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

Dorian LPG Ltd. (NYSE:LPG) reached a new 52-week low during trading on Friday . The company traded as low as $18.25 and last traded at $18.11, with a volume of 16980 shares trading hands. The stock had previously closed at $20.12.

Wall Street Analysts Forecast Growth

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

Dorian LPG Stock Performance

The company has a current ratio of 3.97, a quick ratio of 3.95 and a debt-to-equity ratio of 0.48. The stock has a fifty day moving average price of $22.33 and a 200 day moving average price of $25.99. The firm has a market cap of $739.91 million, a price-to-earnings ratio of 4.40 and a beta of 0.87.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings data on Friday, January 31st. The shipping company reported $0.43 earnings per share for the quarter, beating the consensus estimate 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 business earned $2.62 earnings per share. As a group, analysts predict that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 27th. Shareholders of record on Wednesday, February 5th were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. Dorian LPG’s dividend payout ratio (DPR) is presently 25.45%.

Hedge Funds Weigh In On Dorian LPG

Several hedge funds and other institutional investors have recently modified their holdings of LPG. Charles Schwab Investment Management Inc. lifted its position in Dorian LPG by 7.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 471,768 shares of the shipping company’s stock worth $16,238,000 after buying an additional 34,344 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Dorian LPG by 14.7% during the third quarter. JPMorgan Chase & Co. now owns 197,574 shares of the shipping company’s stock worth $6,800,000 after acquiring an additional 25,343 shares during the period. Barclays PLC boosted its position in shares of Dorian LPG by 392.6% during the third quarter. Barclays PLC now owns 62,935 shares of the shipping company’s stock worth $2,167,000 after buying an additional 50,160 shares during the period. State Street Corp raised its holdings in shares of Dorian LPG by 3.6% in the third quarter. State Street Corp now owns 1,357,420 shares of the shipping company’s stock valued at $46,722,000 after purchasing an additional 47,780 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Dorian LPG by 10.3% during the 4th quarter. Victory Capital Management Inc. now owns 180,701 shares of the shipping company’s stock worth $4,404,000 after buying an additional 16,947 shares during 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.