Dorian LPG Ltd. (LPG) Shares Down 4.7%
Dorian LPG Ltd. (NYSE:LPG)’s share price was down 4.7% on Monday . The company traded as low as $5.87 and last traded at $5.88, with a volume of 106,969 shares trading hands. The stock had previously closed at $6.17.
A number of equities analysts have weighed in on LPG shares. 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 upgraded shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a report on Wednesday.
The stock has a 50 day moving average of $7.00 and a 200-day moving average of $9.14. The stock has a market cap of $320.68 million and a PE ratio of 2.90.
Dorian LPG (NYSE:LPG) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.05. The business had revenue of $50.50 million for the quarter, compared to analysts’ expectations of $34.90 million. During the same quarter in the previous year, the company posted $0.24 EPS. The business’s revenue for the quarter was up 54.9% on a year-over-year basis. On average, analysts expect that Dorian LPG Ltd. will post $1.12 earnings per share for the current fiscal year.
In related news, CEO John C. Hadjipateras acquired 20,000 shares of the company’s stock in a transaction 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 owns 2,279,744 shares in the company, valued at $16,847,308.16. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Other hedge funds and institutional investors recently added to or reduced their stakes in the company. GSA Capital Partners LLP raised 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 valued at $1,723,000 after buying an additional 49,055 shares in the last quarter. Royce & Associates LLC raised 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 valued at $2,516,000 after buying an additional 90,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised 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 valued at $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.
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