Dorian LPG (NYSE:LPG) Reaches New 52-Week Low – Here’s What Happened

Dorian LPG Ltd. (NYSE:LPG) shares reached a new 52-week low on Tuesday . The company traded as low as $27.15 and last traded at $27.66, with a volume of 80872 shares changing hands. The stock had previously closed at $28.84.

Wall Street Analysts Forecast Growth

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

Dorian LPG Stock Down 5.7 %

The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.20 and a current ratio of 4.22. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 4.69 and a beta of 1.00. The business has a 50-day moving average of $34.25 and a 200-day moving average of $39.21.

Dorian LPG (NYSE:LPG) last posted its earnings results on Thursday, October 31st. The shipping company reported $0.35 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 company had revenue of $82.40 million during the quarter, compared to analysts’ expectations of $82.40 million. During the same period last year, the business earned $1.85 earnings per share. The company’s quarterly revenue was down 43.1% on a year-over-year basis. On average, sell-side analysts expect that Dorian LPG Ltd. will post 3.93 EPS for the current year.

Dorian LPG Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, November 25th. Shareholders of record on Tuesday, November 5th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. Dorian LPG’s dividend payout ratio is currently 16.95%.

Institutional Trading of Dorian LPG

A number of large investors have recently bought and sold shares of the business. Olympiad Research LP grew its holdings in shares of Dorian LPG by 324.6% during the third quarter. Olympiad Research LP now owns 23,129 shares of the shipping company’s stock worth $796,000 after buying an additional 17,682 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Dorian LPG by 98.9% during the third quarter. Farther Finance Advisors LLC now owns 20,577 shares of the shipping company’s stock worth $708,000 after buying an additional 10,229 shares in the last quarter. New York State Teachers Retirement System raised its stake in Dorian LPG by 1.9% in the 3rd quarter. New York State Teachers Retirement System now owns 21,640 shares of the shipping company’s stock valued at $745,000 after purchasing an additional 394 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Dorian LPG by 3.3% during the third quarter. State of Alaska Department of Revenue now owns 20,672 shares of the shipping company’s stock valued at $711,000 after buying an additional 652 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in Dorian LPG in the third quarter valued at $2,238,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

About Dorian LPG

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.