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Dorian LPG Ltd

Dorian LPG Ltd

LPG
$41.03USD↓-0.65%-0.27 today

MARKET CAP

1.8B

P/E (TTM)

9.0x

FWD P/E

7.6x

DAY RANGE

$40 – $42

52W RANGE

$24
$48

AI Summary

Stalk
Buy NowHigh

In a Stage 2 advancing regime with both long- and short-term uptrends and an active Lockout Rally pattern, LPG is extended above its rising EMA zone but holding key support. Lockout Rally dynamics justify immediate participation on continuation, with entries focused on shallow pullbacks into the 9/21 EMA area while monitoring overbought signals and overhead resistance.

  • ↑TCE revenue per available day hit $63,615, second-highest ever.
  • ↑High earnings yield and solid growth factor point to value upside.
  • ↓Geopolitical tensions in the Middle East heighten freight volatility.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Dorian LPG Ltd. (NYSE: LPG) is a leading player in the liquefied petroleum gas (LPG) shipping sector, focusing on the transportation of LPG and ammonia via its fleet of Very Large Gas Carriers (VLGCs). Positioned to capitalize on increasing global demand for LPG, Dorian is strategically enhancing its fleet while emphasizing sustainability through technology and regulatory compliance. Their commitment to operational efficiency and shareholder returns underscores their efforts in a sector characterized by volatile market dynamics.

Bull says

  • ↑TCE revenue per available day hit $63,615, second-highest ever.
  • ↑High earnings yield and solid growth factor point to value upside.
  • ↑Generated $327.4 M free cash flow enabling $1/share irregular dividend.
  • ↑Modernizing fleet with dual-fuel VLGCs enhances fuel efficiency.
  • ↑Analysts raised targets; $55 consensus implies notable upside.
  • ↑Low volatility and strong profitability factors support stability.

Bear says

  • ↓Geopolitical tensions in the Middle East heighten freight volatility.
  • ↓Spot-market exposure causes earnings and cash flow swings.
  • ↓Panama Canal fee hikes pressure operating margins.
  • ↓Weak institutional confidence limits support from large investors.
  • ↓Elevated short interest amplifies downside risk.
  • ↓Low dividend yield may be cut under market stress.

Investment themes with LPG

Tankers↑ +1.73%

Companies operating oil and chemical tanker ships

ZIM · MATX · SBLK

Earnings Call · Q4 2026 · Mgmt. Guidance

Updated 05-20-2026neutral

Transcript signals

Bull points

  • we took delivery of the Arion in late March, our fully ammonia-capable 93,000 CBM VLGC, and she immediately started contributing to earnings, though we won't see the P&L impact until the first quarter of our fiscal 2027.
  • We expect to generate a gain on sale of approximately $30 million from her sale, and I would note that her sale price was actually greater than her contract price in 2015.
  • At March 31, 2026, we reported $327.4 million of free cash, which was sequentially up from the previous quarter. Cash flow from operations was $82 million, or nearly $2 per share.

Bear points

  • The irregular dividend declared at the beginning of the month of $1 per share is our 19th and brings to $18.65 per share in irregular dividends that we have paid since September 21. The increase in the dividend versus the prior quarter is consistent with our previous discussions around the topic. It reflects a balanced mix between results and the long-term needs and prospects of the business. Including the irregular dividend to be paid this month, we've paid nearly $770 million of dividends and have generated net income of $835 million since June 30, 2021, which is the quarter immediately prior to our first irregular dividend. As we've discussed, our board weighs current earnings, our near-term cash forecast, future investment needs, and the overall market environment among a number of factors in making its determination of the appropriate level, if any, for our dividends.
  • The irregular dividend declared at the beginning of the month of $1 per share is our 19th and brings to $18.65 per share in irregular dividends that we have paid since September 21. The increase in the dividend versus the prior quarter is consistent with our previous discussions around the topic. It reflects a balanced mix between results and the long-term needs and prospects of the business. Including the irregular dividend to be paid this month, we've paid nearly $770 million of dividends and have generated net income of $835 million since June 30, 2021, which is the quarter immediately prior to our first irregular dividend. As we've discussed, our board weighs current earnings, our near-term cash forecast, future investment needs, and the overall market environment among a number of factors in making its determination of the appropriate level, if any, for our dividends.
  • Higher oil prices in March due to the Middle East conflict and the subsequent blockage of the Strait of Hormuz led to higher bunker price differentials, which underscored the importance of scrubbers and our fuel efficiencies efforts.
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