Dorian LPG Ltd. (LPG) Stock Price Down 3.6%
Dorian LPG Ltd. (NYSE:LPG)’s share price fell 3.6% on Wednesday . The stock traded as low as $7.19 and last traded at $7.19, with a volume of 141,784 shares changing hands. The stock had previously closed at $7.46.
Several brokerages have recently weighed in on LPG. ABN Amro lowered shares of Dorian LPG from a “buy” rating to a “hold” rating in a report on Thursday, June 30th. Zacks Investment Research lowered shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 31st.
The firm has a 50 day moving average price of $7.85 and a 200-day moving average price of $9.56. The firm has a market cap of $393.00 million and a P/E ratio of 3.11.
Dorian LPG (NYSE:LPG) last issued its earnings results on Tuesday, May 31st. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The business earned $85.30 million during the quarter, compared to analysts’ expectations of $84.18 million. The company’s revenue was up 141.6% on a year-over-year basis. Equities research analysts expect that Dorian LPG Ltd. will post $1.26 earnings per share for the current fiscal year.
In other Dorian LPG news, CEO John C. Hadjipateras bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 29th. The shares were bought at an average price of $7.39 per share, for a total transaction of $147,800.00. Following the transaction, the chief executive officer now directly owns 2,279,744 shares in the company, valued at $16,847,308.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
A number of large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Dorian LPG by 178.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 444,342 shares of the company’s stock worth $5,229,000 after buying an additional 284,603 shares during the period. Royce & Associates LLC raised its stake in shares of Dorian LPG by 72.7% in the fourth quarter. Royce & Associates LLC now owns 213,734 shares of the company’s stock worth $2,516,000 after buying an additional 90,000 shares during the period. Finally, GSA Capital Partners LLP raised its stake in shares of Dorian LPG by 50.4% in the fourth quarter. GSA Capital Partners LLP now owns 146,407 shares of the company’s stock worth $1,723,000 after buying an additional 49,055 shares during the period.
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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