Dorian LPG (NYSE:LPG) Trading Down 2.6%

Shares of Dorian LPG Ltd. (NYSE:LPG) were down 2.6% during mid-day trading on Monday . The stock traded as low as $42.50 and last traded at $42.54. Approximately 49,063 shares changed hands during trading, a decline of 94% from the average daily volume of 868,837 shares. The stock had previously closed at $43.68.

Analysts Set New Price Targets

Several equities analysts have recently commented on LPG shares. DNB Markets raised Dorian LPG from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Wednesday, July 3rd. StockNews.com lowered Dorian LPG from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Finally, Jefferies Financial Group lifted their target price on Dorian LPG from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, May 22nd.

Dorian LPG Stock Up 0.3 %

The stock has a 50-day moving average of $44.15 and a 200 day moving average of $41.09. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.62 and a quick ratio of 3.60. The company has a market cap of $1.69 billion, a P/E ratio of 5.46 and a beta of 0.97.

Dorian LPG (NYSE:LPG) last issued its earnings results on Wednesday, May 22nd. The shipping company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.81 by $0.10. The company had revenue of $141.40 million during the quarter, compared to analysts’ expectations of $144.25 million. Dorian LPG had a net margin of 54.83% and a return on equity of 32.22%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.94 EPS. Research analysts anticipate that Dorian LPG Ltd. will post 6.07 earnings per share for the current year.

Dorian LPG Announces Dividend

The firm also recently declared a None dividend, which was paid on Thursday, May 30th. Stockholders of record on Wednesday, May 8th were paid a $1.00 dividend. The ex-dividend date was Tuesday, May 7th. Dorian LPG’s payout ratio is 26.32%.

Institutional Trading of Dorian LPG

Large investors have recently bought and sold shares of the business. Legacy Capital Group California Inc. bought a new position in Dorian LPG in the 4th quarter valued at approximately $1,065,000. Harvest Investment Services LLC bought a new position in Dorian LPG during the 4th quarter worth approximately $1,424,000. Vanguard Group Inc. raised its stake in Dorian LPG by 13.9% during the third quarter. Vanguard Group Inc. now owns 1,479,325 shares of the shipping company’s stock worth $42,501,000 after buying an additional 180,246 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Dorian LPG by 12.9% in the 3rd quarter. American Century Companies Inc. now owns 521,274 shares of the shipping company’s stock valued at $14,976,000 after purchasing an additional 59,580 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in Dorian LPG by 45.0% during the fourth quarter. Pacer Advisors Inc. now owns 1,342,303 shares of the shipping company’s stock worth $58,887,000 after acquiring an additional 416,809 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

About Dorian LPG

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.