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

Dorian LPG Ltd. (NYSE:LPG) announced a None dividend on Wednesday, July 24th, Zacks reports. Shareholders of record on Thursday, August 8th will be paid a dividend of 1.00 per share by the shipping company on Wednesday, August 21st. The ex-dividend date is Thursday, August 8th.

Dorian LPG Trading Up 0.8 %

Shares of LPG stock opened at $40.51 on Thursday. Dorian LPG has a 1 year low of $24.17 and a 1 year high of $51.66. The firm has a fifty day moving average price of $43.52 and a 200-day moving average price of $40.72. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 5.33 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.62 and a quick ratio of 3.60.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings data on Wednesday, May 22nd. The shipping company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.81 by $0.10. The firm had revenue of $141.40 million for the quarter, compared to the consensus estimate of $144.25 million. Dorian LPG had a return on equity of 32.22% and a net margin of 54.83%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.94 earnings per share. As a group, equities analysts predict that Dorian LPG will post 6.07 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on LPG shares. Jefferies Financial Group increased their price objective on shares of Dorian LPG from $46.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. DNB Markets raised Dorian LPG from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Wednesday, July 3rd. Finally, StockNews.com lowered Dorian LPG from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd.

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.