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

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

Analyst Upgrades and Downgrades

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

Dorian LPG Stock Performance

The company has a quick ratio of 3.95, a current ratio of 3.97 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average price of $24.11 and a two-hundred day moving average price of $28.93. The firm has a market cap of $904.19 million, a PE ratio of 5.38 and a beta of 0.91.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings data on Friday, January 31st. The shipping company reported $0.43 earnings per share for the quarter, beating 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 last year, the company posted $2.62 EPS. Research analysts forecast that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Dorian LPG Cuts Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. New York State Teachers Retirement System increased its holdings in shares of Dorian LPG by 1.9% in the third quarter. New York State Teachers Retirement System now owns 21,640 shares of the shipping company’s stock valued at $745,000 after purchasing an additional 394 shares during the last quarter. Beacon Capital Management LLC increased its stake in shares of Dorian LPG by 61.1% in the 4th quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company’s stock worth $27,000 after acquiring an additional 428 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Dorian LPG by 2.5% in the 4th quarter. Franklin Resources Inc. now owns 22,593 shares of the shipping company’s stock worth $551,000 after acquiring an additional 545 shares during the last quarter. Voya Investment Management LLC raised its holdings 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 acquiring an additional 572 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in shares of Dorian LPG by 3.3% during 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 acquiring an additional 652 shares during the last quarter. 62.50% of the stock is 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.