Dorian LPG (NYSE:LPG) Reaches New 52-Week Low – What’s Next?

Dorian LPG Ltd. (NYSE:LPG) shares reached a new 52-week low on Monday . The stock traded as low as $19.80 and last traded at $20.03, with a volume of 257582 shares. The stock had previously closed at $20.36.

Analysts Set New Price Targets

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

Dorian LPG Price Performance

The business’s fifty day simple moving average is $23.95 and its 200-day simple moving average is $28.60. 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 firm has a market cap of $850.94 million, a P/E ratio of 5.06 and a beta of 0.91.

Dorian LPG (NYSE:LPG) last released its earnings results on Friday, January 31st. The shipping company reported $0.43 EPS 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 in the previous year, the firm earned $2.62 EPS. As a group, analysts forecast that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Dorian LPG Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 27th. Stockholders of record on Wednesday, February 5th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, February 5th. Dorian LPG’s dividend payout ratio (DPR) is 25.45%.

Institutional Trading of Dorian LPG

Several large investors have recently modified their holdings of LPG. Charles Schwab Investment Management Inc. raised its holdings in shares of Dorian LPG by 7.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 471,768 shares of the shipping company’s stock valued at $16,238,000 after acquiring an additional 34,344 shares in the last quarter. JPMorgan Chase & Co. increased its position in Dorian LPG by 14.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 197,574 shares of the shipping company’s stock valued at $6,800,000 after purchasing an additional 25,343 shares during the period. Cynosure Group LLC raised its holdings in Dorian LPG by 248.0% in the 3rd quarter. Cynosure Group LLC now owns 31,655 shares of the shipping company’s stock worth $1,090,000 after purchasing an additional 22,560 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Dorian LPG by 52.2% in the 3rd quarter. Empowered Funds LLC now owns 290,445 shares of the shipping company’s stock worth $9,997,000 after purchasing an additional 99,650 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of Dorian LPG during the 3rd quarter valued at about $2,238,000. 62.50% of the stock is owned by 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.