Dorian LPG (NYSE:LPG) Hits New 12-Month Low – Here’s What Happened

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

Analyst Upgrades and Downgrades

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

Dorian LPG Price Performance

The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.20. The firm has a market cap of $1.03 billion, a PE ratio of 4.15 and a beta of 1.00. The business’s fifty day moving average is $30.44 and its 200-day moving average is $37.03.

Dorian LPG (NYSE:LPG) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $82.40 million. During the same quarter in the previous year, the company posted $1.85 earnings per share. The business’s quarterly revenue was down 43.1% compared to the same quarter last year. On average, research analysts predict that Dorian LPG Ltd. will post 3.45 earnings per share for the current fiscal year.

Dorian LPG Dividend Announcement

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Dorian LPG by 16.7% during the 1st quarter. Vanguard Group Inc. now owns 2,133,837 shares of the shipping company’s stock valued at $82,067,000 after buying an additional 305,818 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Dorian LPG by 844.2% in the first 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. Tidal Investments LLC grew its position in Dorian LPG by 18.4% during the first quarter. Tidal Investments LLC now owns 18,847 shares of the shipping company’s stock valued at $725,000 after acquiring an additional 2,929 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Dorian LPG by 60.3% during the second quarter. GAMMA Investing LLC now owns 1,050 shares of the shipping company’s stock worth $44,000 after acquiring an additional 395 shares in the last quarter. Finally, Csenge Advisory Group bought a new stake in shares of Dorian LPG in the 2nd quarter worth approximately $455,000. 62.50% of the stock is owned by 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.