Dorian LPG Ltd. (LPG) Sees Strong Trading Volume
Dorian LPG Ltd. (NYSE:LPG) shares saw strong trading volume on Thursday . 225,486 shares were traded during trading, a decline of 13% from the previous session’s volume of 259,388 shares.The stock last traded at $5.95 and had previously closed at $6.00.
A number of research analysts have issued reports on the stock. Zacks Investment Research raised shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. ABN Amro lowered shares of Dorian LPG from a “buy” rating to a “hold” rating in a research note on Thursday, June 30th.
The stock has a market capitalization of $325.00 million and a PE ratio of 2.94. The stock’s 50-day moving average price is $6.50 and its 200-day moving average price is $8.69.
Dorian LPG (NYSE:LPG) last released its earnings results on Thursday, July 28th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.05. The company had revenue of $50.50 million for the quarter, compared to analysts’ expectations of $34.90 million. Dorian LPG’s revenue was up 54.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 EPS. On average, equities research analysts predict that Dorian LPG Ltd. will post $0.33 earnings per share for the current fiscal year.
In related news, CEO John C. Hadjipateras bought 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 29th. The stock was purchased at an average cost 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 in the company, valued at $16,847,308.16. The purchase was disclosed in a filing with the SEC, which is available through this link.
An institutional investor recently raised its position in Dorian LPG stock. Dimensional Fund Advisors LP increased its stake in shares of Dorian LPG Ltd. (NYSE:LPG) by 178.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 444,342 shares of the company’s stock after buying an additional 284,603 shares during the period. Dimensional Fund Advisors LP owned approximately 0.78% of Dorian LPG worth $5,229,000 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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