Dorian LPG (NYSE:LPG) Shares Down 4.4% – Time to Sell?

Dorian LPG Ltd. (NYSE:LPG) traded down 4.4% during mid-day trading on Thursday . The company traded as low as $25.76 and last traded at $25.84. 295,103 shares traded hands during trading, a decline of 55% from the average session volume of 648,581 shares. The stock had previously closed at $27.03.

Analysts Set New Price Targets

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

Dorian LPG Stock Down 6.0 %

The company has a market cap of $1.09 billion, a P/E ratio of 4.31 and a beta of 0.93. The company has a quick ratio of 4.20, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The company has a fifty day moving average of $24.88 and a 200 day moving average of $32.38.

Dorian LPG (NYSE:LPG) last announced its earnings results on Thursday, October 31st. The shipping company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $82.40 million. During the same quarter last year, the firm 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 anticipate that Dorian LPG Ltd. will post 2.84 earnings per share for the current fiscal year.

Dorian LPG Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, November 25th. Investors of record on Tuesday, November 5th were issued a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. Dorian LPG’s dividend payout ratio is currently 16.95%.

Institutional Trading of Dorian LPG

Several hedge funds have recently bought and sold shares of the stock. Quarry LP lifted its position in shares of Dorian LPG by 57.8% during the 2nd quarter. Quarry LP now owns 942 shares of the shipping company’s stock valued at $40,000 after buying an additional 345 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Dorian LPG by 126.7% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,247 shares of the shipping company’s stock valued at $52,000 after purchasing an additional 697 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Dorian LPG by 146.2% during the fourth quarter. GAMMA Investing LLC now owns 2,194 shares of the shipping company’s stock valued at $53,000 after purchasing an additional 1,303 shares in the last quarter. CWM LLC boosted its position in shares of Dorian LPG by 285.4% in the third quarter. CWM LLC now owns 2,058 shares of the shipping company’s stock worth $71,000 after purchasing an additional 1,524 shares during the period. Finally, Sei Investments Co. purchased a new stake in shares of Dorian LPG in the second quarter worth $289,000. 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.