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

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

Dorian LPG Price Performance

Dorian LPG stock opened at $37.77 on Wednesday. The company has a quick ratio of 3.60, a current ratio of 4.60 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $1.53 billion, a P/E ratio of 4.97 and a beta of 0.97. The firm has a fifty day moving average of $42.38 and a 200-day moving average of $40.47. Dorian LPG has a 52-week low of $24.17 and a 52-week high of $51.66.

Dorian LPG (NYSE:LPG) last released its quarterly earnings data on Thursday, August 1st. The shipping company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.03 by $0.23. Dorian LPG had a return on equity of 30.64% and a net margin of 54.48%. The company had revenue of $114.30 million for the quarter, compared to analyst estimates of $113.70 million. During the same period last year, the company posted $1.21 earnings per share. The firm’s revenue was up 2.4% compared to the same quarter last year. As a group, analysts predict that Dorian LPG will post 4.72 EPS for the current year.

Analysts Set New Price Targets

LPG has been the subject of a number of analyst reports. DNB Markets upgraded Dorian LPG from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Wednesday, July 3rd. StockNews.com lowered shares of Dorian LPG from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Finally, Jefferies Financial Group increased their price objective on shares of Dorian LPG from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd.

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.