Dorian LPG Ltd. Declares None Dividend of $1.00 (NYSE:LPG)

Dorian LPG Ltd. (NYSE:LPG) announced a None dividend on Thursday, April 25th, Zacks reports. Investors of record on Wednesday, May 8th will be paid a dividend of 1.00 per share by the shipping company on Thursday, May 30th. The ex-dividend date of this dividend is Tuesday, May 7th.

Dorian LPG Price Performance

Shares of LPG opened at $41.25 on Friday. Dorian LPG has a fifty-two week low of $21.02 and a fifty-two week high of $49.54. The firm’s 50 day moving average price is $38.07 and its 200 day moving average price is $38.65. The company has a market cap of $1.67 billion, a P/E ratio of 5.48 and a beta of 1.13. The company has a quick ratio of 3.29, a current ratio of 3.31 and a debt-to-equity ratio of 0.57.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings data on Thursday, February 1st. The shipping company reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.35. Dorian LPG had a net margin of 55.02% and a return on equity of 33.59%. The company had revenue of $163.06 million for the quarter, compared to the consensus estimate of $154.49 million. During the same period in the prior year, the firm posted $1.29 EPS. On average, research analysts forecast that Dorian LPG will post 7.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LPG. Jefferies Financial Group reissued a “buy” rating and issued a $50.00 price objective on shares of Dorian LPG in a research report on Thursday, February 1st. DNB Markets downgraded shares of Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 target price on the stock. in a research report on Friday, January 26th. Finally, StockNews.com raised shares of Dorian LPG from a “hold” rating to a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Dorian LPG currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.25.

Dorian LPG Company Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.