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

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

Wall Street Analysts Forecast Growth

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

Dorian LPG Stock Down 1.1 %

The business’s fifty day moving average price is $32.19 and its 200 day moving average price is $38.19. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 4.45 and a beta of 1.00. The company has a current ratio of 4.22, a quick ratio of 4.20 and a debt-to-equity ratio of 0.48.

Dorian LPG (NYSE:LPG) last announced 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 business had revenue of $82.40 million during the quarter, compared to analysts’ expectations of $82.40 million. During the same period in the previous year, the company posted $1.85 earnings per share. Dorian LPG’s quarterly revenue was down 43.1% on a year-over-year basis. On average, equities analysts expect that Dorian LPG Ltd. will post 3.45 EPS for the current year.

Dorian LPG Dividend Announcement

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

Hedge Funds Weigh In On Dorian LPG

A number of hedge funds and other institutional investors have recently bought and sold shares of LPG. Pacer Advisors Inc. lifted its stake in shares of Dorian LPG by 22.4% in the 2nd quarter. Pacer Advisors Inc. now owns 3,063,551 shares of the shipping company’s stock worth $128,547,000 after acquiring an additional 560,325 shares during the period. Marshall Wace LLP boosted its holdings in Dorian LPG by 435.3% in the 2nd quarter. Marshall Wace LLP now owns 457,119 shares of the shipping company’s stock valued at $19,181,000 after purchasing an additional 371,724 shares in the last quarter. Vanguard Group Inc. increased its position in Dorian LPG by 16.7% during the 1st quarter. Vanguard Group Inc. now owns 2,133,837 shares of the shipping company’s stock worth $82,067,000 after purchasing an additional 305,818 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Dorian LPG by 844.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 224,958 shares of the shipping company’s stock worth $8,653,000 after buying an additional 201,134 shares in the last quarter. Finally, PEAK6 Investments LLC purchased a new stake in shares of Dorian LPG in the first quarter valued at approximately $6,851,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

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.