Dorian LPG (NYSE:LPG) Stock Price Down 4.4% – Here’s What Happened

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

Analyst Ratings Changes

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

Dorian LPG Stock Down 6.0 %

The company has a 50-day moving average of $24.88 and a two-hundred day moving average of $32.38. 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 market capitalization of $1.09 billion, a P/E ratio of 4.31 and a beta of 0.93.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings results on Thursday, October 31st. The shipping company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.17). The company had revenue of $82.40 million during the quarter, compared to the consensus estimate of $82.40 million. Dorian LPG had a return on equity of 23.75% and a net margin of 47.87%. The business’s revenue for the quarter was down 43.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.85 earnings per share. On average, research analysts predict that Dorian LPG Ltd. will post 2.84 EPS for the current year.

Dorian LPG Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, November 25th. Stockholders of record on Tuesday, November 5th were given a $1.00 dividend. The ex-dividend date was Tuesday, November 5th. Dorian LPG’s dividend payout ratio is presently 16.95%.

Institutional Trading of Dorian LPG

A number of institutional investors and hedge funds have recently bought and sold shares of LPG. Pacer Advisors Inc. grew its holdings in shares of Dorian LPG by 11.5% during the third quarter. Pacer Advisors Inc. now owns 3,416,004 shares of the shipping company’s stock valued at $117,579,000 after buying an additional 352,453 shares during the last quarter. State Street Corp lifted its position in Dorian LPG by 3.6% in the 3rd quarter. State Street Corp now owns 1,357,420 shares of the shipping company’s stock valued at $46,722,000 after acquiring an additional 47,780 shares in the last quarter. Geode Capital Management LLC boosted its stake in Dorian LPG by 9.1% during the 3rd quarter. Geode Capital Management LLC now owns 964,222 shares of the shipping company’s stock valued at $33,195,000 after purchasing an additional 80,757 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Dorian LPG by 7.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 471,768 shares of the shipping company’s stock worth $16,238,000 after purchasing an additional 34,344 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in shares of Dorian LPG by 435.3% in the second quarter. Marshall Wace LLP now owns 457,119 shares of the shipping company’s stock worth $19,181,000 after purchasing an additional 371,724 shares during the last quarter. 62.50% of the stock is currently 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.