Profile
Sector:
EnergyIndustry:
Oil & Gas MidstreamCountry:
United StatesIPO:
08 May 2014Website:
http://www.dorianlpg.comNext earnings report:
01 November 2024Last dividends:
08 August 2024Next dividends:
N/APrice
after hours | 65 min agoAnalysts recommendations
Institutional Ownership
LPG Latest News
The latest trading day saw Dorian LPG (LPG) settling at $35.81, representing a -0.89% change from its previous close.
In the most recent trading session, Dorian LPG (LPG) closed at $36.13, indicating a -0.61% shift from the previous trading day.
Dorian LPG (LPG) reachead $35.39 at the closing of the latest trading day, reflecting a +0.48% change compared to its last close.
The latest trading day saw Dorian LPG (LPG) settling at $34.47, representing a -0.49% change from its previous close.
Dorian LPG's stock is a Buy due to favorable market conditions, including increased U.S. LPG exports and stable demand from Asian markets. Its recent equity raise caused a 10% share drop, providing an entry point, as shares now trade at NAV. Dorian LPG's fleet strategy focuses on upgrading rather than expanding, ensuring sustainability and efficiency without overcommitting to newbuilds.
Despite a recent 30% drop in share price, the company's strong balance sheet, low debt levels, and cash reserves indicate solid financial health and flexibility. I believe Dorian's fleet utilization decline is due to temporary disruptions, and I expect a recovery in the upcoming quarters as external pressures ease. I am monitoring potential risks from increased VLGC fleet supply, which could pressure freight rates if demand growth lags.
BW LPG reported Q2 earnings with a slight decrease in TCE, EPS, and DPS compared to last year. 86% of Q3 days are booked at $43,000. BW LPG acquired Avance Gas' VLGC fleet, leading to a 27% decrease in AVACF stock and a 5% decrease in BWLP stock. The acquisition deal increased BW LPG's fleet scale and leverage, with a potential positive impact on profits offsetting shareholder dilution used to pay for the ships.
Investors need to pay close attention to Dorian LPG (LPG) stock based on the movements in the options market lately.
Dorian LPG Ltd (NYSE:LPG ) Q1 2025 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants Theodore Young - CFO, Treasurer, Principal Financial and Accounting Officer; Chief Financial Officer and Treasurer John Lycouris - CEO John Hadjipateras - Chairman, President, CEO & President Tim Hansen - Chief Commercial Officer Conference Call Participants Omar Nokta - Jefferies Operator Good day, everyone, and welcome to the Dorian LPG First Quarter 2025 earnings conference call. [Operator Instructions].
The increased demand for liquefied petroleum gases is likely to have aided Dorian LPG's (LPG) top line in fiscal Q1.
What type of business is Dorian LPG?
Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.
What sector is Dorian LPG in?
Dorian LPG is in the Energy sector
What industry is Dorian LPG in?
Dorian LPG is in the Oil & Gas Midstream industry
What country is Dorian LPG from?
Dorian LPG is headquartered in United States
When did Dorian LPG go public?
Dorian LPG initial public offering (IPO) was on 08 May 2014
What is Dorian LPG website?
https://www.dorianlpg.com
Is Dorian LPG in the S&P 500?
No, Dorian LPG is not included in the S&P 500 index
Is Dorian LPG in the NASDAQ 100?
No, Dorian LPG is not included in the NASDAQ 100 index
Is Dorian LPG in the Dow Jones?
No, Dorian LPG is not included in the Dow Jones index
When was Dorian LPG the previous earnings report?
No data
When does Dorian LPG earnings report?
The next expected earnings date for Dorian LPG is 01 November 2024