While Dorian LPG Ltd has overperformed by 3.36%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LPG rose by 143.89%, with highs and lows ranging from $48.24 to $16.70, whereas the simple moving average jumped by 29.90% in the last 200 days.
On January 26, 2024, DNB Markets Downgraded Dorian LPG Ltd (NYSE: LPG) to Hold. A report published by Jefferies on November 20, 2023, Upgraded its rating to ‘Buy’ for LPG. Pareto also Upgraded LPG shares as ‘Buy’, setting a target price of $35 on the company’s shares in a report dated October 16, 2023. DNB Markets July 10, 2023d its ‘Buy’ rating to ‘Hold’ for LPG, as published in its report on July 10, 2023. Evercore ISI’s report from May 25, 2023 suggests a price prediction of $32 for LPG shares, giving the stock a ‘Outperform’ rating. UBS also rated the stock as ‘Neutral’.
Analysis of Dorian LPG Ltd (LPG)
Further, the quarter-over-quarter increase in sales is 57.82%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Dorian LPG Ltd’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 33.41% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.29, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and LPG is recording an average volume of 1.03M. On a monthly basis, the volatility of the stock is set at 3.34%, whereas on a weekly basis, it is put at 4.11%, with a gain of 14.02% over the past seven days. Furthermore, long-term investors anticipate a median target price of $35.36, showing decline from the present price of $42.20, which can serve as yet another indication of whether LPG is worth investing in or should be passed over.
How Do You Analyze Dorian LPG Ltd Shares?
A leading company in the Oil & Gas Midstream sector, Dorian LPG Ltd (LPG) is based in the USA. When comparing Dorian LPG Ltd shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 5.60, there is a growth in quarterly earnings of 93.80%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 7.17%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 63.34% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
LPG shares are owned by institutional investors to the tune of 63.34% at present.
