000 after purchasing an additional 390 shares in the last quarter. CoreCap Advisors LLC lifted its stake in shares of Dorian LPG by 18.7% in the 4th quarter. CoreCap Advisors LLC now owns 3,269 shares of the shipping company's stock valued at $80,000 after purchasing an additional 514 shares in the last quarter. Finally, Vident Advisory LLC grew its holdings in shares of Dorian LPG by 2.8% during the 3rd quarter. Vident Advisory LLC now owns 20,918 shares of the shipping company's stock worth $623,000 after purchasing an additional 577 shares during the period. 62.50% of the stock is owned by hedge funds and other 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.

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