Dorian LPG Ltd. (NYSE: LPG) Volatility Spurs A Quest For Clarity

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Dimensional Fund Advisors LP recently announced the acquisition of new stake in Dorian LPG Ltd. (NYSE:LPG). The institutional investor has increased its shareholding in the Energy company by 5.22% to 4.04 million shares with purchase of 0.2 million shares. This fresh investment now brings its stake to 7.95% valued currently at $31.27 million. In addition, BlackRock Fund Advisors raised its holdings by 2.17 million to 4.0 million shares. And The Vanguard Group, Inc. has lifted its position by 89.03% or 0.52 million shares – to 1.1 million shares.

With over 0.5 million Dorian LPG Ltd. (LPG) shares trading Wednesday and a closing price of $7.83 on the day, the dollar volume was approximately $3.95 million. The shares have shown a positive weekly performance of 3.43% and its price on 07/15/20 gained nearly 4.68%. Currently, there are 52.38M common shares owned by the public and among those 44.99M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 6 analysts who have offered their price forecasts for LPG have a consensus price objective of $9.28. The analysts have set the share’s price value over the next 12 months at a high of $15.00 and a low of $5.70 should the stock experience a downside. Incidentally, analysts’ outlook for the Dorian LPG Ltd. stock is 2.30 for the next 12 months. The average price target is 26.13% above its last price level and an upside to the estimated low will see the stock lose -37.37% over that period. But an upside of 47.8% will see the stock hit the forecast high price target while mean target price for the stock is $8.50.

Insiders at the company have transacted a total of 64 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 30 of these insider trades were purchases, accounting for 404,704 shares. Insider sales of the common stock occurred on 34 occasions, with total insider shares sold totaling 1,250,788 shares.

The top 3 mutual fund holders in Dorian LPG Ltd. are iShares Core S&P Small Cap ETF, DFA US Small Cap Value Portfolio, and iShares Russell 2000 ETF. iShares Core S&P Small Cap ETF owns 1.66 million shares of the company’s stock, all valued at over $12.89 million. DFA US Small Cap Value Portfolio bought 0.17 million shares to see its total holdings expand to 1.47 million shares valued at over $11.36 million and representing 2.89% of the shares outstanding. iShares Russell 2000 ETF sold 18189.0 shares to bring its total holdings to over 0.72 million shares at a value of $5.56 million. iShares Russell 2000 ETF now owns shares totaling to 1.41% of the shares outstanding.

Shares of Dorian LPG Ltd. (NYSE: LPG) opened at $7.69, up $0.21 from a prior closing price of $7.48. However, the script later closed the day at $7.83, up 4.68%. The company’s stock has a 5-day price change of 3.43% and -10.00% over the past three months. LPG shares are trading -49.42% year to date (YTD), with the 12-month market performance down to -18.35% lower. It has a 12-month low price of $6.08 and touched a high of $16.68 over the same period. Currently, 0.5 million shares have been traded, compared to an average intraday trading volume of 627.24K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.75%, -1.34%, and -28.36% respectively.

Institutional ownership of Dorian LPG Ltd. (NYSE: LPG) shares accounts for 78.10% of the company’s 52.38M shares outstanding. Mutual fund holders own 43.89%, while other institutional holders and individual stakeholders account for 64.27% and 31.84% respectively.

It has a market capitalization of $376.70M and a beta (3y monthly) value of 1.26. The stock’s trailing 12-month PE ratio is 3.78, while the earnings-per-share (ttm) stands at $2.07. The company has a PEG of 0.25 and a Quick Ratio of 1.60 with the debt-to-equity ratio at 0.65. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.02% over the week and 4.89% over the month.

Analysts forecast that Dorian LPG Ltd. (LPG) will achieve an EPS of $0.48 for the current quarter, $0.08 for the next quarter and $2.47 for 2022. The lowest estimate earnings-per-share for the quarter is $0.44 while analysts give the company a high EPS estimate of $0.52. Comparatively, EPS for the current quarter was $0.22 a year ago. Earnings per share for the fiscal year are expected to increase by 321.10%, and 126.44% over the next financial year. EPS should shrink at an annualized rate of 15.00% over the next five years, compared to 35.70% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate Dorian LPG Ltd. (LPG) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 3 of the 6 advise that investors “hold,” and 1 rated it as a “Sell.”

Looking at the support for the LPG, a number of firms have released research notes about the stock. Evercore ISI stated their In-line rating for the stock in a research note on May 28, 2020, with the firm’s price target at. DNB Markets coverage for the Dorian LPG Ltd. (LPG) stock in a research note released on April 08, 2020 offered a Buy rating with a price target of. DNB Markets was of a view on March 09, 2020 that the stock is Hold, while Evercore ISI gave the stock Outperform rating on December 20, 2019, issuing a price target of. DNB Markets on their part issued Buy rating on October 14, 2019.

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