Opinions
The Panic-Proof Portfolio (Stockchase Research)
Dorian LPG, Inc.
LPG-N
PAST TOP PICK
Dec 17, 2024
$23.170
Stock price when the opinion was issued
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TOP PICK
Stockchase Research Editor: Michael O'Reilly
LPG owns and operates 25 large vessel tankers that ship propane, butane and other LPGs worldwide. As winter approaches inventories globally are replenished -- usually via tanker -- to major global markets. Economic growth also drives demand thru the petrochemical sector. It trades at 10x earnings, 1.3x book and supports a 30% ROE. We like that cash reserves are growing, while debt is retired and shares bought back. We recommend setting a stop-loss at $23, looking to achieve $45 -- upside potential of 31%. Yield 2.9%
(Analysts’ price target is $44.83)
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Our PAST TOP PICK with LPG has triggered its stop at $23. To remain disciplined, we recommend covering the position at this time.