Dorian LPG Ltd. (LPG) Trading Down 2.9%
Shares of Dorian LPG Ltd. (NYSE:LPG) traded down 2.9% during mid-day trading on Tuesday . The company traded as low as $6.12 and last traded at $6.13, with a volume of 80,437 shares. The stock had previously closed at $6.31.
A number of analysts recently issued reports on LPG shares. Zacks Investment Research raised Dorian LPG from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. ABN Amro downgraded Dorian LPG from a “buy” rating to a “hold” rating in a research report on Thursday, June 30th.
The stock has a 50 day moving average price of $6.77 and a 200 day moving average price of $8.99. The firm has a market capitalization of $333.63 million and a PE ratio of 3.02.
Dorian LPG (NYSE:LPG) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by $0.05. The business earned $50.50 million during the quarter, compared to analysts’ expectations of $34.90 million. The firm’s quarterly revenue was up 54.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 EPS. On average, analysts predict that Dorian LPG Ltd. will post $1.37 earnings per share for the current fiscal year.
In other Dorian LPG news, CEO John C. Hadjipateras acquired 20,000 shares of the stock in a transaction on Wednesday, June 29th. The stock was 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 directly owns 2,279,744 shares in the company, valued at $16,847,308.16. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
A hedge fund recently raised its stake in Dorian LPG stock. Dimensional Fund Advisors LP boosted its position in Dorian LPG Ltd. (NYSE:LPG) by 178.2% during the fourth quarter, according to its most recent 13F 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 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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