Dorian LPG Ltd. (LPG) Hits New 1-Year Low at $6.85
Dorian LPG Ltd. (NYSE:LPG) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $6.85 and last traded at $7.04, with a volume of 126,596 shares. The stock had previously closed at $6.99.
LPG has been the subject of a number of research reports. Zacks Investment Research lowered shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 31st. ABN Amro lowered shares of Dorian LPG from a “buy” rating to a “hold” rating in a report on Thursday, June 30th.
The stock has a market capitalization of $387.48 million and a PE ratio of 3.07. The stock’s 50 day moving average price is $8.03 and its 200 day moving average price is $9.68.
Dorian LPG (NYSE:LPG) last posted its quarterly earnings data on Tuesday, May 31st. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The firm earned $85.30 million during the quarter, compared to analysts’ expectations of $84.18 million. The company’s revenue for the quarter was up 141.6% on a year-over-year basis. On average, equities research analysts expect that Dorian LPG Ltd. will post $1.26 EPS for the current fiscal year.
In other Dorian LPG news, CEO John C. Hadjipateras bought 20,000 shares of Dorian LPG stock in a transaction on Wednesday, June 29th. The stock was bought 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 owns 2,279,744 shares in the company, valued at $16,847,308.16. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
An institutional investor recently raised its position in Dorian LPG stock. GSA Capital Partners LLP raised its position in shares of Dorian LPG Ltd. (NYSE:LPG) by 50.4% during the fourth quarter, Holdings Channel reports. The firm 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 at the end of the most recent quarter.
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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