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Oivind Lorentzen, a director at Dorian LPG Ltd. (NYSE:LPG), recently sold 23,386 common shares of the company, according to a filing with the Securities and Exchange Commission. The shares were sold at an average price of $23.11, resulting in a total transaction value of approximately $540,450. Following this sale, Lorentzen directly owns 9,192 shares, with an additional 124,845 shares held in trusts where he has voting and dispositive power. The transaction comes as Dorian LPG, currently valued at $934 million, trades at an attractive P/E ratio of 5.6x and offers a substantial 17% dividend yield. According to InvestingPro analysis, the company maintains strong financial health with a "GREAT" overall score.
Additionally, Lorentzen acquired 5,205 shares as compensation for his role as a non-employee director and member of the Audit Committee. These shares were granted at no cost, based on a volume-weighted average price calculation for the year ended March 31, 2025. The company’s robust financial position is reflected in its impressive current ratio of 3.97, indicating strong liquidity. For deeper insights into Dorian LPG’s valuation and financial metrics, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US equities.
In other recent news, Dorian LPG Ltd reported its Q3 2025 financial results, revealing an earnings per share (EPS) of $0.43, which was below the anticipated $0.74. The company’s revenue also fell short of expectations, coming in at $80.7 million compared to the forecasted $88.94 million. Despite these misses, the company declared an irregular dividend of $0.70 per share. Analysts from Jefferies noted that the company continues to focus on fleet expansion and energy efficiency, which could provide future growth opportunities. Dorian LPG’s proactive approach includes retrofitting vessels to be ammonia-capable, aligning with emerging trends in energy transition. The company’s balance sheet remains robust, with a free cash balance of $314.5 million and a debt to total book capitalization ratio of 34.8%. Additionally, the firm has secured over 53% of its available days for Q1 2025, estimating a Time Charter Equivalent (TCE) rate exceeding $37,000 per day. The company remains optimistic about the LPG trade’s growth prospects, despite some market challenges.
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