Dorian LPG Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dorian LPG in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Dorian LPG stock.
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2 brokers have issued 12-month target prices for Dorian LPG's stock. Their LPG stock forecasts range from $19.00 to $19.00. On average, they predict Dorian LPG's stock price to reach $19.00 in the next twelve months. This suggests a possible upside of 29.3% from the stock's current price.
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Dorian LPG's stock was trading at $12.69 at the beginning of the year. Since then, LPG shares have increased by 15.8% and is now trading at $14.69.
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Dorian LPG saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,920,000 shares, an increase of 28.9% from the April 30th total of 1,490,000 shares. Based on an average daily volume of 641,200 shares, the short-interest ratio is currently 3.0 days. Approximately 5.6% of the shares of the stock are short sold.
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Dorian LPG is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
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Dorian LPG Ltd. (NYSE:LPG) issued its earnings results on Thursday, May, 26th. The shipping company reported $0.62 earnings per share for the quarter. The shipping company earned $79.58 million during the quarter. Dorian LPG had a trailing twelve-month return on equity of 5.81% and a net margin of 26.23%.
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Dorian LPG announced a Variable dividend on Wednesday, May 4th. Stockholders of record on Monday, May 16th will be given a dividend of $2.50 per share on Thursday, June 2nd. The ex-dividend date of this dividend is Friday, May 13th.
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Dorian LPG(NYSE:LPG) pays an annual dividend of $4.50 per share and currently has a dividend yield of 32.14%. LPG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Dorian LPG is 252.81%. Payout ratios above 75% are not desirable because they may not be sustainable.
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Dorian LPG updated its fourth quarter 2022 earnings guidance on Thursday, June, 16th. The company provided EPS guidance of for the period. The company issued revenue guidance of $77.50 million-$79.50 million, compared to the consensus revenue estimate of $77.43 million.

Some companies that are related to Dorian LPG include Pacific Basin Shipping (PCFBY), Scorpio Tankers (STNG), Frontline (FRO), Costamare (CMRE), SFL (SFL), Danaos (DAC), DHT (DHT), TORM (TRMD), Navigator (NVGS), Genco Shipping & Trading (GNK), Navios Maritime Partners (NMM), Eagle Bulk Shipping (EGLE), Global Ship Lease (GSL), Safe Bulkers (SB) and Diana Shipping (DSX).
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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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.82%), Wellington Management Group LLP (7.35%), Dimensional Fund Advisors LP (6.24%), Royce & Associates LP (3.78%), State Street Corp (3.10%) and Vanguard Group Inc. (2.30%). Company insiders that own Dorian LPG stock include Alexander C Hadjipateras, Christina Tan, Group Ltd Bw, John C Hadjipateras, John C Hadjipateras, John Lycouris, Theodore B Young and Thomas Jason Coleman.
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LPG stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Private Management Group Inc., Vanguard Group Inc., TD Asset Management Inc., Prudential Financial Inc., Mackenzie Financial Corp, Bank of America Corp DE, and Invesco Ltd.. Company insiders that have sold Dorian LPG company stock in the last two years include Alexander C Hadjipateras, Christina Tan, John C Hadjipateras, John Lycouris, Theodore B Young, and Thomas Jason Coleman.
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LPG stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., State Board of Administration of Florida Retirement System, State Street Corp, Teacher Retirement System of Texas, Renaissance Technologies LLC, Essex Investment Management Co. LLC, BlackRock Inc., and Dimensional Fund Advisors LP.
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Shares of LPG 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 $14.69.

Dorian LPG (NYSE:LPG) has a market capitalization of $589.58 million and generates $274.22 million in revenue each year. The shipping company earns $71.93 million in net income (profit) each year or $1.779990 on an earnings per share basis.

Dorian LPG employs 602 workers across the globe.

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