Dorian LPG (NYSE:LPG) Hits New 52-Week Low – Here’s Why

Dorian LPG Ltd. (NYSE:LPG) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $25.71 and last traded at $25.85, with a volume of 72622 shares. The stock had previously closed at $26.22.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a $42.00 price objective on shares of Dorian LPG in a research note on Thursday, October 31st.

Dorian LPG Trading Down 1.1 %

The company has a current ratio of 4.22, a quick ratio of 4.20 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $1.11 billion, a PE ratio of 4.45 and a beta of 1.00. The stock has a 50 day moving average price of $32.19 and a 200-day moving average price of $38.19.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings results on Thursday, October 31st. The shipping company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.17). The business had revenue of $82.40 million for the quarter, compared to analysts’ expectations of $82.40 million. Dorian LPG had a return on equity of 23.75% and a net margin of 47.87%. The company’s revenue was down 43.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.85 EPS. Sell-side analysts expect that Dorian LPG Ltd. will post 3.45 earnings per share for the current year.

Dorian LPG Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, November 25th. Investors of record on Tuesday, November 5th will be given a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, November 5th.

Institutional Trading of Dorian LPG

Several institutional investors and hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. lifted its position in shares of Dorian LPG by 11.5% during the third quarter. Pacer Advisors Inc. now owns 3,416,004 shares of the shipping company’s stock valued at $117,579,000 after buying an additional 352,453 shares during the last quarter. Vanguard Group Inc. grew its stake in Dorian LPG by 16.7% in the 1st quarter. Vanguard Group Inc. now owns 2,133,837 shares of the shipping company’s stock valued at $82,067,000 after acquiring an additional 305,818 shares during the period. State Street Corp increased its stake in Dorian LPG by 3.6% during the 3rd quarter. State Street Corp now owns 1,357,420 shares of the shipping company’s stock worth $46,722,000 after buying an additional 47,780 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Dorian LPG by 14.2% in the second quarter. American Century Companies Inc. now owns 1,063,865 shares of the shipping company’s stock worth $44,640,000 after buying an additional 132,542 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Dorian LPG by 9.1% during the third quarter. Geode Capital Management LLC now owns 964,222 shares of the shipping company’s stock worth $33,195,000 after buying an additional 80,757 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

Dorian LPG Company Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.