Dorian LPG Ltd. (LPG) Stock Price Down 4.7%
Shares of Dorian LPG Ltd. (NYSE:LPG) were down 4.7% during trading on Monday . The company traded as low as $5.87 and last traded at $5.88, with a volume of 106,969 shares changing hands. The stock had previously closed at $6.17.
Separately, ABN Amro cut Dorian LPG from a “buy” rating to a “hold” rating in a research report on Thursday, June 30th.
The firm has a market capitalization of $321.24 million and a price-to-earnings ratio of 2.98. The company’s 50 day moving average price is $7.07 and its 200-day moving average price is $9.17.
Dorian LPG (NYSE:LPG) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by $0.05. The firm earned $50.50 million during the quarter, compared to analyst estimates of $34.90 million. During the same quarter in the prior year, the firm posted $0.24 EPS. The business’s revenue was up 54.9% on a year-over-year basis. On average, equities analysts anticipate that Dorian LPG Ltd. will post $1.12 EPS for the current fiscal year.
In other news, CEO John C. Hadjipateras purchased 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, for a total transaction of $147,800.00. Following the purchase, the chief executive officer now directly owns 2,279,744 shares of the company’s stock, valued at approximately $16,847,308.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
A number of hedge funds and institutional investors have recently added to or reduced their stakes in LPG. GSA Capital Partners LLP increased its position in 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 in the last quarter. Royce & Associates LLC increased its position in 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in 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 in the last 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.