Shares of Dorian LPG Ltd. (NYSE:LPG) hit a new 52-week low during trading on Monday . The company traded as low as $5.59 and last traded at $5.63, with a volume of 154,980 shares. The stock had previously closed at $5.79.

LPG has been the subject of a number of recent research reports. Zacks Investment Research raised Dorian LPG from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 3rd. ABN Amro lowered Dorian LPG from a “buy” rating to a “hold” rating in a report on Thursday, June 30th.

The stock’s 50-day moving average is $6.37 and its 200-day moving average is $8.59. The firm has a market capitalization of $303.40 million and a P/E ratio of 2.75.

Dorian LPG (NYSE:LPG) last posted its earnings results on Thursday, July 28th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.05. The company earned $50.50 million during the quarter, compared to the consensus estimate of $34.90 million. Dorian LPG’s revenue was up 54.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 earnings per share. On average, equities research analysts anticipate that Dorian LPG Ltd. will post $0.05 EPS for the current year.

In related news, CEO John C. Hadjipateras acquired 20,000 shares of the stock in a transaction on Wednesday, June 29th. The stock was acquired at an average cost of $7.39 per share, for a total transaction of $147,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,279,744 shares of the company’s stock, valued at approximately $16,847,308.16. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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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