Dorian LPG (NYSE:LPG) Hits New 1-Year Low – What’s Next?

Dorian LPG Ltd. (NYSE:LPG) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $24.90 and last traded at $25.01, with a volume of 51616 shares traded. The stock had previously closed at $25.74.

Analysts Set New Price Targets

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

Dorian LPG Trading Down 0.9 %

The firm has a market cap of $1.04 billion, a P/E ratio of 4.17 and a beta of 1.00. The company’s 50 day simple moving average is $31.08 and its 200-day simple moving average is $37.44. The company has a quick ratio of 4.20, a current ratio of 4.22 and a debt-to-equity ratio of 0.48.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings data on Thursday, October 31st. The shipping company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.17). Dorian LPG had a net margin of 47.87% and a return on equity of 23.75%. The business had revenue of $82.40 million for the quarter, compared to analysts’ expectations of $82.40 million. During the same quarter in the previous year, the firm earned $1.85 EPS. Dorian LPG’s revenue was down 43.1% compared to the same quarter last year. As a group, research analysts predict that Dorian LPG Ltd. will post 3.45 earnings per share for the current fiscal year.

Dorian LPG Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, November 25th. Stockholders of record on Tuesday, November 5th were issued a $1.00 dividend. The ex-dividend date was Tuesday, November 5th.

Institutional Trading of Dorian LPG

Several institutional investors and hedge funds have recently modified their holdings of LPG. Beacon Capital Management LLC purchased a new position in Dorian LPG during the 1st quarter worth $27,000. Quarry LP increased its stake in shares of Dorian LPG by 57.8% during the second quarter. Quarry LP now owns 942 shares of the shipping company’s stock valued at $40,000 after buying an additional 345 shares during the period. GAMMA Investing LLC raised its holdings in shares of Dorian LPG by 60.3% in the second quarter. GAMMA Investing LLC now owns 1,050 shares of the shipping company’s stock valued at $44,000 after acquiring an additional 395 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in Dorian LPG by 126.7% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,247 shares of the shipping company’s stock worth $52,000 after acquiring an additional 697 shares during the period. Finally, CWM LLC grew its holdings in Dorian LPG by 285.4% during the 3rd quarter. CWM LLC now owns 2,058 shares of the shipping company’s stock worth $71,000 after acquiring an additional 1,524 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

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.