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Dorian LPG rated Strong Buy as TCE rates exceed expectations, signaling strong earnings and potential 65-75% upside.

Analyst Insights
05 May 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Dorian LPG is rated Strong Buy due to realized Time Charter Equivalent (TCE) rates surpassing previous bullish estimates, indicating significant upside potential. The company has secured 99% of its current quarter days at rates above $58,000 per day, providing strong earnings visibility and cash flow. With vessel margins up 35% to $31,000 per day, fair value estimates suggest a 65-75% price increase from current levels. The yield could reach 10-13% if these rates continue, and concerns about rate sustainability appear overstated given structural and geopolitical factors supporting the market.

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