Dorian LPG (NYSE:LPG) Sets New 1-Year Low – Here’s Why

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

Wall Street Analyst Weigh In

Several research firms have recently commented on LPG. Jefferies Financial Group reaffirmed a “buy” rating and set a $35.00 price target 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 Trading Down 6.4 %

The business’s 50-day simple moving average is $24.11 and its two-hundred day simple moving average is $28.93. The firm has a market capitalization of $904.19 million, a price-to-earnings ratio of 5.38 and a beta of 0.91. The company has a quick ratio of 3.95, a current ratio of 3.97 and a debt-to-equity ratio of 0.48.

Dorian LPG (NYSE:LPG) last posted its earnings results 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 net margin of 38.51% and a return on equity of 15.14%. During the same period in the prior year, the firm posted $2.62 earnings per share. Equities analysts forecast that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, February 27th. Shareholders of record on Wednesday, February 5th will be issued 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 Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Beacon Capital Management LLC raised its position 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 acquiring an additional 428 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Dorian LPG during the 4th quarter worth approximately $37,000. Quarry LP lifted its position in shares of Dorian LPG by 155.3% during the 4th quarter. Quarry LP now owns 2,035 shares of the shipping company’s stock worth $50,000 after buying an additional 1,238 shares during the last quarter. KBC Group NV boosted its holdings in shares of Dorian LPG by 84.6% in the 4th quarter. KBC Group NV now owns 2,075 shares of the shipping company’s stock valued at $51,000 after buying an additional 951 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Dorian LPG by 146.2% in the 4th quarter. GAMMA Investing LLC now owns 2,194 shares of the shipping company’s stock valued at $53,000 after buying an additional 1,303 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

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.