Dorian LPG (NYSE:LPG) Sets New 52-Week High at $14.64

Dorian LPG Ltd (NYSE:LPG) reached a new 52-week high during trading on Monday . The company traded as high as $14.64 and last traded at $14.64, with a volume of 4006 shares traded. The stock had previously closed at $14.24.

Several research firms recently commented on LPG. ValuEngine lowered shares of Dorian LPG from a “sell” rating to a “strong sell” rating in a research note on Friday, November 1st. TheStreet upgraded shares of Dorian LPG from a “d+” rating to a “c” rating in a report on Monday, August 26th. Zacks Investment Research raised shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Friday, October 4th. Finally, DNB Markets raised shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $16.30 price target on the stock in a research note on Monday, October 14th. One analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $14.43.

The company has a debt-to-equity ratio of 0.63, a current ratio of 1.52 and a quick ratio of 1.49. The firm has a fifty day simple moving average of $13.12 and a 200 day simple moving average of $10.36. The company has a market cap of $792.79 million, a price-to-earnings ratio of 18.74 and a beta of 1.25.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings data on Thursday, October 31st. The shipping company reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.16. The business had revenue of $91.63 million during the quarter. Dorian LPG had a net margin of 10.16% and a return on equity of 4.52%.

In related news, EVP Alexander C. Hadjipateras sold 7,500 shares of Dorian LPG stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $10.41, for a total transaction of $78,075.00. Following the sale, the executive vice president now directly owns 73,980 shares of the company’s stock, valued at $770,131.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Group Ltd Bw sold 50,000 shares of Dorian LPG stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $11.00, for a total value of $550,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 221,975 shares of company stock valued at $2,488,287. Corporate insiders own 26.80% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Founders Capital Management grew its holdings in shares of Dorian LPG by 100.0% during the third quarter. Founders Capital Management now owns 6,000 shares of the shipping company’s stock worth $58,000 after purchasing an additional 3,000 shares during the last quarter. Convergence Investment Partners LLC bought a new position in Dorian LPG in the third quarter valued at approximately $80,000. Meeder Asset Management Inc. acquired a new stake in Dorian LPG during the 3rd quarter worth $110,000. Moors & Cabot Inc. bought a new stake in shares of Dorian LPG during the 3rd quarter valued at $186,000. Finally, UBS Asset Management Americas Inc. bought a new stake in shares of Dorian LPG during the 2nd quarter valued at $166,000. 65.79% of the stock is owned by hedge funds and other institutional investors.

Dorian LPG Company Profile (NYSE: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 very large gas carriers (VLGCs). As of June 26, 2018, its fleet consisted of 22 VLGCs with carrying capacity of approximately 1.8 million cubic meters.

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