Dorian LPG Ltd. (NYSE: LPG) stock jumped 0.29% on Thursday to $27.43 against a previous-day closing price of $27.35. With 0.71 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.61 million shares. During the session, the Oil & Gas Midstream company that operates in wider Energy sector, reached to the highest price of $28.31 whereas the lowest price it dropped to was $27.34. The 52-week range on LPG shows that it touched its highest point at $29.03 and its lowest point at $10.79 during that stretch. It currently has a 1-year price target of $26.22. Beta for the stock currently stands at 1.18.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LPG was down-trending over the past week, with a drop of -3.18%, but this was up by 7.11% over a month. Three-month performance surged to 16.24% while six-month performance rose 48.30%. The stock gained 124.30% in the past year, while it has gained 64.26% so far this year. A look at the trailing 12-month EPS for LPG yields 4.95 with Next year EPS estimates of 2.19. For the next quarter, that number is 1.55. This implies an EPS growth rate of 140.60% for this year and -49.38% for next year. EPS is expected to grow by 15.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 67.90%.
Float and Shares Shorts:
At present, 40.14 million LPG shares are outstanding with a float of 34.01 million shares on hand for trading. On Aug 30, 2023, short shares totaled 1.24 million, which was 3.08% higher than short shares on Jul 30, 2023. In addition to Mr. John C. Hadjipateras as the firm’s Chairman, Pres & CEO, Mr. Theodore B. Young serves as its CFO, Treasurer and Principal Financial & Accounting Officer.
Institutional Ownership:
Through their ownership of 65.77% of LPG’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 69.67% of LPG, in contrast to 39.07% held by mutual funds. Shares owned by individuals account for 25.82%. As the largest shareholder in LPG with 11.81% of the stake, BlackRock Fund Advisors holds 4,767,215 shares worth 4,767,215. A second-largest stockholder of LPG, Dimensional Fund Advisors LP, holds 3,190,838 shares, controlling over 7.90% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in LPG, holding 1,180,805 shares or 2.92% stake. With a 5.58% stake in LPG, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 2,254,080 shares are owned by the mutual fund manager. The DFA US Small Cap Value Portfolio, which owns about 2.52% of LPG stock, is the second-largest Mutual Fund holder. It holds 1,015,469 shares valued at 30.2 million. Pacer Fds. Tr. – US Small Cap Cas holds 1.83% of the stake in LPG, owning 740,258 shares worth 22.02 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, LPG reported revenue of $76.82M and operating income of $28.95M. The EBITDA in the recently reported quarter was $48.66M and diluted EPS was $0.62.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LPG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With LPG analysts setting a high price target of $32.00 and a low target of $23.00, the average target price over the next 12 months is $27.04. Based on these targets, LPG could surge 16.66% to reach the target high and fall by -16.15% to reach the target low. Reaching the average price target will result in a decline of -1.42% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded LPG stock several times over the past three months with 6 Buys and 23 Sells. In these transactions, 192,208 shares were bought while 354,028 shares were sold. The number of buy transactions has increased to 17 while that of sell transactions has risen to 62 over the past year. The total number of shares bought during that period was 284,735 while 2,220,132 shares were sold.
