Dorian LPG Ltd. (LPG) Trading Down 4.3%
Dorian LPG Ltd. (NYSE:LPG) fell 4.3% on Wednesday . The company traded as low as $5.25 and last traded at $5.38, with a volume of 162,780 shares. The stock had previously closed at $5.62.
A number of research firms have recently weighed in on LPG. ABN Amro downgraded Dorian LPG from a “buy” rating to a “hold” rating in a research note on Thursday, June 30th. Zacks Investment Research raised Dorian LPG from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 3rd.
The company has a market cap of $278.84 million and a price-to-earnings ratio of 2.523. The firm’s 50-day moving average price is $6.26 and its 200 day moving average price is $8.54.
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. During the same period in the previous year, the company earned $0.24 EPS. The company earned $50.50 million during the quarter, compared to analyst estimates of $34.90 million. The company’s revenue was up 54.9% compared to the same quarter last year. On average, analysts predict that Dorian LPG Ltd. will post $0.05 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 that occurred on Wednesday, June 29th. The stock was acquired at an average price of $7.39 per share, for a total transaction of $147,800.00. Following the completion of the acquisition, the chief executive officer now owns 2,279,744 shares of the company’s stock, valued at approximately $16,847,308.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
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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