Dorian LPG Ltd. (NYSE:LPG) shares traded -2.78% lower at $20.65 on Wall Street last session.
In accordance with the data, 8 analysts cover Dorian LPG Ltd. (NYSE:LPG). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $27.50 and a low of $10.00, we find $23.50. Given the previous closing price of $21.24, this indicates a potential upside of 10.64 percent. LPG stock price is now 5.01% away from the 50-day moving average and 29.12% away from the 200-day moving average. The market capitalization of the company currently stands at $866.47M.
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It has been rated a hold by 2 analysts and a buy by 4. Brokers who have rated the stock have averaged $21.63 as their price target over the next twelve months.
With the price target maintained at $19, UBS recently Downgraded its rating from Buy to Neutral for Dorian LPG Ltd. (NYSE: LPG). On July 21, 2022, Jefferies recently initiated its ‘Buy’ rating on the stock quoting a target price of $20, while ‘UBS’ rates the stock as ‘Buy’.
In other news, Coleman Thomas Jason, Director sold 20,000 shares of the company’s stock on Mar 09. The stock was sold for $445,800 at an average price of $22.29. Upon completion of the transaction, the Director now directly owns 722,000 shares in the company, valued at $14.91 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 08, Director Coleman Thomas Jason sold 60,000 shares of the business’s stock. A total of $1,342,200 was realized by selling the stock at an average price of $22.37. This leaves the insider owning 742,000 shares of the company worth $15.32 million. Insiders disposed of 1,609,126 shares of company stock worth roughly $33.23 million over the past 1 year. A total of 5.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LPG stock. A new stake in Dorian LPG Ltd. shares was purchased by RENAISSANCE TECHNOLOGIES LLC during the first quarter worth $1,633,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP invested $1,225,000 in shares of LPG during the first quarter. In the first quarter, ERGOTELES LLC acquired a new stake in Dorian LPG Ltd. valued at approximately $927,000. JENKINS WEALTH acquired a new stake in LPG for approximately $750,000. FINANCIAL ADVOCATES INVESTMENT MANAGEMENT purchased a new stake in LPG valued at around $723,000 in the second quarter. In total, there are 245 active investors with 67.40% ownership of the company’s stock.
Dorian LPG Ltd. (NYSE: LPG) opened at $20.77 on Monday. During the past 12 months, Dorian LPG Ltd. has had a low of $9.35 and a high of $22.77. As of last week, the company has a debt-to-equity ratio of 0.75, a current ratio of 2.70, and a quick ratio of 2.70. The fifty day moving average price for LPG is $20.19 and a two-hundred day moving average price translates $17.32 for the stock.
The latest earnings results from Dorian LPG Ltd. (NYSE: LPG) was released for Dec, 2022. According to the Oil & Gas Midstream Company, earnings per share came in at $1.29, beating analysts’ expectations of $0.84 by 0.45. This compares to $0.41 EPS in the same period last year. The net profit margin was 39.30% and return on equity was 15.40% for LPG. The company reported revenue of $103.32 million for the quarter, compared to $68.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 50.62 percent. For the current quarter, analysts expect LPG to generate $102.9M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 02/28/2023. Investors who held shares on 02/15/2023 were paid a $1.00 dividend.
Dorian LPG Ltd.(LPG) Company Profile
Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. The company owns and operates very large gas carriers (VLGCs). As of May 27, 2022, its fleet consisted of twenty-two VLGCs. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.
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