Dorian LPG Ltd (LPG)
Dorian LPG Ltd. is a leading provider of liquefied petroleum gas (LPG) transportation services, operating a modern fleet of highly specialized vessels to cater to global shipping needs. Headquartered in Stamford, Connecticut, the company strategically positions itself in the maritime industry, focusing on efficiency and reliability to deliver LPG from producers to consumers. With a commitment to adhering to the highest safety standards and environmental regulations, Dorian LPG is well-equipped to navigate the evolving dynamics of international energy markets.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 32.18% per annum.
- LPG price at the close of December 31, 2025 was $24.34 and was higher than the top border of the primary price channel by $2.61 (12.03%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 37.39% per annum.
- LPG price at the close of December 31, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of LPG price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: November 1, 2023
End date: July 1, 2025
a = 4.7493
b = -0.0011
s = 0.1336
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0011) – 1
= -32.18%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1336) – 1
= 70.67%
November 1, 2023 calculations
Top border of price channel:
Exp(Y712)
= Exp(a + b × X712 + 2 × s)
= Exp(a + b × 1,031 + 2 × s)
= Exp(4.7493 + -0.0011 × 1,031 + 2 × 0.1336)
= Exp(3.9199)
= $50.40
Bottom border of price channel:
Exp(Y712)
= Exp(a + b × X712 – 2 × s)
= Exp(a + b × 1,031 – 2 × s)
= Exp(4.7493 + -0.0011 × 1,031 – 2 × 0.1336)
= Exp(3.3854)
= $29.53
July 1, 2025 calculations
Top border of price channel:
Exp(Y1,127)
= Exp(a + b × X1,127 + 2 × s)
= Exp(a + b × 1,639 + 2 × s)
= Exp(4.7493 + -0.0011 × 1,639 + 2 × 0.1336)
= Exp(3.2732)
= $26.40
Bottom border of price channel:
Exp(Y1,127)
= Exp(a + b × X1,127 – 2 × s)
= Exp(a + b × 1,639 – 2 × s)
= Exp(4.7493 + -0.0011 × 1,639 – 2 × 0.1336)
= Exp(2.7386)
= $15.47
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 32.18% per annum.
- LPG price at the close of December 31, 2025 was $24.34 and was higher than the top border of the primary price channel by $2.61 (12.03%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: November 19, 2024
End date: December 19, 2025
a = 1.7669
b = 0.0009
s = 0.1142
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 37.39%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1142) – 1
= 57.91%
November 19, 2024 calculations
Top border of price channel:
Exp(Y976)
= Exp(a + b × X976 + 2 × s)
= Exp(a + b × 1,415 + 2 × s)
= Exp(1.7669 + 0.0009 × 1,415 + 2 × 0.1142)
= Exp(3.2267)
= $25.20
Bottom border of price channel:
Exp(Y976)
= Exp(a + b × X976 – 2 × s)
= Exp(a + b × 1,415 – 2 × s)
= Exp(1.7669 + 0.0009 × 1,415 – 2 × 0.1142)
= Exp(2.7698)
= $15.96
December 19, 2025 calculations
Top border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 + 2 × s)
= Exp(a + b × 1,810 + 2 × s)
= Exp(1.7669 + 0.0009 × 1,810 + 2 × 0.1142)
= Exp(3.5704)
= $35.53
Bottom border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 – 2 × s)
= Exp(a + b × 1,810 – 2 × s)
= Exp(1.7669 + 0.0009 × 1,810 – 2 × 0.1142)
= Exp(3.1136)
= $22.50
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 37.39% per annum.
- LPG price at the close of December 31, 2025 was inside the secondary price channel.