Dorian LPG (NYSE:LPG) Hits New 52-Week Low – What’s Next?

Dorian LPG Ltd. (NYSE:LPG)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $22.10 and last traded at $22.26, with a volume of 26365 shares. The stock had previously closed at $22.42.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LPG shares. Jefferies Financial Group restated a “buy” rating and issued a $35.00 price objective on shares of Dorian LPG in a research report on Friday, January 31st. Pareto Securities raised Dorian LPG to a “buy” rating in a research note on Tuesday, February 4th.

Dorian LPG Price Performance

The firm has a market cap of $961.16 million, a PE ratio of 5.72 and a beta of 0.91. The stock’s fifty day moving average price is $24.17 and its 200-day moving average price is $29.13. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.95 and a current ratio of 3.97.

Dorian LPG (NYSE:LPG) last released its quarterly earnings results on Friday, January 31st. The shipping company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. Dorian LPG had a return on equity of 15.14% and a net margin of 38.51%. During the same period in the previous year, the company posted $2.62 EPS. As a group, equities analysts forecast that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Dorian LPG Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, February 27th. Stockholders of record on Wednesday, February 5th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, February 5th. Dorian LPG’s dividend payout ratio (DPR) is presently 25.45%.

Institutional Investors Weigh In On Dorian LPG

Several institutional investors and hedge funds have recently made changes to their positions in LPG. New York State Teachers Retirement System raised its position in Dorian LPG by 1.9% during the third quarter. New York State Teachers Retirement System now owns 21,640 shares of the shipping company’s stock worth $745,000 after acquiring an additional 394 shares during the last quarter. Beacon Capital Management LLC increased its stake in shares of Dorian LPG by 61.1% during the 4th quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company’s stock worth $27,000 after purchasing an additional 428 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Dorian LPG by 2.5% during the 4th quarter. Franklin Resources Inc. now owns 22,593 shares of the shipping company’s stock worth $551,000 after purchasing an additional 545 shares during the last quarter. Voya Investment Management LLC raised its position in shares of Dorian LPG by 3.8% during the 4th quarter. Voya Investment Management LLC now owns 15,791 shares of the shipping company’s stock worth $385,000 after purchasing an additional 572 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in Dorian LPG by 3.3% in the 3rd 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 in the last quarter. 62.50% of the stock is currently owned by hedge funds and other 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.