While Dorian LPG Ltd has overperformed by 2.88%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LPG fell by -31.93%, with highs and lows ranging from $39.20 to $16.31, whereas the simple moving average jumped by 5.27% in the last 200 days.
On July 03, 2024, DNB Markets Upgraded Dorian LPG Ltd (NYSE: LPG) to Buy. A report published by DNB Markets on January 26, 2024, Downgraded its rating to ‘Hold’ for LPG. Jefferies also Upgraded LPG shares as ‘Buy’, setting a target price of $50 on the company’s shares in a report dated November 20, 2023. Pareto October 16, 2023d the rating to Buy on October 16, 2023, and set its price target from $27 to $35. Jefferies August 03, 2023d its ‘Buy’ rating to ‘Hold’ for LPG, as published in its report on August 03, 2023. DNB Markets’s report from July 10, 2023 suggests a price prediction of $26.90 for LPG shares, giving the stock a ‘Hold’ rating. Evercore ISI also rated the stock as ‘Outperform’.
Analysis of Dorian LPG Ltd (LPG)
The current dividend for LPG investors is set at $0.00 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter decrease in sales is -46.33%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Dorian LPG Ltd’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 8.71% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.52, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and LPG is recording an average volume of 818.89K. On a monthly basis, the volatility of the stock is set at 3.72%, whereas on a weekly basis, it is put at 2.30%, with a gain of 14.09% over the past seven days. Furthermore, long-term investors anticipate a median target price of $27.07, showing growth from the present price of $25.75, 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?
Dorian LPG Ltd (LPG) is based in the USA and is one of the most prominent companies operating in the Oil & Gas Midstream market. 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 11.92, there is a growth in quarterly earnings of -90.30%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 14.37%. 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 63.55% 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 63.55% at present.
