Dorian LPG (NYSE:LPG) Share Price Passes Above 50-Day Moving Average - Here's What Happened

Key Points

• Dorian LPG crossed above its 50-day moving average, trading as high as $35.85 and last at $35.18 versus a 50-day MA of $34.04 (200-day MA $29.30) on volume of about 550,396 shares.
• The company reported Q earnings of $1.11 EPS (missing the $1.17 estimate) with revenue up 48.7% year-over-year, and recently paid a special dividend of $0.70 per share (article cites a reported yield of 881.0%); analysts hold a consensus "Hold" rating with a $35.00 price target.

Dorian LPG Ltd. (NYSE:LPG - Get Free Report) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $34.04 and traded as high as $35.85. Dorian LPG shares last traded at $35.1810, with a volume of 550,396 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LPG. Dnb Carnegie cut Dorian LPG from a "hold" rating to a "strong sell" rating in a research report on Wednesday, March 11th. Weiss Ratings reissued a "hold (c)" rating on shares of Dorian LPG in a research note on Monday, December 29th. Finally, Wall Street Zen cut Dorian LPG from a "strong-buy" rating to a "buy" rating in a research note on Sunday, February 22nd. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $35.00.

Dorian LPG Trading Down 1.2%

The company's 50 day moving average price is $34.04 and its 200 day moving average price is $29.30. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 12.39 and a beta of 0.59. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.40 and a current ratio of 2.41.

Dorian LPG (NYSE:LPG - Get Free Report) last announced its quarterly earnings results on Wednesday, February 4th. The shipping company reported $1.11 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 business had revenue of $119.96 million for the quarter, compared to analyst estimates of $115.15 million. During the same quarter last year, the company earned $0.43 EPS. The business's revenue for the quarter was up 48.7% compared to the same quarter last year. Research analysts anticipate that Dorian LPG Ltd. will post 2.6 EPS for the current year.

Dorian LPG Announces Dividend

The business also recently announced a special dividend, which was paid on Tuesday, February 24th. Shareholders of record on Monday, February 9th were issued a dividend of $0.70 per share. This represents a yield of 881.0%. The ex-dividend date was Monday, February 9th. Dorian LPG's dividend payout ratio (DPR) is 35.21%.

Insiders Place Their Bets

In related news, CFO Theodore B. Young sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $34.84, for a total value of $348,400.00. Following the completion of the sale, the chief financial officer directly owned 122,926 shares in the company, valued at approximately $4,282,741.84. The trade was a 7.52% decrease in their position. The transaction 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 company insiders.

Institutional Investors Weigh In On Dorian LPG

Several institutional investors and hedge funds have recently added to or reduced their stakes in LPG. NewEdge Advisors LLC lifted its holdings in Dorian LPG by 1,003.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company's stock worth $32,000 after purchasing an additional 1,315 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Dorian LPG by 429.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company's stock worth $40,000 after buying an additional 1,340 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Dorian LPG during the 3rd quarter worth $41,000. Sunbelt Securities Inc. bought a new stake in shares of Dorian LPG during the 3rd quarter worth $41,000. Finally, Citizens National Bank Trust Department bought a new stake in shares of Dorian LPG during the 3rd quarter worth $45,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

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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