Dorian LPG Ltd. Declares Dividend of $0.70 (NYSE:LPG)

Dorian LPG Ltd. (NYSE:LPG) declared a dividend on Friday, January 24th,NASDAQ Dividends reports. Shareholders of record on Wednesday, February 5th will be given a dividend of 0.70 per share by the shipping company on Thursday, February 27th. The ex-dividend date is Wednesday, February 5th.

Dorian LPG Price Performance

Shares of LPG opened at $23.68 on Friday. The company’s 50-day moving average is $24.51 and its 200-day moving average is $31.53. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.20. The firm has a market capitalization of $1.01 billion, a PE ratio of 4.01 and a beta of 0.93. Dorian LPG has a fifty-two week low of $22.46 and a fifty-two week high of $51.66.

Dorian LPG (NYSE:LPG) last released its quarterly earnings results on Thursday, October 31st. The shipping company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.17). Dorian LPG had a net margin of 47.87% and a return on equity of 23.75%. The company had revenue of $82.40 million during the quarter, compared to the consensus estimate of $82.40 million. During the same period in the prior year, the company earned $1.85 earnings per share. The firm’s revenue was down 43.1% compared to the same quarter last year. Equities analysts forecast that Dorian LPG will post 2.84 EPS for the current year.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued a “buy” rating and set a $42.00 price target on shares of Dorian LPG in a report on Thursday, October 31st.

Dorian LPG Company Profile

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