Dorian LPG (NYSE:LPG) Sets New 12-Month High - Here's Why

Key Points

• Dorian LPG shares reached a new 52-week high of $52.11, trading up 2.5% and significantly above their 50-day and 200-day moving averages.
• Analyst sentiment is positive, with a consensus “Moderate Buy” rating and a $55 price target; Jefferies recently raised its target from $42 to $55.
• The company beat quarterly expectations, reporting $2.52 EPS and $187.88 million in revenue, while revenue surged 123.1% year over year. Dorian LPG also paid a special $1.00-per-share dividend.

Dorian LPG Ltd. (NYSE:LPG - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $52.11 and last traded at $52.01, with a volume of 311208 shares trading hands. The stock had previously closed at $50.86.

Analyst Upgrades and Downgrades

LPG has been the subject of a number of research reports. Pareto Securities restated a "buy" rating on shares of Dorian LPG in a research report on Thursday, May 21st. Jefferies Financial Group increased their price target on shares of Dorian LPG from $42.00 to $55.00 and gave the company a "buy" rating in a research report on Friday, May 22nd. Weiss Ratings reissued a "buy (b-)" rating on shares of Dorian LPG in a research note on Tuesday, August 25th. Dnb Carnegie upgraded Dorian LPG from a "strong sell" rating to a "hold" rating in a research report on Monday, May 18th. Finally, Wall Street Zen raised Dorian LPG from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 25th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $55.00.

Dorian LPG Trading Up 2.5%

The company has a debt-to-equity ratio of 0.28, a current ratio of 3.26 and a quick ratio of 3.24. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 6.91 and a beta of 0.62. The business's 50-day moving average price is $43.74 and its two-hundred day moving average price is $39.75.

Dorian LPG (NYSE:LPG - Get Free Report) last announced its earnings results on Tuesday, August 4th. The shipping company reported $2.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.12 by $0.40. The firm had revenue of $187.88 million for the quarter, compared to analyst estimates of $160.78 million. Dorian LPG had a net margin of 55.00% and a return on equity of 25.69%. Dorian LPG's revenue was up 123.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 earnings per share.

Dorian LPG Announces Dividend

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

Insider Transactions at Dorian LPG

In other Dorian LPG news, insider Tim Truels Hansen sold 25,000 shares of Dorian LPG stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $45.04, for a total value of $1,126,000.00. Following the transaction, the insider owned 157,675 shares in the company, valued at $7,101,682. This trade represents a 13.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 13.50% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in Dorian LPG by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,549,771 shares of the shipping company's stock worth $87,199,000 after acquiring an additional 73,754 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Dorian LPG by 12.4% during the fourth quarter. Vanguard Group Inc. now owns 1,874,907 shares of the shipping company's stock valued at $45,635,000 after purchasing an additional 207,575 shares during the period. California State Teachers Retirement System raised its stake in shares of Dorian LPG by 3,299.8% during the second quarter. California State Teachers Retirement System now owns 1,765,641 shares of the shipping company's stock valued at $61,409,000 after purchasing an additional 1,713,708 shares during the period. Geode Capital Management LLC lifted its position in shares of Dorian LPG by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,116,702 shares of the shipping company's stock worth $27,184,000 after purchasing an additional 10,480 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Dorian LPG by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 678,899 shares of the shipping company's stock worth $16,524,000 after purchasing an additional 23,974 shares in the last quarter. 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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