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LPG

Dorian LPG Ltd.

https://www.dorianlpg.com

Industry

Oil & Gas Midstream

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. The company owns and operates very large gas carriers (VLGCs). As of May 27, 2022, its fleet consisted of twenty-two VLGCs. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.

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Dorian LPG reported a Time Charter Equivalent (TCE) rate of $72,202 per operating day for Q1 FY24, marking a 6.0% year-over-year increase. However, vessel operating expenses per day also rose to $10,699 from $10,528 in Q1 FY23.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 10:13 am

Dorian LPG (NYSE:LPG) reported Q4 2024 earnings per share (EPS) of $1.91, beating the analyst consensus estimate of $1.83. However, the company's quarterly sales of $141.392 million missed the analyst consensus estimate of $147.726 million. This represents a 5.80% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 10:03 am

Benzinga Insights highlights value stocks in the energy sector with low P/E ratios, including Dorian LPG, PBF Energy, Peabody Energy, Seadrill, and Teekay. The report details recent earnings and dividend yields, indicating potential undervaluation and investment opportunities.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 2:39 pm

Benzinga Insights identifies 5 value stocks in the energy sector based on low P/E multiples, indicating undervaluation. Vermilion Energy, Vital Energy, North European Oil, SM Energy, and Dorian LPG are highlighted for their financial metrics and recent performance, including changes in earnings per share and dividend yields.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 2:39 pm

Jefferies analyst Omar Nokta has reiterated a Buy rating on Dorian LPG (NYSE:LPG) and maintained a $50 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 1:12 pm

Dorian LPG reported a significant increase in its Time Charter Equivalent (TCE) rate per operating day for Q3 FY24, rising by 44.7% year-over-year to $76,337. However, vessel operating expenses also increased slightly to $9,936 per day from $9,739 in Q3 FY23.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 11:17 am

Dorian LPG reported Q3 adjusted EPS of $2.62, surpassing the $1.80 estimate, and sales of $163.06M, exceeding the $159.71M estimate. This represents a 103.1% increase in earnings and a 57.82% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 11:11 am

Numerous companies are scheduled to report their quarterly earnings on February 1, 2024, covering a wide range of industries from technology to healthcare. Notable mentions include Apple, Amazon, Meta Platforms, and Shell, with expectations set for both earnings per share and revenue. This diverse earnings report day will provide investors with significant insights into various sectors' performance.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 10:03 am

Dorian LPG (NYSE:LPG) is scheduled to release its quarterly earnings report on Thursday, 2024-02-01, with analysts expecting an EPS of $1.80. The company's past earnings performance shows mixed results with both beats and misses, and stock price reactions varying post-earnings. Last quarter, Dorian LPG beat EPS estimates by $0.05 but saw a 1.86% decline in share price the following day. Over the last 52 weeks, LPG shares have increased by 72.3%, trading at $38.88 as of January 30. Investors will be looking for not just an earnings beat but also positive guidance for future growth.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 8:02 pm

DNB Markets analyst Mats Bye has downgraded Dorian LPG (NYSE:LPG) from Buy to Hold and set a price target of $44.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 4:13 pm

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