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LPG - Dorian LPG: Upgrading To The Next Chapter Of Growth
Dorian LPG Ltd.
2024-06-24 08:35:32 ET
Summary
Dorian LPG stock price increased by 42% in four months since our last article recommending a buy, but dropped back down due to a recent public offering causing dilution.
The company raised $89 million through the public offering, which we think will likely be used for fleet upgrades and potentially building new vessels.
Dorian LPG remains undervalued with strong financial growth momentum, a high dividend yield, and potential for future growth through fleet upgrades.