Dorian LPG (NYSE:LPG) Shares Down 3.4% – What’s Next?

Dorian LPG Ltd. (NYSE:LPG) fell 3.4% during mid-day trading on Friday . The company traded as low as $23.48 and last traded at $23.37. 128,390 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 701,224 shares. The stock had previously closed at $24.20.

Wall Street Analysts Forecast Growth

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

Dorian LPG Stock Down 2.1 %

The stock’s 50 day moving average is $24.56 and its 200 day moving average is $31.65. The company has a market capitalization of $1.01 billion, a PE ratio of 4.02 and a beta of 0.93. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.20 and a current ratio of 4.22.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings data 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). Dorian LPG had a return on equity of 23.75% and a net margin of 47.87%. The company had revenue of $82.40 million during the quarter, compared to the consensus estimate of $82.40 million. During the same quarter last year, the company posted $1.85 earnings per share. The firm’s revenue for the quarter was down 43.1% on a year-over-year basis. On average, sell-side analysts anticipate that Dorian LPG Ltd. will post 2.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Quarry LP raised its stake in 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 last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Dorian LPG by 126.7% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,247 shares of the shipping company’s stock worth $52,000 after purchasing an additional 697 shares during the last quarter. Heck Capital Advisors LLC bought a new position in Dorian LPG in the 4th quarter worth about $37,000. CWM LLC grew its holdings in shares of Dorian LPG by 285.4% during the third quarter. CWM LLC now owns 2,058 shares of the shipping company’s stock valued at $71,000 after buying an additional 1,524 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Dorian LPG by 84.6% in the 4th quarter. KBC Group NV now owns 2,075 shares of the shipping company’s stock worth $51,000 after purchasing an additional 951 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.