Dorian LPG Ltd. (LPG) Stock Price Down 2.9%
Dorian LPG Ltd. (NYSE:LPG) was down 2.9% during mid-day trading on Tuesday . The stock traded as low as $6.12 and last traded at $6.13, with a volume of 80,437 shares changing hands. The stock had previously closed at $6.31.
Several equities research analysts recently issued reports 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 raised shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 3rd.
The company has a 50 day moving average of $6.80 and a 200-day moving average of $9.01. The firm has a market cap of $327.70 million and a price-to-earnings ratio of 2.97.
Dorian LPG (NYSE:LPG) last released its quarterly earnings data 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. During the same quarter in the previous year, the business posted $0.24 earnings per share. The business had revenue of $50.50 million for the quarter, compared to analyst estimates of $34.90 million. The firm’s revenue was up 54.9% on a year-over-year basis. Analysts predict that Dorian LPG Ltd. will post $1.20 earnings per share for the current year.
In other Dorian LPG news, CEO John C. Hadjipateras acquired 20,000 shares of the company’s stock in a transaction on Wednesday, June 29th. The shares were acquired at an average cost of $7.39 per share, with a total value of $147,800.00. Following the completion of the acquisition, 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 legal filing with the SEC, which can be accessed through this link.
An institutional investor recently raised its position in Dorian LPG stock. Dimensional Fund Advisors LP raised its stake in shares of Dorian LPG Ltd. (NYSE:LPG) by 178.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.
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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