Dorian LPG (NYSE:LPG) Sets New 12-Month Low – What’s Next?

Dorian LPG Ltd. (NYSE:LPG)’s stock price reached a new 52-week low on Monday . The stock traded as low as $23.83 and last traded at $24.18, with a volume of 71993 shares. The stock had previously closed at $24.47.

Wall Street Analysts Forecast Growth

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

Dorian LPG Price Performance

The company has a current ratio of 4.22, a quick ratio of 4.20 and a debt-to-equity ratio of 0.48. The stock has a market cap of $1.03 billion, a P/E ratio of 4.15 and a beta of 1.00. The business has a 50-day simple moving average of $30.44 and a 200 day simple moving average of $37.03.

Dorian LPG (NYSE:LPG) last released its earnings results on Thursday, October 31st. The shipping company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.17). The firm had revenue of $82.40 million for the quarter, compared to analyst estimates of $82.40 million. Dorian LPG had a net margin of 47.87% and a return on equity of 23.75%. The business’s revenue for the quarter was down 43.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.85 EPS. On average, analysts forecast that Dorian LPG Ltd. will post 3.45 earnings per share for the current year.

Dorian LPG Dividend Announcement

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

Hedge Funds Weigh In On Dorian LPG

A number of institutional investors and hedge funds have recently made changes to their positions in LPG. Pacer Advisors Inc. increased its holdings in shares of Dorian LPG by 22.4% during the second quarter. Pacer Advisors Inc. now owns 3,063,551 shares of the shipping company’s stock valued at $128,547,000 after acquiring an additional 560,325 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Dorian LPG by 435.3% during the second quarter. Marshall Wace LLP now owns 457,119 shares of the shipping company’s stock valued at $19,181,000 after buying an additional 371,724 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Dorian LPG by 16.7% in the 1st quarter. Vanguard Group Inc. now owns 2,133,837 shares of the shipping company’s stock worth $82,067,000 after acquiring an additional 305,818 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in 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 valued at $8,653,000 after purchasing an additional 201,134 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Dorian LPG by 14.2% during the 2nd quarter. American Century Companies Inc. now owns 1,063,865 shares of the shipping company’s stock worth $44,640,000 after purchasing an additional 132,542 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.