Dorian LPG Ltd. (NYSE:LPG)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $6.85 and last traded at $7.04, with a volume of 126,596 shares trading hands. The stock had previously closed at $6.99.

Several equities analysts have recently issued reports on LPG shares. ABN Amro cut Dorian LPG from a “buy” rating to a “hold” rating in a report on Thursday, June 30th. Zacks Investment Research cut Dorian LPG from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 31st.

The firm’s 50-day moving average is $8.17 and its 200 day moving average is $9.72. The firm has a market capitalization of $389.13 million and a PE ratio of 3.08.

Dorian LPG (NYSE:LPG) last posted its earnings results on Tuesday, May 31st. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. The business earned $85.30 million during the quarter, compared to analysts’ expectations of $84.18 million. Dorian LPG’s revenue was up 141.6% compared to the same quarter last year. Equities research analysts forecast that Dorian LPG Ltd. will post $1.26 earnings per share for the current year.

In other Dorian LPG news, CEO John C. Hadjipateras bought 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 29th. The shares were purchased at an average price of $7.39 per share, with a total value of $147,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,279,744 shares of the company’s stock, valued at approximately $16,847,308.16. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

A hedge fund recently raised its stake in Dorian LPG stock. GSA Capital Partners LLP boosted its stake in Dorian LPG Ltd. (NYSE:LPG) by 50.4% during the fourth quarter, Holdings Channel reports. The fund owned 146,407 shares of the company’s stock after buying an additional 49,055 shares during the period. GSA Capital Partners LLP owned approximately 0.26% of Dorian LPG worth $1,723,000 as of its most recent filing with the SEC.

Dorian LPG Ltd is a pure-play liquefied petroleum gas (LPG) shipping company, based in the Marshall Islands. The Company operates three very large gas carriers (VLGC) and one pressurized LPG vessel. Additionally, it contracts for 16 fuel-efficient VLGC newbuildings, with deliveries scheduled for 2014 and 2015.

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