Dorian LPG - LPG Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Dorian LPG in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" LPG shares.
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3 brokerages have issued 12-month price targets for Dorian LPG's shares. Their LPG share price forecasts range from $19.00 to $20.00. On average, they predict the company's stock price to reach $19.50 in the next twelve months. This suggests a possible upside of 29.6% from the stock's current price.
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Dorian LPG's stock was trading at $12.69 at the start of the year. Since then, LPG shares have increased by 18.6% and is now trading at $15.05.
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Dorian LPG saw a increase in short interest in July. As of July 15th, there was short interest totaling 1,450,000 shares, an increase of 21.8% from the June 30th total of 1,190,000 shares. Based on an average daily volume of 656,800 shares, the short-interest ratio is presently 2.2 days. Approximately 4.2% of the company's stock are short sold.
View Dorian LPG's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our LPG earnings forecast.

Dorian LPG Ltd. (NYSE:LPG) released its earnings results on Thursday, May, 26th. The shipping company reported $0.62 EPS for the quarter. The shipping company earned $79.58 million during the quarter. Dorian LPG had a trailing twelve-month return on equity of 7.85% and a net margin of 31.56%.

Dorian LPG declared a Variable dividend on Wednesday, August 3rd. Stockholders of record on Monday, August 15th will be given a dividend of $1.00 per share on Friday, September 2nd. The ex-dividend date is Friday, August 12th.
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 30.43%. LPG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 199.12%. 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 737.70% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for LPG.

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.

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 many different institutional and retail investors. Top institutional investors include Kensico Capital Management Corp (7.04%), Royce & Associates LP (3.65%), State Street Corp (3.20%), JPMorgan Chase & Co. (1.01%), Northern Trust Corp (0.75%) and Cubist Systematic Strategies LLC (0.70%). Insiders that own company 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.
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 $15.05.

Dorian LPG (NYSE:LPG) has a market capitalization of $604.06 million and generates $274.22 million in revenue each year. The shipping company earns $71.93 million in net income (profit) each year or $2.26 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.