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

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

Dorian LPG Price Performance

Shares of NYSE LPG opened at $41.25 on Friday. Dorian LPG has a twelve month low of $21.02 and a twelve month high of $49.54. The company has a current ratio of 3.31, a quick ratio of 3.29 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 5.48 and a beta of 1.13. The firm has a 50-day moving average of $38.07 and a two-hundred day moving average of $38.65.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings results on Thursday, February 1st. The shipping company reported $2.62 earnings per share 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 during the quarter, compared to the consensus estimate of $154.49 million. During the same period in the prior year, the company earned $1.29 EPS. As a group, analysts expect that Dorian LPG will post 7.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

About Dorian LPG

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.