Dorian LPG - LPG Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Dorian LPG in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" LPG shares.
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3 Wall Street analysts have issued 12-month price targets for Dorian LPG's shares. Their LPG share price forecasts range from $19.00 to $25.00. On average, they anticipate the company's stock price to reach $22.00 in the next year. This suggests a possible upside of 20.1% from the stock's current price.
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Dorian LPG's stock was trading at $18.95 at the start of the year. Since then, LPG stock has decreased by 3.3% and is now trading at $18.32.
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Dorian LPG saw a decline in short interest in December. As of December 30th, there was short interest totaling 1,270,000 shares, a decline of 21.6% from the December 15th total of 1,620,000 shares. Based on an average daily volume of 551,900 shares, the short-interest ratio is currently 2.3 days. Approximately 3.8% of the company's shares are short sold.
View Dorian LPG's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
View our LPG earnings forecast.

Dorian LPG Ltd. (NYSE:LPG) announced its earnings results on Wednesday, November, 2nd. The shipping company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.11. The shipping company had revenue of $75.97 million for the quarter, compared to the consensus estimate of $64.25 million. Dorian LPG had a net margin of 32.27% and a trailing twelve-month return on equity of 8.86%.

Dorian LPG announced a Variable dividend on Thursday, October 27th. Stockholders of record on Monday, November 7th will be paid a dividend of $1.00 per share on Tuesday, December 6th. The ex-dividend date is Friday, November 4th.
Read our dividend analysis for LPG.

Dorian LPG (NYSE:LPG) pays an annual dividend of $4.50 per share and currently has a dividend yield of 24.93%. LPG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 185.95%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, LPG will have a dividend payout ratio of 239.36% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for LPG.

Based on aggregate information from My MarketBeat watchlists, some companies that other Dorian LPG investors own include Energy Transfer (ET), Tsakos Energy Navigation (TNP), Capital Product Partners (CPLP), GasLog (GLOG), Genco Shipping & Trading (GNK), Advanced Micro Devices (AMD), Enterprise Products Partners (EPD), Pfizer (PFE), SolGold (SOLG) and Teekay Tankers (TNK).

Dorian LPG trades on the New York Stock Exchange (NYSE) under the ticker symbol "LPG."

Dorian LPG's stock is owned by a variety of retail and institutional investors. Top institutional investors include Exchange Traded Concepts LLC (0.21%), SummerHaven Investment Management LLC (0.13%), Jenkins Wealth (0.09%), Yousif Capital Management LLC (0.06%), Comerica Bank (0.05%) and Abner Herrman & Brock LLC (0.04%). Insiders that own company stock include Alexander C Hadjipateras, Christina Tan, John C Hadjipateras, John Lycouris, Theodore B Young and Thomas Jason Coleman.
View institutional ownership trends.

Shares of LPG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LPG stock can currently be purchased for approximately $18.32.

Dorian LPG (NYSE:LPG) has a market capitalization of $739.23 million and generates $274.22 million in revenue each year. The shipping company earns $71.93 million in net income (profit) each year or $2.42 on an earnings per share basis.

The company employs 602 workers across the globe.

Dorian LPG's mailing address is 27 SIGNAL ROAD, STAMFORD CT, 06902. The official website for the company is www.dorianlpg.com. The shipping company can be reached via phone at (203) 674-9900 or via email at ir@dorianlpg.com.